Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
China to pump $54bn into state banks and insurers to boost economy
China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country's financial system and boost its slowing economy. The cash injection, which is being led by China's finance ministry…
China to pump $54bn into state banks and insurers to boost economy
CFOTO/Future Publishing via Getty Images Peter Hoskins Business reporter China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country's financial system and boost its slowing…
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How weather and seasonal damage claims are assessed by insurers
Insurers often see an increase in claims every year when the monsoon comes or a sudden hailstorm sweeps through the city. However, most of them do not treat these claims the same way as a standard accident claim. That's because the cause of damage…
China insurer capital injections could boost stock investments, analysts say
Beijing's plan to inject capital into big state-owned insurers is expected to ease capital constraints and solvency pressures that have held back insurers from investing more long-term funds into the stock market, analysts said. SCROLL TO CONTINUE…
Ganpati Pandal Insurance Demand Surges
Oriental Insurance has insured around 100 Ganesh pandals this year compared with only 20-30 last year. Demand for insurance among Ganpati pandals has risen sharply this festive season, with organisers becoming increasingly conscious of risks from…
Another rate hike, just for insurance: Five questions for the ECB
By Dhara Ranasinghe and Stefano Rebaudo The European Central Bank is widely expected to hike interest rates on Thursday, erring on the side of caution as the U.S.-Iran war drags on, keeping oil prices high and raising inflation again. Brent crude…
Hang Seng dips 237 points as insurers, banks weigh, chip stocks extend rally
Hong Kong stocks closed lower on Monday, weighed down by losses in insurers and banks following Beijing's new multibillion-yuan capital injection plan, while chip makers continue to rally. SCROLL TO CONTINUE WITH CONTENT The benchmark Hang Seng…
Natural disasters insurance bill could top $300bn: Swiss Re
Natural hazards in particular – such as gales, droughts and forest fires – are likely to drive up costs further. Swiss Re's experts expect insured natural catastrophe losses to rise by between 5% and 7% annually. Model calculations…
The supply crunch writing off cars early and jacking up insurance premiums
Easily repairable cars are increasingly being written off after minor accidents due to delays in sourcing replacement parts from vehicle manufacturers, Australia's peak mechanics body says, as insurers concede that the barriers to repair are…
This IIHS Top Safety Pick Winner May Also Cost The Most To Insure
Let's start by separating the what from the why. The top safety pick in question is the Tesla Model 3. The Insurance Institute for Highway Safety (IIHS) has a tiered system for rating the safety of a car. The Top Safety Pick+ is its highest score.
Winona-Rochester Diocese Insurer Pays $30M Abuse Settlement
U.S. Fire Insurance has agreed to pay $30 million to 145 survivors of clergy sexual abuse connected to the Catholic Diocese of Winona-Rochester, ending a years-long standoff that forced three separate juries in Olmsted and Winona counties to decide…
Insurance Claims Lose the Paper Chase as AI Gets to Work
The shift is happening inside the world's largest reinsurers, inside U.S. state insurance regulators, and inside the banks and carriers deploying agentic AI to automate the functions that have historically consumed the most time and introduced the…
EQT bets on long-term trends in insurance broking with McGill; Altor exits Flex IT to Eurazeo's T1A
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ITAT upholds 'clean slate' principle under IBC in IndusInd General Insurance vs IT case
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an over decade of tax disputes against IndusInd General Insurance Company Ltd (formerly Reliance General Insurance Company Ltd) in a ruling that has a significant bearing on…
Hair-loss treatment stocks emerge as Korea's latest market theme
Hair-loss treatment stocks have emerged as the latest theme in Korea's equity market, drawing investors searching for the next big pharmaceutical trade after the boom in obesity drugs, market watchers said Monday. Shares of JW Shinyak and Samik…
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