Santam secures GIFT City reinsurance licence to expand Indian footprint

...non-life treaty reinsurer with operations spanning Africa, Asia and Europe, will support the IIO with capacity across lines of business including property, engineering, marine and liability. Santam S...

Zurich Insurance Group reports record US$7.5bn premiums in Asia Pacific

...Zurich Insurance Group (Zurich) on 19 February reported a record full-year performance in Asia Pacific for the 12 months ended 31 December 2025, delivering a GWP of $7.5bn, with business operating profit (BOP) of $633m, up 8% y-o-y. The result reflects a strong performance in the life business alongside continued momentum in P&C across both commercial and retail insurance....

Vietnam: Insurance market projected to expand by 5% to nearly US$10bn in 2026

...non-life insurance segment, with projected revenue reaching VND98,371bn, an increase of 11.25%, reflecting the growing demand for asset and risk protection....

Turkiye: Cautious optimism tempers expectations of insurance market growth in 2026

...non-life branch expects real increases in premiums and profitability, the life and pension branch maintains a more cautious stance, forecasting performance in line with inflation....

Hong Kong: Misunderstandings over coverage details in travel insurance lead to disputes

...Poor communication or basic misunderstanding about the coverage details of travel insurance policies is leading to an increase in insurance disputes, according to a new data analysis by Hong Kong-based insurance comparison platform 10Life....

Morocco: Strong operating performance drives 'Positive' rating outlook for Atlantic Re

...Moroccan reinsurer Atlantic Re's strong operating performance is demonstrated by a five-year (2020-2024) weighted average return-on-equity ratio and non-life combined ratio of 14.3% and 85.2%, respectively, notes AM Best....

Sri Lanka: Country's first mobile billing-enabled motor insurance launched

...Fairfirst insurance has partnered with SLT-Mobitel mobile to launch the country's first-ever mobile billing solution for motor insurance....

Bangladesh: 50% mandatory cessions to state reinsurer to be scrapped

...non-life insurers to state-owned Sadharan Bima Corporation (SBC). Currently, all non-life insurers are required to cede half of their reinsurance portfolio to SBC, that guaranteed the reinsurer a ste...

Korea: Non-life insurers to launch free disaster cover for small businesses

...non-life insurance industries contributed KRW15bn each to create a fund pool totalling KRW30bn, which was to be used to help small business owners’ premium payments. Around 90% of the win-win i...

Turkiye: Anadolu Sigorta improves financial performance

...non-life insurer at end-2025, with a market share of about 9%. Fitch expects Anadolu Sigorta's strong competitive positioning to support the resilience of its credit profile against the challenge...

Philippines OECD recommends mandatory home insurance for businesses

...The Philippines needs to overhaul its insurance framework by mandating home coverage and incentivising disaster-resilient construction, the Organization for Economic Cooperation and Development (OECD) says....

South Korea: FSS suspends 10 insurance planners for illegal premium payments

...non-life insurance contracts. The initial premiums for these policies totalled KRW54.8m. The FSS also issued an institutional warning and fined GA Global Financial Sales KRW99.9m....

Kuwait Re's net profits climb by 40% to nearly US$65m

...non-life business and KWD5.3m (2024: KWD4.3m) from life reinsurance....

Cambodia: Regulator holds meeting on draft proclamation for motor policies

...The Insurance Regulator of Cambodia (IRC) held a consultation meeting on a draft proclamation on "The Implementation of Policy Wording for Compulsory Motor Third-Party Liability Insurance" and "Tariff on Compulsory Motor Third-Party Liabilities Insurance"....

New President of Federation of National Insurance Companies elected

...non-life business, reinsurance, brokerage, actuarial work, regulation and governance. He started with AXA in Côte d’Ivoire, before wo...

IAG posts first-half FY26 profit of US$354m

...Insurance Australia Group (IAG) yesterday announced its first-half results for the financial year ending 30 June 2026 (FY26). Australia's top general insurer also posted a net profit after tax of A$505m ($354m) for the six months to December 2025, down from the A$778m recorded in the prior corresponding period....

Philippines: Rising demand for protection pushes insurance premiums past new milestone in 2025

...non-life, and mutual benefit sectors stood at PHP502.6bn at the end of 2025, up by 14.1% from PHP440.5bn in 2024....

Low motor insurance coverage means Kyrgyzstan cannot implement Europrotocol

...Kyrgyzstan does not have sufficient coverage of compulsory motor insurance in order to introduce Europrotocol for reporting traffic accidents....

Thailand: Regulator enhances supervision of insurance intermediaries

...non-life insurance companies to expedite the adoption of electronic systems for both licensing information and premium payment channels, particularly in preparation for the mandatory use of electroni...

AmTrust International launches Australia branch

...Global speciality insurer, AmTrust International, has announced the launch of its APRA licensed branch in Australia....

Singapore: Gen Z leads in sustainability awareness, older Singaporeans lead in action, reveals new study

...While Gen Z leads in sustainability awareness, older Singaporeans are more consistent in taking sustainability-related action in daily life, according to a recent survey....

Cote d'Ivoire: Faster-growing life market drives insurance industry's 10% expansion in 2025

...non-life segment reported premiums of FCFA386.8bn, representing year-on-year growth of 7.5% in 2025....

South Korea: Employment insurance sign-ups rebound to 200K

...The number of new employment insurance subscribers showed signs of recovery in January 2026, returning to the 200,000-mark for the first time in 15 months....

APAC: Governments push insurance to close disaster risk gap

...Across ASEAN, disaster risk is increasingly being treated as a material fiscal risk, prompting finance ministries to move away from reliance on post-disaster budget reallocations and ad hoc assistance....

