News

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Korea adds cyber cover to co-insurance for national security facilities — Report

June 17 2026

The move brings previously uninsured cyber risks within scope for national security institutions under an expanded co-insurance framework.

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New Zealand to review Fire and Emergency insurance levy funding model

June 17 2026

ICNZ welcomed the move, saying it was a chance to reassess whether insurance levies remain the right way to fund the emergency services.

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ACCC clears Zurich’s acquisition of Beazley in Phase I review

June 17 2026

The authority found limited local market overlap between the merging parties and sufficient competition from multiple specialty insurers.

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Thai Life Insurance premiums rise 3.45% in 2025 on health and savings demand

June 17 2026

Sector posted moderate growth in 2025 across protection, savings and investment-linked products on the back of rising healthcare costs.

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Allianz Australia launches Event Response Centre to coordinate severe weather recovery

June 17 2026

The centre is designed to fast-track severe weather claims using real-time data and coordinated team responses.

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Analysts back A$7.7bn Steadfast takeover on valuation and structural rationale

June 17 2026

Strong strategic backing and softer sector valuations are supporting analyst confidence in the Steadfast takeover bid.

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Generali launches global academy to support workforce transformation

June 17 2026

The insurer is targeting strategic and technical capability development as part of ‘Lifetime Partner 27’ plan

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ICICI Lombard clarifies E20 fuel use not grounds for claim rejection

June 16 2026

India is increasing the use of ethanol-blended petrol as part of efforts to lower crude oil dependence and promote clean energy.

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Descartes gains Lloyd's coverholder status via OAK Global partnership

June 16 2026

The tie-up allows Descartes to scale parametric insurance offerings at Lloyd’s, targeting climate and emerging technology risks.

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India’s central bank eases non-banking financial companies insurance distribution rules

June 16 2026

RBI’s revised framework simplifies entry for NBFCs in insurance distribution while maintaining IRDAI-led approvals and customer protection requirements.

Shop window displays a teal-and-white humanoid robot raising its arms, with a yellow 'Please Wait Behind The Line' sign in front.

Zurich, YAS partner on embedded insurance for commercial robots

June 16 2026

The scenario-based cover targets repair costs and third-party liability for firms deploying robots across manufacturing, logistics, retail and other sectors.

India to divest up to 5% stake in GIC Re

June 16 2026

The planned stake sale in GIC Re forms part of the government’s broader divestment strategy, as the reinsurer reports reduced underwriting losses.

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