Vienna Insurance Group reports 1H 2023 results: GWP €7,3 bn
Vienna Insurance Group (VIG) reports strong results for the first half of 2023, presented for the first time in accordance with the IFRS 9
Insurance News
HSBC Insurance Brokerage received fund sales licence in China
HSBC Holdings said its insurance brokerage unit in China had secured a license to sell a range of investment fund products in the country
Ping An Insurance will focus on the medical and healthcare in China
Ping An Insurance will focus on the medical and healthcare industry in China, hoping to turn its coverage for the ageing society into an engine of growth
Large U.S. property insurers excludes natural disaster from insurance coverages
At least five large U.S. property insurers have told regulators that extreme weather patterns caused by climate change have led them to stop writing insurance coverages
Karen Clark & Co estimated insured losses from Hurricane Idalia at $2.2 bn
Karen Clark & Company, a catastrophe risk modeller, has estimated privately insured losses from Hurricane Idalia at close to $2.2 bn
Verisk launched ClaimSearch system against insurance fraud in Israel
Verisk announced the launch of its new ClaimSearch system in Israel. Developed in collaboration with the Israel Insurance Association
ReinaGreen: cargo insurance does not cover the risks of fruit shipping
According to ReinaGreen, standard cargo insurance policies may not provide adequate coverage for fresh fruit exporters
FSRA of Ontario established an Innovation Office for insurance services
The Financial Services Regulatory Authority of Ontario (FSRA) has established an Innovation Office to help identify, support and enable opportunities
Results for North American insurers: premium growth at 11%
GAAP results for North American (re)insurers reveals strong written premium growth at 11%, much of which came from reinsurers
K-ICS implementation will reshape South Korean insurers’ strategy
The implementation of the Korean Insurance Capital Standard (K-ICS) will continue to reshape Korean insurers’ operational strategy
Hurricane Idalia plowed into Florida. Insured losses in Florida run to $9.4 bn
Hurricane Idalia plowed into Florida’s Gulf Coast. Insured property losses in Florida were projected to run $9.36 billion
Beazley partnered with Sola Technologies and Spinnaker Insurance
Specialist insurer Beazley has partnered with Sola Technologies and Spinnaker Insurance Company to provide the first admitted parametric tornado disaster benefit insurance for homeowners
NAIC adopts change to life insurer capital & investments monitoring
Members of the National Association of Insurance Commissioners (NAIC) will adopt a change to the Life Risk-Based Capital (RBC) formula
Allianz increased business volume in 6M2023 by 4.8% to 85.6 bn euros
Allianz Group total business volume in 6M 2023 rose by 4.8% to 85.6 billion euros, driven by the Property-Casualty business segment
Insured losses from deadly Hawaii wildfires estimated $2.5-4bn
The Lahaina conflagration and Kula wildfires in early August burned between $2.5 bn and $4 bn worth of insured properties
Ledger Investing syndicated $250 mn of ILS transaction to institutional investors
Ledger Investing has announced the successful syndication of a secondary transaction to three institutional investors. The transaction of nearly $250 mn
Canadian wildfire insured losses in Q3 estimates $700mn – $1.5bn
Canadian wildfire-related insured losses in Q3 will amount to between $700 mn and $1.5 bn, but remain manageable for insurers, constituting an earnings event
2027 Indian property insurance market forcasts for premiums & growth
Indian property insurance industry’s loss ratio is expected to remain high at 75.2% in 2023. The trend is expected to continue over 2023–2027
PERILS disclosed 2nd insured loss estimate for floods in Italy for EUR 488 mn
PERILS, the provider industry-wide catastrophe insurance data, has disclosed its second industry loss estimate for the floods in the Emilia-Romagna region of Italy
Marsh acquires 100% of Honan Insurance Group by $448 mn
Marsh has acquires Honan as the US insurance broker giant seeks to expand its presence in Australia and New Zealand
QBE North America launched of Agora – medical stop loss insurance
QBE North America has launched of Agora, a group captive program with a focus on medical stop loss insurance
Rules for fair value to customers will negatively affect to UK life insurance
New rules requiring UK financial services companies to show that their prices represent fair value to customers will negatively affect life sector profitability
Cyclone Gabrielle & North Island Floods insurance loss estimated at $2.4 bn
PERILS, a provider industry-wide catastrophe insurance data, has released the third loss estimate for Cyclone Gabrielle which impacted of New Zealand
China will cracking down on corruption in the health insurance
The National Health Commission (NHC) of China has committed to cracking down on corruption in the country’s health insurance
Insurance reimbursements for medical cannabis in Germany reached €51 mn
Insurance reimbursements for medical cannabinoid products in Germany continued to grow in the first quarter of 2023
Insured losses for the Hawaii wildfires will be at $1 bn
Insured losses for the Hawaii wildfires will be at least $1 billion and will primarily affect P&C insurers
Egypt will launch the insurance pension policy in US dollars
The Egyptian Financial Supervisory Authority has announced the details behind launching the first insurance pension policy in US dollars
6 insurers allocate of $525 mn to Nuveen’s finance energy efficiency fund
Nuveen, the $1.1 trillion investment manager, have launched a new fund to give insurers access to a diversified portfolio
Allianz will serve the global commercial insurance segment as one go-to-market business
Allianz Group will serve the global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial
China’s insurers losses from floods & disasters totalled $1.4 bn
