News

Philippines' Insurance Commission fine and penalty collection jumps 86% to US$1.45m in 2025

April 7 2026

Premium collections and product sales topped PHP502bn as regulator steps up compliance enforcement.

DFC adds six new insurers to Gulf maritime facility, doubles capacity to US$40bn

April 6 2026

Liberty, Berkshire, AIG, Starr, Travelers, and CNA join the facility, while Chubb retains its role as lead underwriter.

irdai-retains-lic-new-india-assurance-and-gic-re-as-d-siis-for-fy2025-26

IRDAI retains LIC, New India Assurance, GIC Re as D-SIIs for FY 2025-26

April 6 2026

The three insurers have been retained on the D-SII list after IRDAI’s latest annual assessment of systemic risk.

gift-city-premiums-top-us1-2bn-as-ifsc-underwriting-scales-up

GIFT City (re)insurance premiums reach US$1.2bn in 2025

April 3 2026

Premium volumes written through GIFT City’s IFSC have grown more than eleven times over five years alongside a rise in the number of insurance offices.

Fitch assigns Indonesia's Candi first-time national IFS rating of 'A-(idn)'

April 3 2026

Insurer, which commenced operations in 2020, holds an approximate 0.3% non-life market share, with a three-year average COR of 97%.

steadfast-to-buy-envests-resilium-psc-connect-ar-networks-for-ausure

Steadfast to buy Envest’s Resilium, PSC Connect AR networks, fold them into Ausure

April 2 2026

The deal will see about 150 authorised representatives move from Envest to Steadfast’s Ausure network.

Nauru adopts first parametric policy

April 2 2026

The PCRIC-supported drought policy is backed by New Zealand-funded climate finance programme.

Australia passes law banning use of adverse genetic test results in life insurance

April 2 2026

The reform seeks to reassure Australians that genetic testing will not affect their access to affordable life cover.

australias-home-insurance-gap-widens-amid-surging-premiums-rising-risks

Australia’s home insurance gap widening amid surging premiums, rising risks — S&P

April 2 2026

Ratings agency notes that more households are dropping or reducing cover as living costs and extreme weather drive affordability pressures.

aon-posts-record-us785bn-reinsurance-capital-as-asia-pacific-drives-softer-1-april-renewals

Reinsurance capital hits new high, driving double-digit rate cuts in Asia-Pacific — Aon

April 2 2026

Favourable catastrophe experience in Japan, South Korea and Thailand helped drive double‑digit rate reductions and stronger buyer leverage.

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