The role of IFSCA- IRDAI GIFT City in advancing India's aspiration to become a global reinsurance hub is extremely important as India stands at the cusp of transformative growth in the vital sector of reinsurance, according to the Secretary of the government's Department of Financial Services.
Economic losses from natural disasters in APAC last year totalled at least $76bn, which is 41% below the 21st-century average, according to a new report by Aon.
Degrading ecosystems are increasing climate-related risks and coupled with nature loss and climate change are contributing to rising uninsured losses across advanced economies according to a new report.
Two major French (re) insurance groups, SCOR and AXA, have launched a new Lloyd's of London consortium dedicated to advancing ecological restoration. The consortium aims to unlock financing for ecological restoration projects by de-risking the associated investment opportunities.
A new report has said that without action, global warming is now likely to reach 2°C before 2050. This is a level associated with catastrophic impacts on societies and economies worldwide, with major disruption to water and food systems, migration, and human health.
The UAE insurance industry will witness further growth and development in 2026 and the following years, Mr Khaled Mohammed Al Badi, Chairman of the Emirates Insurance Federation (EIF) and the Gulf Insurance Federation, has said.
The Syrian Insurance Federation (SIF) and the Syrian Insurance Agents and Brokers Federation (SIABF) have been dissolved.
India's Union Cabinet has approved a Bill which contains a provision to increase the foreign direct investment limit in insurance companies to 100% from the present cap of 74%. The Bill, cleared on 12 December by the Cabinet, covers several other amendments.
The recent overlapping tropical storms and intense monsoon activity in Southeast Asia that began in November 2025 have affected over 11m people, leading to economic losses of over $30bn. The catastrophic events were driven by an unusual convergence of powerful weather systems in the region.
Ping An Insurance (Group) Company of China has launched a project to safeguard 55,000 ancient trees in China and promote biodiversity conservation for which it will leverage an innovative insurance plus technology approach.