Malaysian insurance market will reach $27 bin in 2026
Led by the life insurance and pension segment the Malaysian insurance industry will reach $26.7 billion in 2026.
Insurance News
Catastrophe losses and pandemic risk have fuelled an increase in insurance protection
Reinsurance earnings will be strengthened by increasing prices and higher investment income amid rising interest rates
Reinsurance pricing will remain strong regardless of a hurricane season
Analysts at Morgan Stanley have said reinsurance pricing will remain strong regardless of a potentially benign hurricane season in 2022
Insurers estimates that $5.3 bn is the cost of floods in Australia
The Insurance Council of Australia (ICA) has estimated that $5.28 billion is the cost of this year’s floods across South-East Queensland and northern New South Wales
UNIQA Insurance Group generated earnings of EUR 169 mn
In 1H2022, the UNIQA Insurance Group generated earnings before taxes of EUR 169 million, by 22% lower y-o-y, under the impact of the exposure to Russian bonds
Insurers distanced from EACOP, crude oil pipeline Uganda-Tanzania
A number of European insurers have ruled out underwriting a proposed crude oil pipeline linking Uganda’s oil fields with the Tanzanian port of Tanga
Why average net combined ratio from P&C reinsurance deteriorated?
Europe’s big four average net combined ratio from property and casualty (P&C) reinsurance deteriorated to 98.9% from 95.5% a year earlier
Results of the driver awareness and road accidents survey by Polish Chamber of Insurance
Driver awareness survey organized by the Polish Chamber of Insurance (PIU) consider that speeding by 30 km/h is not dangerous despite being one of the main causes of road accidents
Cyber insurtech At-Bay is acquiring startup Relay – digital placement solution
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider which is enabling the digital transformation of commercial insurance
European insurers call for greater clarity and improvements to draft IAIS criteria
Insurance Europe has responded to a consultation conducted by the International Association of IAIS on draft criteria to assess whether the Aggregation Method
Ping An Insurance launches PingAn-3, the company’s first earth observation satellite
Ping An Insurance Company of China has launched PingAn-3 – also known as Taijing-1 01 – the company’s first earth observation optical remote sensing satellite
Rising inflation in Europe will hurt the profitability of insurers
Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in the last 25 years, will hurt the profitability of general insurers over the next two years
Russia-Ukraine war is driving conservative reserving in global reinsurance
Greater uncertainty arising from global issues, like the COVID-19 pandemic and the Russia-Ukraine war, is driving more conservative reserving approaches in the global reinsurance industry
Aflac launches short-term disability product with mental health coverage
Insurer Aflac announced the launch of its newly enhanced Aflac Individual Short-Term Disability Insurance. The company’s income protection insurance product
The new factors driving growth in the US property & casualty insurance market
Lloyd’s provides an update on the factors driving growth in the US property & casualty (P&C) insurance market.
Which leading insurance price comparison websites dominate UK’s Car Insurance Market
four price comparison websites—Compare the Market, GoCompare, MoneySuperMarket and Confused—dominate the UK’s motor insurance market
Heatwaves & weather-related events account for 11% of home insurance claims
Scorching weather coupled with a lack of rain will create the perfect conditions for wildfires in the UK, and insurers should brace themselves for a rise in home insurance claims
US mortgage insurance underwriting results were strong – Fitch Ratings
Fitch Ratings analysis shows that US mortgage insurance underwriting results in 1H22 were particularly strong as current-year loss activity is in line with pre-pandemic periods.
Inflation Reduction Act (IRA) of 2022 will benefit U.S. Health insurance industry
AM Best is of the view that the Inflation Reduction Act (IRA) of 2022 contains several important provisions for the health insurance industry
NAIC pass a new regulatory standards for the pet insurance industry
The National Association of Insurance Commissioners members pass a Pet Insurance Model Act to establish appropriate regulatory standards for the pet insurance industry
Insurance sector codes in the Bermuda Monetary Authority Act 1969 revised
Insurance sector codes in the Bermuda Monetary Authority Act 1969 have been revised as part of the passing of a bill to amend the BMA Act by adding
Cigna with Oscar expands small business health insurance into the Philadelphia
Cigna Corporation is to expand its Cigna + Oscar small business health insurance into the Philadelphia metro area
Reinsurers continue to actively shrink property cat exposures to avoid perils
A recent AM Best report suggests that companies continue to actively shrink their property cat exposures to avoid perils and reduce volatility
GlobalData warnes insurers to brace themselves for a rise in home insurance claims
Extremely high temperatures coupled with a lack of rain are set to create perfect conditions for wildfires across the UK.