Estimated losses of the China’s insurance companies from floods and geological disasters has totalled 9.8 bn yuan ($1.4 bn)
Allianz and Munich Re renewed cover for Nord Stream 1 gas pipeline
German insurers Allianz and Munich Re have renewed cover for the damaged Nord Stream 1 gas pipeline
1 million people in the UK are now too overweight for life insurance
Even if an life insurer is willing to cover them, obese policyholders face paying up to times as much a year when compared to customers with a healthy weight
Perils released 3rd insured loss for the North Island of New Zealand floods
PERILS has released the third loss estimate for the floods across the North Island of New Zealand which occurred during the new period
Key rating drivers for U.S. P&C insurance companies
Both mutual and stock organization structure in U.S. property/casualty (P/C) insurance companies have been successful over time
Bank of England to gain powers to manage demise of UK large insurers
The UK government said it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system
David Skinn appointed as a Non-Executive Director at Prestige Underwriting
David Skinn has been appointed as a Non-Executive Director to the Board at Prestige Underwriting Services
Motor insurance industry of Malaysia will grow to $3 bn in 2027
The motor insurance industry of Malaysia is set for notable gains over the next few years, growing to US$3 billion in 2027
Aon completed a parametric insurance for Government of Puerto Rico
Aon has announced the completion of a historic parametric insurance program for the Government of Puerto Rico
Generali acquires of major asset manager Conning Holdings from Cathay Life
Generali has announced its acquisition of Conning Holdings, a global asset manager for insurance and institutional clients, from Cathay Life
Unprecedented riots in France hits to date for insurers €700 mn loss
After the start of the unprecedented riots in France, ~12000 insurance claims were reported. The total cost of claims declared to date has hit €650 mn
10 Postulates of Arsenal Insurance’s Success
Ukrainian insurance company Arsenal Insurance assets have grown more than fourfold, bonuses, and, accordingly, out payments have grown by 6.5 times
AGCS and Allianz P&C will be trade as Allianz Commercial
Allianz Global Corporate & Specialty with the insurance business of local Allianz P&C entities will be trade as Allianz Commercial
Florida’s property insurers are taking a cautious approach
Florida’s residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022
Allianz Trade introduced a new standalone fraud insurance product in the UK
Allianz Trade, the trade credit insurer, has introduced a new standalone fraud insurance product to assist businesses
Swiss Re structured and placed the issuance of $250 mn of ILS
Swiss Re Capital Markets has successfully structured and placed the issuance of USD 250 million of insurance-linked securities
Insurers suspensed of a cargo insurance Ukraine’s grain sea shipments
Marsh announced the suspension of a cargo insurance service safeguarding Ukraine’s grain shipments through a secure sea route
Global Agricultural Insurance Market will grow to $65.7 bn up to 2030
The global Agricultural Insurance Market is expected to witness significant growth at a CAGR of 7.1% during the forecast period of 2023-2030
Florida’s insurance market experienced difficulties – insurers decreases coverage
Florida’s insurance market has experienced difficulties in recent years, with some private insurers becoming insolvent, and others choosing to halt coverage
How new bills will reshape the Illinois health insurance market?
Two new bills are likely to fundamentally reshape the Illinois health insurance market. The bills aim to increase insurance affordability and access
AXA XL launched the Excess Emissions Insurance
AXA XL, a specialist risk division under the global insurance company AXA, has launched a new product – the Excess Emissions Insurance
French AXA Group discusses strategic options for XL Re
French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing
White House’s proposal places restrictions on short-term US health insurance
The Biden-Harris Administration is expected to propose a new regulation cracking down on short-term health insurance plans
Rural insurer FMG paid $120 mn in claims relating to Cyclone Gabrielle
Rural insurer FMG has paid out more than $120 million in claims relating to Cyclone Gabrielle. The insurer has settled 43% of the 10,500 claims
Insurance industry adopts real-time payments for B2B transactions
Insurance companies are increasingly embracing real-time payments for business-to-business (B2B) transactions, viewing them as essential to success
London High Court judge combines claims $10 bn for aircraft owners against insurers
Lessors have not received any insurance payments for planes stranded following sanctions on Russia, and are suing insurers across several jurisdictions, including London
Verisk indicates that 45% of risks insured for flooding loss
Verisk, a data analytics provider, has revealed in a recent report that only a small percentage of damage to insured assets caused by the May floods in Italy
Net-Zero Insurance Alliance eliminated all requirements for Insurers
The Net-Zero Insurance Alliance (NZIA) has eliminated all requirements for its members to establish and disclose targets for reducing greenhouse gas emissions
Finregulators warns insurers for promoting cancer insurance after Fukushima disaster
Financial Supervisory Service of South Korea warns to certain insurers in the country for promoting insurance sales based on the Fukushima nuclear disaster
MetLife makes new leadership appointments in MetLife Investment and MetLife Holdings
MetLife has announced that Steven J. Goulart, Chief Investment Officer and President of MetLife Investment Management
WTW announced a collaboration with global law firm Clyde & Co
WTW, a leading global advisory, broking and solutions company, has announced a collaboration with global law firm Clyde & Co
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds