News

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Prudential-HCL venture becomes India's eighth standalone health insurer after IRDAI approval

July 2 2026

The approval marks the regulator's third insurance licence this year and expands Prudential's presence in India's insurance market.

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Bima Sugam to roll out first insurance products by September-end

July 2 2026

Motor, health and term cover will lead the digital marketplace's phased launch, which insurers are racing to connect to after technology delays.

Aerial view of a suburban neighborhood flooded, with water covering streets and yards around houses and trees rising above the water line.

ARPC urges greater catastrophe pooling as climate risks intensify across Asia

July 2 2026

ARPC underscores the importance of government-backed pools and regional data sharing in sustaining catastrophe insurance affordability.

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India to outpace global peers with 10.5% annual premium growth through 2036: Allianz

July 2 2026

Despite low penetration and high out-of-pocket healthcare costs, India’s insurance market is poised for sustained double-digit growth across life, non-life and health segments, says Allianz.

Specialist Risk Group acquires Superian Insurance to strengthen presence in APAC, Middle East

July 1 2026

The deal strengthens SRG’s position in specialty risk distribution, particularly across healthcare and liability lines.

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Returning Asian and London capacity adds to ANZ reinsurance oversupply at 1.7 — Gallagher Re

July 1 2026

Cat rates on loss-free programmes fell 12.5% to 17.5% in Australia and New Zealand, with pro rata ceding commissions rising by up to 5%.

Modern glass apartment blocks with a construction site in between, showing scaffolding and exposed framework in the center still under build.

Australian broker code body refers two firms to ASIC over strata insurance conflict concerns

July 1 2026

The review examined seven brokers that collectively operate with 1,088 representatives in strata management.

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VIG Re gets green light for Singapore base

July 1 2026

Swiss Re veteran Wilfrid Goh will lead the office as the reinsurer pushes deeper into Asia under its VIGRe28 strategy.

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Japan's Aflac Life confirms data breach exposing information of 4.38m customers

July 1 2026

The insurer has suspended affected online services and alerted authorities after unauthorised access continued over a 10-day period.

Two workers on a suspended platform clean or repair the white hull of a large ship, buckets in hand and harnessed for safety.

Howden targets off-contract healthcare gap with new cover for seafarers and families

July 1 2026

The product offers hospitalisation cover as a base product and is designed for shipping companies to purchase on behalf of seafarers.

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