How prolonged economic weakness will impact overall demand for insurance?
Prolonged economic weakness resulting from the energy crisis will impact overall demand for insurance and drive claims costs higher
State Farm announced the expansion of Digital Pay to include insurance claim payouts
U.S. insurer State Farm announced the expansion of its Digital Pay solution to include claim payouts delivered instantly into a customer’s PayPal account
Demex Group launches parametric snowfall insurance program
The Demex Group is announcing the launch of snowfall insurance underwritten by Evanston Insurance Company, a subsidiary of Markel
Stable outlook on the Malaysian Non-Life Insurance Market
The Malaysia non-life insurance market has shown modest expansion, with a five-year average compound annual growth rate of 1.8% in terms of gross premium written from 2017-2021
Florida’s Homeowners Insurers are Facing Fraud Schemes & Underwriting Losses
An issues brief published by the Insurance Information Institute has affirmed that the turmoil in Florida’s homeowners insurance market is due to fraud schemes
Australia Insurance Market Forcast: $73.6 bn premium in 2026
GlobalData has projected that the value of the general insurance industry in Australia could rise to around US$73.6 billion in 2026.
Hungary’s Insurance Market Forcast: $5.7 bn premium in 2025. Industry grows at 6.3% CAGR
Hungary’s insurance industry is projected to grow at a compound annual growth rate (CAGR) of 6.3% from $3.91 bn in 2020 to $5.7 bn in 2025
Insurtech Modern Life launches $15mn of seed funding by Thrive Capital
Modern Life, a tech-enabled life insurance brokerage for advisors, has launched with $15mn of seed funding led by Thrive Capital
European insurers supportes the transition to a more sustainable economy
Insurance Europe and the CFO Forum have made a number of recommendations including the urgent need for a phased introduction
US Insurer Nationwide to launch with Insurtech Brella a new health insurance
Insurance giant Nationwide has partnered with insurtech Brella to launch a supplemental health insurance plan that covers out-of-pocket expenses
Sun Life Financial sells SLF of Canada UK to Phoenix Group Holdings
Sun Life Financial has entered into an agreement to sell SLF of Canada UK Limited to Phoenix Group Holdings, Headquartered in London
Global Indemnity agreed to sell American Reliable Insurance Company to Everett Cash Mutual
GBLI (Global Indemnity Group) announced that its subsidiary American Reliable Insurance Company has sold its Farm, Ranch, and Equine book
Aviva to acquire MGA Azur Underwriting – high-net-worth personal lines business
Aviva has signed a binding agreement with specialist MGA Azur Underwriting to acquire its high-net-worth personal lines business in the UK and Ireland
Inefficiencies in underwriting costing the Global insurance industry $160bn by 2027
$170bn of insurance premiums could be at risk in the next five years due to poor claims experiences, with process inefficiencies in underwriting potentially costing $160bn
Allstate announced in Q2 2022 $1 bn net loss, compared prior $1.6 bn income
Allstate has announced a second quarter net loss applicable to common shareholders of $1.04 billion, compared to an income of $1.6 billion in the prior year quarter
S&P reports about operating conditions for P&C insurers in emerging markets
S&P Global Ratings report that persistent pressures from inflation, tightening financial conditions and slower economic growth in China and other markets
Berkshire Hathaway delivered $581 mn insurance & reinsurance underwriting result
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, had another very successful quarter in its P&C reinsurance business in Q2 2022
Financial holding Eurohold sold Avto Union and Eurolease Group
Bulgarian financial holding Eurohold announced it signed a contract for the sale of 100% of the capital of its subsidiaries Avto Union and Eurolease Group… Read More »Financial holding Eurohold sold Avto Union and Eurolease Group
Insurance Europe and EC proposal for European Health Data Space
Insurance Europe has responded to a consultation conducted by the European Commission on its proposal for the establishment of a European Health Data Space (EHDS). The proposal… Read More »Insurance Europe and EC proposal for European Health Data Space
Insurance Market Index: Global commercial insurance prices increased 9%
Global commercial insurance prices increased 9% in the second quarter of 2023, down from an 11% increase in Q1, according to the latest Global Insurance… Read More »Insurance Market Index: Global commercial insurance prices increased 9%
