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Insurers lag climate action as disaster losses hit $280b
NewsAugust 7, 20263 min read

Insurers lag climate action as disaster losses hit $280b

Less than half of disaster losses from 2015 to 2024 were covered by insurance. Asian insurers outperformed their European and North American peers on biodiversity measures, but the global insurance…

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Prudential cuts China risk but faces margin squeeze
NewsAugust 7, 20262 min read

Prudential cuts China risk but faces margin squeeze

Participating products made up 80% of premium volume across its five largest offerings by 30 July. Prudential Plc’s transition away from interest-rate-sensitive savings products in China is providing a strategic…

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Ping An faces NBV volatility after bancassurance rules
NewsAugust 7, 20262 min read

Ping An faces NBV volatility after bancassurance rules

CGS International expects pressure to persist through the third quarter of 2026. Investors face near-term volatility in Ping An Insurance’s new business value (NBV) growth during the second and third…

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Verisk puts Kumamoto quake insured losses at up to $2.1b
NewsAugust 7, 20262 min read

Verisk puts Kumamoto quake insured losses at up to $2.1b

Ground shaking and liquefaction affected residential, commercial and industrial property. Verisk estimates insured losses from the magnitude 6.8 earthquake that struck Japan’s Kumamoto Prefecture on 28 July will range between…

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Philippine insurance commissioner suspended amidst misconduct charges
NewsAugust 7, 20262 min read

Philippine insurance commissioner suspended amidst misconduct charges

Regalado formerly served as senior counsel for the consortium’s legal representative. The Philippines’ Insurance Commissioner Reynaldo Regalado has been placed under a six-month preventive suspension without pay whilst facing administrative…

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Record reinsurance capital cuts prices for insurers
NewsAugust 7, 20262 min read

Record reinsurance capital cuts prices for insurers

Property catastrophe renewals delivered broader protection during the June and July seasons. Record levels of global reinsurance capital helped insurers secure lower prices and better coverage terms during the mid-year…

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QBE takes full control of India insurance venture
NewsAugust 7, 20261 min read

QBE takes full control of India insurance venture

The insurer will rename the business after securing regulatory approval. QBE Insurance has fully acquired Raheja QBE General Insurance Company Limited (Raheja QBE), following approval from the Insurance Regulatory and…

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Manulife’s Asia business sees profit soar 28% in Q2 2026
NewsAugust 7, 20261 min read

Manulife’s Asia business sees profit soar 28% in Q2 2026

Annualised premium equivalent volume advanced 21% to $1.50b. Manulife’s Asia business reported net income attributable to shareholders of $768m for the second quarter of the year (Q2 2026), up 28%…

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Insurance bonds beat Asia credit as Taiwan risks rise
NewsAugust 7, 20262 min read

Insurance bonds beat Asia credit as Taiwan risks rise

AIA Group accounts for about 37% of the sector index and continues to support performance. Asian investment-grade insurance bonds have outperformed the broader regional credit market so far this year,…

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Canara HSBC Life fast-tracks Assam flood claims
NewsAugust 7, 20261 min read

Canara HSBC Life fast-tracks Assam flood claims

Beneficiaries need a completed form plus identification and banking details. Canara HSBC Life Insurance has introduced a simplified and fast-track claims process for policyholders affected by the floods in Assam.…

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