2026 Central No.1 Document highlights need to improve agricultural insurance claim processing

...non-life branch. It provides risk protection to...

75 non-life insurers report 180% climb in 2025 combined net profit

...non-life insurers had lodged their 4Q2025 solvency reports. he two insurers, for which no...

Health insurance leads growth for P&C insurers in 2025

Turkiye: State-owned non-life insurer shows diversified growth across all segments

...non-life...

Ghana Re's profitability in 2025 seen as dented by forex volatility

...non-life segment reported a three-year weighted average (2022-2024) net/net combined ratio of 95.9%; however, two of these years, including 2024, were unprofitable. Ghana Re is expected to report an...

Sri Lanka: Students impacted by Nat CAT to receive insurance benefits

...School students in Sri Lanka who were affected by the adverse weather conditions in the country in November and December 2025 will receive special consideration for claims submitted under the Suraksha Sisu insurance programme....

Hong Kong: Close to 85% of claims from Wang Fuk Court fire settled

...The Insurance Authority (IA) has announced that close to 85% of insurance claims from the Wang Fuk Court fire in November have been settled by insurance companies....

India: High distribution costs limiting growth, says government survey

...non-life insurance. The economic survey also highlighted a significant shift within the non-life segment, where health insurance has overtaken motor insurance to become the largest line of...

Two Asian cyber-attacks in Tokio Marine HCC's top 10 cyber incidents for 2025

...Two major cyber-attacks on Asian companies feature in Tokio Marine HCC International's (TMHCCI) annual 'Top 10 cyber incidents report' for 2025....

Sri Lanka: Agricultural Insurance Board declares February 2026 as insurance month for farmers

...The Agricultural Insurance Board, under the Ministry of Agriculture, Livestock, Lands and Irrigation, has designated February 2026 as an insurance month for the farming community....

Australia: PERILS raises insured loss estimate for Australia East Coast storms to around US$1bn

...PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed that its second industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) is A$1,512m ($1,052bn)....

Marc Haushofer and Joachim Mathe to lead VIG Re's Asian expansion and Special Markets Unit

...non-life treaty markets and deliver tailored solutions to meet clients’ evolving needs. ...

Thailand and Laos to collaborate to expand and strengthen insurance industry

...Thailand and the Lao People's Democratic Republic (Laos) will collaborate on developing a sustainable and accessible health insurance ecosystem, framing guidelines for the supervision of insurance for electric vehicles (EVs) and promoting electronic insurance policies (e-policies)....

China: First university dedicated to risk and emergency management established

...China has set up its first university for risk management and emergency management education. The new institution will promote and encourage emergency management education and training....

New Zealand: Kiwis overwhelmingly support proactively reducing risk

...New Zealanders strongly support proactive efforts to reduce the risks from climate related events like flooding, landslips and sea level rise and keep communities safe, according to a new survey commissioned by the Insurance Council of New Zealand (ICNZ)....

Australia: Tasmania's proposed state-owned insurer deemed unlikely to be able to address all issues

...The proposed state-owned insurer TasInsure, to be set up by the Tasmanian government, would fall short of addressing the underlying drivers of insurance costs fully and expose Tasmanian taxpayers to significant financial losses, according to a new economic analysis....

India: Insurers welcome Federal Budget for 2026-27

...India's Union Minister for Finance and Corporate Affairs, Mrs Nirmala Sitharaman, yesterday presented the Union Budget for the financial year 2026-2027 in Parliament. Reacting to Mrs Sitharaman's nearly 90-minute-long Budget speech, the Indian insurance industry describes it as one that lays out the government's economic roadmap anchored in growth, investment and fiscal stability....

India: 2026-27 Union Budget moots Infrastructure Risk Guarantee Fund to bolster private-sector participation

...Non-Life Insurance Business Profits: rationalise the computation of profits for insurance businesses other than life insurance. Any amount previously added to the income because tax was not deduc...

Dajia P&C Insurance's 2025 net profits are more than 5 times those in 2024

...non-life company was established as the P&C arm of ...

Global: Nat CAT cause over US$100bn in insured losses in 2025

...Natural catastrophes (Nat CAT) resulted in over $100bn in insured losses in 2025, marking the sixth consecutive year such losses topped that threshold. This is according to the "Natural Catastrophe Review 2026" report by global brokering and financial solutions firm WTW. The report noted that 2025 could be described as a 'moderate' loss year because losses were nearly $40bn lower than in 2024....

Philippines: Competition watchdog approves merger of FPG Insurance and Mercantile Insurance

...The Philippine Competition Commission (PCC) has greenlighted the merger of two prominent non-life insurers, FPG Insurance and The Mercantile Insurance Company. The competition regulator said in a statement that it had found the transaction would not affect competition in the local non-life insurance market....

South Korea: Insurers could face challenges in optimising capital structures

...non-life insurance companies reported core capital ratios below 80%. Regulatory intervention will be triggered for insurers whose core capital ratios fall below the 50% minimum, with company-specific...

Tunisia: STAR posts double-digit growth in GWP in 2025

...Non-life premiums amounted to TND417.92m in 2025 compared to TND66.07m for the life branch....

Australia: New Actuaries Institute President eyes broader horizons

...Climate reporting and AI are immediate growth opportunities for the actuarial profession, according to the incoming President of the Actuaries Institute, Mr Scott Reeves....

Taiwanese insurers post $16.6bn pre-tax profit for 2025

...non-life insurers totalled NT$36.8 bn, an increase of 41.5% year on year....

Turkiye: Biggest non-life insurer increases its profits by 53% in 2025

...Istanbul-headquartered state-controlled Turkiye Sigorta has posted net profits of TRY19.43bn ($448m) for 2025, a surge of 52.7% over 2024, according to the company's financial statements....