Insurance claims in Louisiana from damage related Hurricane Ida exceedes $13 bn
Insurance claims in Louisiana from damage related to last year’s Hurricane Ida have exceeded $13 billion through June 30th. State officials said that 185 buses… Read More »Insurance claims in Louisiana from damage related Hurricane Ida exceedes $13 bn
NN Group completed the sale of the life insurance subsidiary of AAV to NN Life & Pensions
NN Group, ABN AMRO Bank and their joint venture ABN AMRO Verzekeringen (AAV) announce today that they have completed the sale of the life insurance… Read More »NN Group completed the sale of the life insurance subsidiary of AAV to NN Life & Pensions
Three new members will join the Board of Directors of Bulgarian Euroins Insurance Group
New members will join the Board of Directors of Bulgarian Euroins Insurance Group (EIG), the insurance subholding of Eurohold. They are Todor Danailov, Kremena Pateva… Read More »Three new members will join the Board of Directors of Bulgarian Euroins Insurance Group
Players Health Launches Sports Insurance Product
Players Health, an innovative sports platform and insurtech MGA, today launched a unique insurance product enabling amateur and professional sports teams to buy comprehensive insurance… Read More »Players Health Launches Sports Insurance Product
Fairfax Financial Holdings announces net loss of $881mn
Fairfax Financial Holdings has announced a net loss of $881.4m in Q2 2022 after net earnings of $1,201.4m in the same period the year before.… Read More »Fairfax Financial Holdings announces net loss of $881mn
Global estimated insured losses from natural catastrophes at $35 bn
Floods and storms drive global insured catastrophe losses of USD 38 billion in first half of 2022, Swiss Re Institute estimates
Coface posted a net income of €78 mn, Trade Credit Insurance premiums grows by 16%
Coface has reported H1 2022 income of €144.4m in its latest results. Turnover in the period of €895m. Trade Credit Insurance premiums were growing by… Read More »Coface posted a net income of €78 mn, Trade Credit Insurance premiums grows by 16%
Insurance framework should focus on regulatory field & control consumer`s data
Insurance Europe stressed the importance of respecting the principle of “same activities, same risks, same rules” and the need true field
Zurich Insurance has seen a ‘sharp increase’ in fraudulent insurance claims
Zurich Insurance has warned of “a sharp increase” in the number of insurance fraud cases it receives, echoing calls that the cost-of-living crisis
Insurers will cover ships that export Ukrainian grain only by arrangements navy escorts
Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy… Read More »Insurers will cover ships that export Ukrainian grain only by arrangements navy escorts
Insurance Sector is not Exposed to the Business Interruption Losses due to Russian Gas cut-off
The insurance sector is not materially exposed to the business interruption losses that could arise due to a cut-off in Russian gas supplies to Europe,… Read More »Insurance Sector is not Exposed to the Business Interruption Losses due to Russian Gas cut-off
UK Motor Insurance Results & Forcasts: Claims Inflation & Premiums Accelerates
Motor insurers last year recorded a Net Combined Ratio (NCR) of 96.6%, according to EY’s latest UK Motor Insurance Results
Surplus Lines Insurance Premiums Exceeded $31 bn (+32%)
Surplus lines insurance premiums exceeded $31 billion, and premium bearing transactions neared 2.8 million, according to the report of the US Surplus Line Service and… Read More »Surplus Lines Insurance Premiums Exceeded $31 bn (+32%)
Willis Towers Watson has Issued a Statement on Solvency II Insurance Reforms
Willis Towers Watson has issued a statement on Solvency II reforms, saying that the package of reforms under consultation has the potential to create clear… Read More »Willis Towers Watson has Issued a Statement on Solvency II Insurance Reforms
Insurer`s damage from large wildfires in Europe has a 75% jumped
Damage from large wildfires in Europe has jumped dramatically, with a 75% increase in the amount of land burnt in the last year. The countries… Read More »Insurer`s damage from large wildfires in Europe has a 75% jumped
DMD rules need to ensure consumers can easily access insurance protection
Insurance Europe has submitted its response to the EC consultation on its proposal to repeal the Directive on Distance Marketing of Consumer Financial Products (DMD) and to… Read More »DMD rules need to ensure consumers can easily access insurance protection
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