Prudential plc has announced that Sir Douglas Flint will be appointed as a Non-Executive Director and Chair-Designate.
Global reinsurers' profitability will decline but remain strong in 2026, as 1 January contract renewals confirmed further reductions in risk-adjusted prices across most lines, Fitch Ratings says. This aligns with its 'deteriorating' sector outlook for global reinsurance, reflecting moderately weaker, but still sound, operating and business conditions in 2026.
Sustained use of GLP-1 therapies (a class of medications used to manage Type-2 diabetes) can significantly reduce medical cost growth over the long term for employers and improve workforce health outcomes, according to the latest report by Aon.
Sedgwick, the world's leading risk and claims administration partner, has published its 2026 forecasting report.
In 2025, losses from natural disasters in the Asia-Pacific cost around $73bn. These work out to about one third of the total global losses due to natural disasters in 2025. This is also above the 10-year average of $66bn. Only $9bn was insured. In many lower-income countries, insurance penetration remains below 5% according to global reinsurer Munich Re.
More than 80% of actuaries participating in a recent study conducted by the Institute and Faculty of Actuaries (IFoA) have said that their professional involvement in climate change and sustainability work has increased in recent years.
Insurers achieved favourable outcomes at the 1 January property renewals on the back of excess capacity in the market and stable demand, says Aon in its "Reinsurance Market Dynamics January 2026 Renewal" report.
The takaful sector experienced steady growth during 2025, with global takaful assets expanding at an estimated rate of 15-17% annually, according to Mr Zubair Mughal, an expert in Islamic banking and finance.
Reinsurers saw rate reductions approaching 20% in Asia Pacific for non-loss impacted accounts in 1 January renewals, Aon, a leading global professional services firm, highlights in its report titled "Reinsurance Market Dynamics January 2026 Renewal".