Insured losses are expected to be modest relative to economic losses with reinsurers expected to absorb a significant portion of the insured losses, says AM Best.
The Insurance Development and Regulatory Authority (IDRA) plans to bring major reforms in the country's insurance industry, including a crackdown on data manipulation as part of its broader plan to protect policyholder interests, reported the Financial Express.
Japan's insurance regulator has released new regulations, that will come into effect from 1 March 2028, requiring multi-insurer agencies to compare several products aligned with customer intent before making recommendations.
Home insurers may be leaving Australians exposed to higher repair costs by using cash settlements in a...
Thailand's National Tourism Policy Committee has approved a THB450 ($14) visitor levy for foreign tourist...
Income Insurance CEO, Mr Andrew Yeo, will step down from his role on 31 December 2026.