Life insurance in Africa remains extraordinarily concentrated, with South Africa writing $43,786m in life gross written premiums in 2025, commanding 81% of the 23 markets ranked and almost 14 times the next largest, according to the African Insurance Organisation in its Annual Report 2026.
LIC will offer three new insurance plans from 19 October 2026 - New Jeevan Dhara-II; Health Shield and New Cancer Cover.
In connection with the official opening of Huanggang Port on 12 October 2026, the Hong Kong Special Administrative Region (SAR) government has entered into a market agreement with 45 insurers to extend the scope of coverage of their existing mandatory motor and employees' compensation insurance policies to the Huanggang Port Hong Kong Port Area (HKPA).
Thailand's National Disaster Insurance Policy, under the government's 'Disaster Insurance for the People Project' is facing its first test with flash floods in Lamphun Province and windstorms in Chiang Mai Province, that occurred on 5 October 2026 following heavy rainfall. Coverage for 30m households nationwide under the government initiative began on 1 October 2026.
In the Philippines, many Filipinos now see legacy as a combination of financial security, family values and educational opportunities for future generations, rather than simply passing on wealth.
Singaporean insurer Singlife has announced a partnership with NHG Health designed to improve customers' access to specialist care and explore new care models that support better health outcomes, recovery and healthcare sustainability.
Insurance intermediaries are asking for a grace period of at least two years to develop supplementary insurance coverage in the transition to the the mandatory health insurance system (AMO), overseen by the National Social Security Fund (CNSS).
Turkiye has taken over the presidency of Turkic World Insurance Union (TWIU), with Mr Atilla Benli elected as the President.
Shinhan Financial Group has signed a stock purchase contract to acquire a 77.04% stake in Lotte Non-Life Insurance from JKL Partners for KRW693.3bn ($515m), marking a major move to expand its non-banking portfolio and elevate its standing in South Korea's non-life insurance sector.
S&P Global Ratings forecasts robust real GDP growth of 5.2% for Singapore's life insurance sector in 2026, with strong fundamentals to support the growth trajectory through 2027.