News

Tokyo skyline with a red pagoda and temple grounds in foreground, and the Skytree tower rising above a mix of city buildings under a blue sky.

AM Best holds stable outlook on Japan non-life as rate rises lift yields

June 24 2026

Higher interest rates, J-ICS implementation and improved fire insurance profitability underpin the segment's stability.

Residential street severely flooded; water covers yards and fence, a white truck sits in the distance among submerged trees under a cloudy sky.

ICA says NSW budget proves case for emergency levy reform

June 23 2026

The Insurance Council of Australia says insurance customers are projected to contribute more through the Emergency Services Levy than previously forecast, as consultation on reform continues.

Lloyd's taps ICICI Lombard as India partner for multinational programmes

June 23 2026

The partnership enables ICICI Lombard to issue local policies on behalf of Lloyd’s managing agents for selected lines of business.

Calculator surrounded by banknotes and scattered coins with a jar of coins on the right, depicting budgeting or savings.

IRDAI proposes tighter disclosure norms for intermediaries earning over US$1.05m in commissions

June 23 2026

The proposed amendments seek greater transparency and tighter oversight of sales practices for insurance intermediaries.

Aerial view of a coastal city with a large Ferris wheel, a bridge, and a busy waterfront.

Japanese insurers sell superlong government bonds as yields surge - Report

June 23 2026

Rising yields and market volatility are prompting insurers to pare exposure to long-dated Japanese government bonds.

Modern apartment complex with glass balconies and wood-paneled facades along a street.

Vero launches strata product for brokers targeting complex risks

June 22 2026

The offering targets placement challenges in strata insurance as capacity pressures persist for complex risks.

Open-plan living area with black kitchen cabinets, white countertops, and a round white dining table with a plant centerpiece at the center. (informative)

IAG’s Firemark Ventures invests in disaster accommodation provider Spacecube

June 22 2026

The partnership aims to support disaster recovery efforts across rural and regional Australia.

SpaceX facility with a tall rocket launch tower beside a modern building on a sunny day

Nippon Life’s early SpaceX stake may generate billions in investment gains - Report

June 22 2026

The Japanese insurer could recognise investment profit from the rocket company as early as the fiscal year ending March 2028.

apra-urges-step-change-in-ai-risk-governance-as-adoption-accelerates

IRDAI to develop AI governance framework through industry working group

June 22 2026

The regulator seeks to establish guardrails for the growing use of AI in the sector.

Pile of assorted international banknotes overlapping on a surface, including dollars, euros, yuan and more currencies.

New China Life gets regulatory nod for US$1.48bn capital bond issuance

June 22 2026

The regulatory nod follows an earlier administrative approval from the People’s Bank of China to issue the undated capital bonds.

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