Monday 5 October 2026
Published 9am HKT
Main stories 5 stories

A (Re)in Asia feature finds APAC insurers view prediction markets as potential sources of weather-risk data and narrow hedges, not yet as established tools or competitive threats. The region’s exposure to typhoons, floods and droughts, coupled with just 14% of disaster losses being insured, gives both applications potential relevance. However, regulatory barriers, disputed settlements and concerns over data integrity still stand between insurers and wider use of prediction markets. PremiumFull story
The Insurance Brokers Association of India, representing 798 licensed brokers, opposed IRDAI’s proposal to restore line-by-line commission caps. Intermediaries warned that the proposed caps could hurt policyholders and shrink distribution reach, while the association said both brokers and insurers could lose jobs. IRDAI’s chairman has defended the changes, saying the proposed reforms aim to improve affordability and narrow the information gap between insurance sellers and buyers. PremiumFull story
China’s NFRA and the Ministry of Commerce called for wider domestic trade credit insurance coverage, encouraging co-insurance for large emerging-industry exposures and greater reinsurance support. A nine-task notice seeks to support domestic demand while pairing wider cover with stronger underwriting, shared credit data and industry-wide exposure monitoring. Local commerce authorities have also been encouraged to share business lists with insurers, with leading companies used to promote domestic trade credit coverage across supply chains. PremiumFull story
Arthur J. Gallagher & Co. has acquired Albany Insurance Services, its second Pacific retail broking deal this year. The New Zealand broker serves commercial and personal lines clients in Auckland and Canterbury, extending Gallagher’s retail footprint in the country. Albany’s team will join Gallagher’s New Zealand operations, reporting to the head of its local retail business. PremiumFull story
South Korea’s Financial Supervisory Service called for stronger controls on insurance broadcast advertising after policies sold through the channel recorded three times the mis-selling rate of other channels in 2025. The FSS said industry self-regulation had failed to stop repeated provocative or exaggerated advertising by insurers and home-shopping general agencies. Insurance associations say they will refine advertising review standards and develop disclosure criteria following industry consultation, potentially covering insurers’ broadcast frequency and airtime. PremiumFull story
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