News

Row of four red metal buckets labeled FIRE hanging from a wooden beam outdoors with a rural field in the background.

IRDAI warns insurers over deep discounting in fire insurance line

July 24 2026

The regulator flagged steep discounting in the fire market after industry premiums dropped 27.8% year-on-year.

Sydney skyline at sunset with the Opera House and Harbour Bridge over the blue harbor sea, boats visible on the water

BirdsEyeView signs multi-year nat cat modelling deal with Market Lane

July 24 2026

The Lloyd’s coverholder will use the cat risk technology company's platform to assess risk and manage underwriting exposures.

Blue glass skyscrapers in a financial district with bank logos DBS, HSBC and Standard Chartered visible on the towers, against a blue sky with palm trees in the foreground

Allianz strikes S$2.7bn deal for HSBC Life Singapore

July 24 2026

The two groups will also enter a 15‑year exclusive bancassurance partnership, with the deal slated for completion in the first half of 2027.

Close-up of a blue map showing China with colorful push pins marking locations in red, yellow, and green.

China insurers' claims payouts for July typhoons, floods top US$500m

July 24 2026

Payouts have risen more than 20% since 13 July, when insurers reported nearly 380,000 claims.

koreas-lotte-insurance-on-market-for-us1-5bn-and-drawing-global-interest-reports

Shinhan Financial considers Lotte Non-Life among acquisition targets, CFO says

July 23 2026

The CFO said Shinhan would pursue acquisition opportunities while maintaining capital levels.

pacific-posts-third-straight-quarter-of-double-digit-commercial-insurance-rate-declines

Asia commercial insurance rates fall 5% in Q2 as global market softens for eighth straight quarter

July 23 2026

Marsh said excess capacity, lower reinsurance costs and increased competition continued to drive rate declines.

Blackstone and former HDFC ERGO chief move ahead with India general insurer plan — Report

July 23 2026

The proposed venture could become the first new insurer with 90% foreign ownership since India liberalised its insurance sector's FDI limits.

Empty modern conference room with a long wooden table and black leather chairs, large windows with blurred city lights in the background.

Asia D&O rate cuts slow as board scrutiny intensifies: Howden

July 23 2026

Buyers still hold the advantage, particularly on excess layers, but underwriting discipline is returning after years of soft conditions.

Gavel beside a silver toy car with an open door on a gray surface, suggesting auto law or car accident legal matters.

India's top court warns insurers over policy ambiguity, urges IRDAI to standardise cross-border motor cover

July 23 2026

“Sloppy drafting could cost you something,” the bench told insurers while stressing the importance of precise policy drafting.

Two yellow vans partially submerged in muddy floodwater on a city street, with trees, a river, and tall buildings in the background.

APAC catastrophe losses remain subdued in H1 2026 as global protection gap widens: Aon

July 22 2026

The region's costliest event was seasonal flooding in China, which generated approx. US$4.9bn in economic losses.

sompo-holdings-to-restructure-into-two-global-segments

Sompo to acquire Brazil's Fator Seguradora to boost global specialty business

July 22 2026

The deal hands the Japanese insurer a Brazilian underwriter with strength in property, surety and financial Lines.

Aerial view of a river running through a densely built city with multiple bridges and a tall skyscraper on the right, mountains in the distance under cloudy skies. (Informative cityscape)

Regulation and investment income keep South Korea's non-life outlook stable despite weaker underwriting: AM Best

July 22 2026

Claims pressure from the end of the 2024 medical strike and years of motor rate cuts is pushing the strongest insurers abroad in search of new growth.

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