News

Empty train station platform with boxes and 'In Force' sign, early exit door, and clock.

Asia's life insurers rethink products as surrender trends test customer retention

August 12 2026

Policy surrenders have surpassed maturity payouts in India, while Korea has seen cancellations rise 62.7% in early 2026.

Rescue workers in orange gear amid debris after US storm, Swiss Re catastrophe report.

Benign H1 catastrophe losses mask growing exposure — Swiss Re

August 12 2026

The reinsurer estimates changing climate patterns and rising reconstruction costs could drive insured losses up 5–7% annually.

Australian flag on a map of Australia, related to industry and geography.

Australian industry body urges broader remuneration disclosure in 2027 Brokers Code

August 12 2026

IBCCC flagged several elements of the proposed brokers code, stating that transparency, conflicts and accountability issues remain unaddressed.

Tongyang Life becomes wholly owned Woori Financial subsidiary after share swap

August 11 2026

The deal ends Tongyang Life’s roughly 17-year run as a listed company, with delisting expected at the end of August.

GIFT City skyline with SEBI building, Mumbai, India, during daytime.

MS First Capital kicks off reinsurance operations from GIFT City

August 11 2026

The move aligns with MS&AD’s international strategy to pursue growth opportunities across Asia.

The cargo ship Mayuree Naree from Bangkok with smoke rising from the engine room.

Precious Shipping receives US$10.98m war risk payout for Thai-flagged Mayuree Naree

August 11 2026

The vessel remains grounded off Iran, with war insurers exploring an as-is, where-is sale.

Aerial view of Hobart, Tasmania, with Mount Wellington in the background.

RACT named interim partner for Tasmania's TasInsure

August 11 2026

The initial three-month agreement is expected to pave the way for a five-year partnership focused on improving insurance affordability and resilience, RACT said.

Financial data and stock market graph with Indian Rupee symbol and government report context.

IRDAI mandates monthly insurer data reporting for government's service sector database

August 11 2026

Life, general, and health carriers will need to file premium, claims and investment income figures by the 15th of each month from July 2026.

Close-up map highlighting China and surrounding Asian countries like India, Nepal, and Bhutan.

Insurers begin Typhoon Dolphin payouts after storm hits eastern China

August 10 2026

Early motor and property claims have been settled in Zhejiang and Shanghai.

KDB Life building in Seoul, South Korea, with company name in Korean and English.

KDB Life draws final bids from Hanwha Life, Heungkuk Life and Korea Investment — report

August 10 2026

Samsung Life and Kyobo Life have reportedly dropped out of the final round despite preliminary interest.

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