The situation across Middle East shipping lanes has escalated sharply, with substantial operational, navigational, and insurance implications for global trade as a result of the military conflict in the region that began on 28 February.
The attacks on Iran by the US and Israel, followed by retaliatory strikes by Iran on several countries allied to the US, including the UAE and Saudi Arabia, will have a profound impact on the insurance market at large. India is also likely to be significantly impacted.
Singapore has ranked third globally in the 2026 FM Resilience Index, published by commercial property insurer FM. The index, now in its 13th year, ranks 130 countries and territories by the resilience of their business environments.
The Office of Insurance Commission (OIC) has recommended that restaurant operators consider obtaining basic insurance coverage aligned with the nature and risk level of their business.
ACE New Zealand has announced a new multi-year partnership with Gallagher, which is geared towards supporting New Zealand's consulting and engineering community with insurance, risk management and employee benefit.
The Insurers Federation of Egypt (IFE) is working to broaden the scope of sustainable insurance and advance insurance inclusion, with the aim of ensuring that all citizens have access to insurance services through a range of targeted initiatives.
The National Agricultural Mutual Fund (CNMA) has developed a new insurance scheme for agricultural activity, dedicated to covering major risks related to climate change, mainly drought, said CNMA Director General Cherif Benhabiles, specifying that this programme is designed to cover, in its first phase, the cereal sector.
Markel Insurance has promoted Mr Colin Wildey to the position of Chief Risk Officer for Markel International, subject to regulatory approval.
The Insurance Regulatory and Development Authority of India (IRDAI) has shortened the moratorium period for health insurance policies from eight years to five--a historic change in the health insurance sector in India.