News

LIC commences operations at IFSC branch in GIFT City

March 3 2026

The state-owned life insurer joins a growing number of global insurers establishing a presence in GIFT City.

Niva Bupa receives IRDAI show cause notice following inspection last year

March 2 2026

IRDAI’s notice cites alleged breaches in health insurance operations, policyholder protection, and governance.

insurance-losses-from-cyclone-alfred-total-a2-25bn-says-perils

ICA calls for A$30bn flood defence Fund on Alfred’s first anniversary

March 2 2026

The proposed fund, intended for building hard infrastructure against flooding in high-risk communities, would be co-invested by federal and state governments over 10 years.

qbe-to-become-sole-owner-shareholder-of-raheja-qbe-general-insurance

QBE to take sole ownership of India's Raheja QBE in US$35.4m buyout

March 2 2026

The move, subject to IRDAI approval, follows 18 years of the Group's joint ownership of the insurer with Prism Johnson Limited.

NFRA: China to mandate liability insurance for unmanned aerial vehicles by 2027

March 2 2026

Regulators will also require a basic framework for low-altitude aviation insurance to be established by 2030.

marine-hull-insurers-to-raise-war-risk-rates-by-50-following-us-israel-strikes-report

Marine insurers to raise war risk rates by up to 50% following US-Israel strikes on Iran — report

March 2 2026

Brokers say war risk insurers are issuing cancellation notices and preparing to hike rates for vessels in the Gulf region.

am-best-upgrades-outlook-for-icici-lombard-to-positive

AM Best revises ICICI Lombard outlook to positive on stronger balance sheet expectations

March 2 2026

ICICI Lombard also retained its B++ (Good) Financial Strength Rating and “bbb+” Long-Term Issuer Credit Rating.

AXA posts record earnings in 2025 as Asia, Africa & EME-LATAM growth outpaces other regions

March 2 2026

Insurer posted underlying earnings of €8.4bn group‑wide, with P&C and L&H both reporting 13% growth for the Asia, Africa & EME-LATAM region.

Guoyuan Agricultural Insurance assigned first-time IFS rating of ‘A-’ from Fitch

March 2 2026

Fitch said the assignment reflects insurer's satisfactory financial metrics offset by rising investment and catastrophe risks.

Thai Re receives US$7.1m after winning arbitration case against unnamed foreign reinsurer

February 27 2026

The payment settles a six-year dispute over a 2015 reinsurance agreement.

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