News
Venezuela quake economic losses to top $10bn: Verisk
7+ hour, 50+ min ago (136+ words) Insurance Day Venezuela quake economic losses to top $10bn: Verisk The country's insurance sector remains relatively small and highly concentrated compared with many global markets Insured losses remain uncertain due to low insurance penetration, inflation and sanctions-related market complexity # View full…...
Global P&C premium growth slows in 2025
1+ mon, 6+ day ago (136+ words) Insurance Day Global P&C premium growth slows in 2025 Premium growth slows sharply in North America, while Western Europe remains resilient Property and casualty insurance premiums grew by 3. 8% to "2. 32bn last year, Allianz report finds, as pricing normalises after boom years…...
India parliament may consider insurance bill late this year
9+ mon, 2+ week ago (14+ words) Finance minister 'hopes' to introduce bill to allow 100% foreign ownership at winter session...
Construction guarantees are subject to the South African Insurance Act
1+ mon, 1+ week ago (136+ words) Insurance Day Construction guarantees are subject to the South African Insurance Act Case has significant implications for the South African insurance market South African court ruling settles long-contested question about whether construction guarantees constitute non-life insurance policies # View full table…...
Tariffs remain top political risk concern despite Middle East conflict
1+ mon, 3+ week ago (149+ words) Insurance Day Tariffs remain top political risk concern despite Middle East conflict "While conflict in the Middle East dominates the headlines, the effects of tariffs continue to dominate business concerns," said Willis"s Sam Wilkin Many businesses found rising tariffs…...
Damage models "fall short" in assessing climate risk
4+ mon, 3+ week ago (173+ words) New report by the University of Exeter and Carbon Tracker calls for "recalibration" of climate risk analysis in governance, supervision and investment practice Damage models "fall short" in assessing climate risk "For financial institutions and policymakers relying on these models,…...