Pakistan: Regulator issues draft rules for public consultation

...non-life insurance and takaful businesses, aligning with the objectives of the SECP's five-year strategic plan, named ‘Journey to an Insured Pakistan’....

India: Insurance amendment bill seeking 100% FDI likely in December

...non-life or general insurers currently operating in the country....

Africa: Munich Re appoints new CEO

...non-life for Munich Re Africa in 2022. He obtained a diploma in mathematics in 2004 from the Ludwig Maximilian University of Munich....

New Zealand: Youngsters are open to financial advice

...Nearly 70% of Gen Z would consider professional financial advice in contrast to the 18% who are currently receiving advice or have received advice in the past according to new research by the Financial Services Council (FSC) of New Zealand....

Japan: As lightning incidences increase significantly, the amount of related insurance payments also goes up

...In Japan, across 11 cities, in the quarter century (1974 - 1998) the days of thunder and lightning were confirmed on an average 180 days annually. However, in the quarter century (1999 - 2023) the lightning incidences increased by 16.3% to 209 days per year according to the Nihon Keizai Shimbun's analysis of the Japanese Meteorological Agency's 50 years of data released by Yonhap News agency....

Australia: Poor strata governance driving up insurance costs

...Strata - laws in Victoria state of Australia need to be reformed to improve the affordability and availability of insurance for the multi - unit dwellings according to Insurance Council of Australia (ICA)....

AIA Life's 2024 dividend payout ratio at 143%; Baige Online seeks Hong Kong IPO again - Industry highlights this week

...non-life insurers post $7.2bn profit in H1, up 32.2% According to Securities Daily, as of September 5, 86 non-life insurers had disclosed their first-half results, reporting a combined...

South Korea: Country's first parametric weather insurance to be launched soon

...South Korean insurer KB Sonbo Insurance Company will soon launch a traditional market weather damage compensation insurance cover according to an exclusive news report by https://www.chosun.com....

Cambodia: New partnership to enhance country's insurance Sector

...The Insurance Regulator of Cambodia (IRC) and Hong Kong's Chartered Insurance Institute (CII) will collaborate to strengthen Cambodia's insurance industry on professional training, knowledge exchange and capacity building....

Morocco: Allianz Maroc reaches agreement with Wafa on the sale of part of its distribution network

...non-life insurance, the merger could have restrictive effects on the markets corresponding to 16 cities where Allianz and Sanlam are simultaneously established. To address this risk, the parties had...

Global reinsurers' capital climbs to US$805bn at mid-year

...non-life alternative capital (+3.6%),” said the report....

Turkiye: Motor insurers report record third-party liability insurance losses

...Non-life insurance production increased by 47.9% year-over-year, while life insurance saw a strong 81.2% growth. In real terms, non-life insurance saw a 9.5% increase, while life insurance rose by 34...

Uganda: 1H2025 GWP of insurance sector jumps by nearly 9% to exceed US$300m

...non-life segment grew by 5.59% from UGX542.27bn to UGX572.60bn....

Philippines: $70m World Bank loan supports climate risk cover for farmers

...The World Bank is providing a $70m loan to the Philippines to establish a co-insurance pool aimed at protecting small farmers and fisherfolk from climate change impacts, the Department of Agriculture (DA) announced on Sunday....

China plans fund fee cuts to boost returns

...Last Friday, the China Securities Regulatory Commission (CSRC) released draft regulations to reduce sales-related fees for public offering funds, aiming to lower investor costs and promote long-term investment....

Australia: Considering the severity and frequency of natural disasters is important for productivity of the construction industry

...Insurance Council of Australia (ICA) has proposed that all land use planning should take into account the current and projected extreme weather events and ensure that areas of zero-risk and low-risk are prioritised for future development....

Indonesia: Insurers urge policyholders to report on priority protest-related losses

...The Indonesian General Insurance Association (AAUI) has asked the public to immediately report to their insurers the riot, strike and malicious damage (RSMD) losses for riot insurance claims, if they have been affected by the recent demonstrations in the country....

India: SBI MoU boosts insurance benefits for rail staff

...Indian Railways has partnered with the State Bank of India (SBI) to provide enhanced insurance coverage for employees who hold salary accounts with SBI....

Vietnam: Unemployment insurance premiums may be reduced

...The Ministry of Home Affairs has proposed new unemployment insurance (UI) contribution rates....

Thailand: OIC orders special audit for KWI Insurance

...non-life insurance underwriting. While KWI Insurance has made some progress such as registering a paid-up capital increase of THB30m and compensating insureds under a memorandum of understa...

Singapore: AIA partners with Singapore Airlines Academy for talent development

...AIA Singapore has engaged Singapore Airlines Academy to develop a curated talent development programme for the company....

Australia: Steadfast group expands into US market

...Steadfast Group has announced its acquisition of a majority stake in US-based specialty underwriting agency and wholesale brokerage, Novum Underwriting Partners LLC....

Singapore: MSIG enhances marine capabilities

...non-life insurance market. Within this, Asia-Pacific contributes nearly 30%, making it a critical growth region. In particular, Asia's P&I segment is valu...

Tunisia: Insurance market grows by 11% in 1H2025 on buoyant life business

...Non-life insurance business grew by almost 8% to TND1.6bn in 1H2025 from TND1.5bn in 1H2024, controlling over 71% of the market operations....

