A stark divergence between life and property insurance companies in the accident insurance branch has emerged, driven by tightening regulatory oversight, shifting sales strategies and the rise of digital ecosystems.
Pet insurance premium income has soared to at least CNY3bn ($443m) in 2025 from about CNY50m in 2020, making it one of the fastest-growing branches in the property insurance industry.
Almost all (90%) of Chinese travellers polled take into account environmental risks and extreme weather events, according to the "Global Travel Confidence Index" (GTCI) report, released by Allianz Partners. This percentage far exceeds the global average of 68%.
Lockton Sime Malaysia has appointed Mr Siva Thangavelu as COO. He brings more than 20 years of financial services experience across banking and insurance to the role.
New Zealand's insurance sector is calling on all political parties to replace the current Fire and Emergency New Zealand (FENZ) levy with a simpler Community Protection Levy, redirecting funding into reducing natural hazard risk before disasters strike while moving FENZ to sustainable Crown funding.
The General Insurance Council of India is working to create a more accessible, transparent, and efficient healthcare insurance ecosystem for policyholders.
DB Insurance has announced the completion of its $1.65bn all-cash purchase of US specialty insurer the Fortegra Group from Tiptree and Warburg Pincus.
China has appointed Ms Ding Xiangqun as the Communist Party committee chief of the National Financial Regulatory Administration.
The Insurance Association of Turkiye (TSB) anticipates that, with adjustments for inflation, the Turkish insurance industry will likely report a premium volume of around TRY1.75tn ($38.12bn) this year, according to its President, Mr Ahmet Yasar.
Sukoon Insurance, a leading multi-line insurer, has announced that it has started on the first phase of its broader digital overhaul with the launch of its completely redesigned website.