News

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

IRDAI hosts technical workshop to support Ind AS rollout

June 8 2026

Insurers have been urged to closely follow the monthly implementation roadmap and collaborate between finance and actuarial functions.

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LIC seeks more long-term investment instruments as annuity liabilities grow

June 8 2026

The insurer said it is engaging with IRDAI, RBI and SEBI as rising annuity inflows increase demand for long-duration assets.

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Magnitude 7.8 earthquake kills dozens in Philippines, triggers tsunami warnings

June 8 2026

The quake, the strongest to strike the Philippines this year, was centered at sea off Mindanao.

Red toy car perched on top of stacked banknotes, illustrating auto financing or car costs.

PE-backed insurer Kiwi General debuts in India with motor product, adviser-led strategy

June 8 2026

Co-founded by former Tata AIG CEO Neelesh Garg, the Indian start-up is eyeing a broader product rollout, including commercial vehicle and group health offerings, in the coming months.

nippon-life-taps-blackstone-for-us9-3bn-investment-management-in-private-credit-real-estate

Nippon Life taps Blackstone for US$9.3bn private credit investment strategy

June 8 2026

The companies will also engage in staff secondments and personnel exchanges to strengthen Nippon Life’s investment capabilities.

Allianz Partners to acquire nib's travel insurance business in Australia, New Zealand

June 5 2026

The agreement includes a twenty-year white-label partnership and the transfer of the Travel Insurance Direct brand.

ICA, ICNZ formalise resilience alliance as disaster costs rise

June 5 2026

The initiative creates a structured framework for collaboration on risk reduction, policy advocacy and regulatory matters.

emergence-takes-over-blue-zebra-cyber-renewals-from-july-as-the-portfolio-shifts-to-replacement-policies

Emergence Insurance acquires renewal rights to Blue Zebra cyber portfolio

June 5 2026

All Blue Zebra cyber policies will renew onto Emergence terms from 1 July 2026.

Philippine regulator PCC clears FPG–Mercantile merger worth $169m in GWPs

Nat Re posts strong underwriting performance in 2025 driving profit growth

June 5 2026

Improved underwriting performance and lower claims costs drove the reinsurer's profit growth, despite a decline in gross premiums.

asia-pacific-insurers-face-sharper-climate-driven-physical-risks-msci-study

WMO flags high risk of El Niño formation in coming months

June 4 2026

El Niño-linked weather shifts could drive higher claims and volatility across lines such as property, agriculture, and health.

japans-paypay-to-acquire-70-2-stake-in-td-financial-life-for-us840-2m

Softbank's PayPay to acquire 70% stake in T&D Financial Life for US$840m

June 4 2026

The transaction would give PayPay a direct foothold in Japan’s life sector and create new cross-selling options with its existing customer base.

ai-set-to-reshape-insurance-but-most-carriers-lag-on-readiness-am-best-survey

Indian IT firm Coforge rolls out tech platform targeting modernisation of insurance operations

June 4 2026

Nexa platform aims to streamline underwriting, claims, and product development through AI integration.

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