Taiwan: Regulator releases insurer pre-tax profit figures

...non-life insurance companies was NT$19.2bn, rising by NT$1.1bn (+6.1%). As of the end of July 2025, the NT Dollar had appreciated 9.58% against the US Dollar sinc...

The Philippines: Non-Life insurance industry's net written premiums rise

New Zealand: House insurance gradually becoming out-of-reach for New Zealanders

...House insurance is becoming increasingly out of reach for New Zealanders as cost of house insurance in the country has risen by a staggering 916% since 2000. A new report has called for urgent action to prevent insurance becoming inaccessible for the Kiwis....

Turkiye: Insurance market's profit increases by 59% in 2024

...non-life insurance branch increased by 11.78% to TRY5.8bn in 2024 compared to TRY5.2bn in 2023. The life insurance branch saw a significant 76.22% jump to TRY26.0bn in 2024 from TRY11.7bn in 2023. Th...

South Korea: Nearly three fourths of auto repair shops report unfair insurance cost reductions

...More than 70% of the automobile repair workshops in South Korea participating in a new survey have reported that the country's insurers have started unilateral reductions in repair bills....

Egypt: Insurance industry sees premiums jump by 30% in 1H2025

Singapore: Three in four Singaporeans prioritise leaving an inheritance for future generations

...There is a growing trend towards intergenerational wealth transfer, with 77% of Singaporeans prioritising leaving a financial legacy to future generations according to a new report by Etiqa Insurance Singapore....

The Philippines: Insurance penetration rises to 1.79%

...non-life insurance products amounted to PHP242.84bn ($4.24bn) as of 30 June 2025. The number is 12.98% higher than the total premiums collected during the same si...

Cameroon: Afrigroup Holding receives regulator's green light to establish 2 insurers

...non-life segment and 10 in the life segment....

Asian business contributes significantly to HDI Global's half-year growth figures

...Corporate & Specialty insurer HDI Global SE has reported positive growth figures for the first half of 2025, with increase in both revenue and net income....

Indonesia: Proposed merger of reinsurers without fresh capital infusion to stress domestic industry, says Fitch

...Fitch Ratings has said that the proposed merger of three Indonesian reinsurers could dilute the capital profile of the domestic reinsurance market in the absence of fresh capital inflows....

South Korea: Insurance sector faces profit decline amid education tax hike concerns

...non-life insurers, including Samsung Fire & Marine, Hyundai Marine & Fire, DB Insurance, KB Insurance, and Meritz Fire & Marine and six life insurers such as Samsung Life, Hanwha Life, an...

Philippines: Insurance market post double-digit growth in premiums in 1H2025

...non-life products reached PHP242.8bn ($4.29bn) by end-June, up 13% from PHP214.9bn in the corresponding half in 2024. The growth boosted insurance penetration—the share of premiums in GDP&mdash...

India mulls GST cuts on small cars, insurance to boost demand

...India has proposed reducing the Goods and Services Tax (GST) on small cars to 18% from the current 28%, as part of wide-ranging consumption tax cuts, a government source said on Monday....

Nigeria: Insurers have one year to comply with required minimum capital

...non-life insurers - to NGN15bn from NGN3bn...

Philippines: Two insurers set to merge, will create a non-life insurance powerhouse

...non-life sector, FPG Mercantile will be in a position to innovate, expand digital offerings, and navigate the evolving regulatory landscape in the Philippines. The transaction is expected to close by...

Egypt: Mohamed Mahran appointed MD of Misr Insurance

...The board of directors of Misr Insurance Company, Egypt's biggest non-life insurer, has announced the appointment of Mr Mohamed Mahran as the managing director of the company....

Taiwan: Central Re's domestic market share dips on changes in market mix

...non-life business shrank moderately in 2024, mainly due to reduced voluntary motor business, while the underwriting margin narrowed due to higher claims from some major catastrophe events during the...

IAG New Zealand announces FY2025 results

...IAG New Zealand has announced an insurance profit of A$606m ($395m) (FY2024: AU$457m) for the financial year ended 30 June 2025, delivering a reported insurance margin of 27.4% (FY2024: 22.5%)....

Morocco: Insurance market sees recovery in life and sustained momentum in non-life in 2024

...non-life, the insurance market posted...

Pakistan: Proposal raised to galvanise underdeveloped private health insurance market

...non-life insurance companies for the five years spanning 2019 to 2023. Six life companies and 14 non-life companies were selected, based on their market share in terms of gross written premium (GWP)...

Thailand: OIC unveils fifth insurance development strategy to tackle modern risks

...non-life insurance sectors to review the draft framework of the fifth Insurance Development Plan. The discussion focused on four main areas:...

Saudi Arabia: 5th biggest insurer receives 'A-' IFS rating from Fitch

...non-life combined ratio was 101% in 2024, slightly weakening from 100% in 2023 (three-year average: 102%), due to higher losses in motor and medical lines....

South Korea: Short-term insurance popularity driven by 20-39 age group

...non-life insurers in the first half of this year, up 32% compared to the same period last year. More than half of subscribers, or 54.6% were in their 20s and 30s, followed by those in their 40s (21%)...

Morocco: Direct insurers see higher combined profits in 2024, bolstered by investment income

...non-life technical income net of reinsurance declined by 2.3%, due to a contraction in the net reinsurance operating margin, explained by a reinsurance balance unfavorable to ceding companies....

Taiwan: Life insurers's combined pre-tax net results rebound in June 2025

...non-life insurers amounted to NT$15.9bn, increasing by NT$0.7bn or 4.6% year on year....