Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
More than £1.1bn of fraudulent general insurance claims detected in 2024 - ABI
Some £1.16 billion worth of fraudulent general insurance claims were identified in 2024 – a 2% increase on the £1.14 billion detected the previous year – according to the Association of British Insurers (ABI). Insurers…
Insurance penetration continues to remain low
'By quick, fast, and just awards, the insurance ombudsman can bring the trust of the policyholders in the insurance system and insurance as a product and create a positive impact on the entire industry.' The Insurance Regulatory and Development…
Time To Raise Health Insurance Cover
'Buy early and review the sum insured regularly.' 'Combining individual or family policies with corporate cover, along with top-ups and wellness programmes, can help maintain strong health protection throughout life.' A growing number of Indians…
Hong Kong watchdog urges scrutiny of travel insurance terms amid claims disputes
Hong Kong's consumer watchdog has warned residents travelling abroad to carefully compare the scope of coverage and exclusions of different insurance plans, following complaints regarding disputes over travel insurance claims. The Consumer Council…
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Canara HSBC Life Insurance appoints Dinesh Tak as chief agency officer
Canara HSBC Life Insurance has named Dinesh Tak as chief agency officer, adding leadership capacity to support the company's effort to strengthen and expand its proprietary distribution network. In his new role, Tak will oversee the development of…
AI liability a new frontier for insurers
aae2fd08-93d8-4754-86aa-187c564710c4 Created: Nov 17, 2025 07:59 AM (Updated: Nov 17, 2025 08:07 AM) Lee Harris, of the Financial Time s, left, Christina Lucas, global director and market leader, insurance, Google; and Freddie Scarratt, insurtech…
Indian Insurers Ask Banks to Tweak Bond Trade Norms After Swings
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Insurers sound alarm over 'disaster chasers' stinging customers
, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. The rise of “disaster chasers” and “carnappers” offering repairs and insurance claims handling after…
Digital-first insurer sets sights on $30trn wealth transfer
0dd5ca6a-494f-4e90-95f4-13f84a29f28d Niall O'Hare, CEO, Triangle Life (File photograph) When Triangle Life set out five years ago to build a new life insurance business from its base in Bermuda, it had one vision: to serve high-net-worth clients…
Experts weigh in on State Farm insurance policy change affecting hundreds of thousands of households: 'Death by a thousand cuts
Extreme weather has been increasing globally as the world overheats, but certain areas are more severely affected than others. For example, coastal states like California and Florida are more prone to destructive storms. Illinois is not one of the…
Hanwha's non-life insurer faces costly claims after E-Land warehouse fire
Hanwha General Insurance faces potentially costly claims after a massive fire at a warehouse where it serves as a primary insurer, with damages estimated in the hundreds of billions of won, according to industry officials Monday. The non-life…
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How to Insure Your Engagement Ring
Insure your ring as soon as you have it to protect against loss, theft, or damage. Understand your insurance policy well to ensure it covers everything you might face, like mysterious disappearance. Regularly reappraise your ring every two to three…
How tax break is reshaping health insurance choices
When the government announced a 0% GST on retail health insurance premiums on September 22, it was welcomed as a move that would make protection more affordable. But in the weeks since, it has come to represent something far more significant. The…
Slow Claims Payouts Push Insurance Policyholders to Switch Carriers
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Kelley Erstine of Big I Arkansas on the Future of Independent Insurers
Kelley Erstine is the CEO of the Independent Insurance Agents of Arkansas, a trade association that advocates for independent insurance agencies in Arkansas. He is also a member of the University of Central Arkansas board of trustees, and he…
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