Sanlam, the largest insurance and financial services group in South Africa, has reported strong underlying new business growth and net client cash flows for the first six months of 2026, reflecting growth across all its African and Indian markets.
Underwriting losses incurred by India's non-life insurance's registered a sharp increase in 2025-26 surging from INR302.88bn ($3.17bn) in 2024-25 to INR452.79bn in 2025-26, recording a rise of around 50%.
Nepal may have to incur recovery and reconstruction expenses exceeding NPR723.32bn ($4.76bn) post BhoteKoshi flash floods of 26 August 2026. According to official sources the Himalayan nation suffered actual physical and economic losses to the extent of NPR408.30bn.
China has taken a rare move to shore up its five state-owned insurance groups. It's pumping a total of $10.4bn (CNY70bn) of capital into these groups to fortify the sector.
The priorities of China's non-life insurers are increasingly shifting toward sustainable profitability and operational efficiency, supported by accelerated digitalisation and innovation, according toe Mr James Chan, Director, Analytics, at AM Best.
A proposed capital injection from China's Ministry of Finance and proactive capital management at the subsidiary level will likely shore up PICC Group's capital headroom, said S&P Global Ratings (S&P). Meanwhile, the insurance group's ongoing efforts to tighten underwriting and investment risk controls could help safeguard underlying earnings.
Urtrust Insurance Co is expected to maintain its underwriting advantage in the new-energy vehicle (NEV) segment through close partnerships with manufacturers and improved pricing capabilities driven by richer operational data, said Fitch Ratings.
Solar-related structural fires now account for a quarter of structural fires, revealing a growing risk linked to home solar installations, according to Fire Force, a fire response partnership between Discovery Insure and private firefighting and rescue service, Fire Ops SA.
The fire insurance branch has faced challenges for many years related to high and frequent losses, which require concerted efforts to improve pricing mechanisms and technical evaluation, said Dr Tarek Seif, Vice Chairman of the Financial Regulatory Authority.
The number of claims lodged with insurance companies across all branches stood at 993,194 in the first half of this year, 4.1% higher than the 954,299 submitted in 1H2025, according to data from the General Insurance Committee (CGA).