Gallagher Re estimated that the private insurance market and public...
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Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines...
$152 Billion and Rising: Insurance industry facing growing average annual losses from natural catastrophes
The 2025 Global Modeled Catastrophe Losses Report notes a $32...
Australia unveils privacy rule changes after Optus data breach
The changes will enable telcos to share government-issued identification documents with banks to allow them to implement enhanced monitoring for customers impacted by data breaches Australia on Thursday proposed an overhaul of consumer privacy rules that will help...
AM Best Maintains Stable Outlook on Japan Non-Life Insurance Market
While AM Best expects premium revenue to increase, mainly driven by fire, personal accident and other specialty insurance, it is probable that underlying underwriting profit will contract from a higher loss ratio for voluntary automobile insurance. Potentially higher...
Hospitals and infrastructure are most vulnerable to Cyber risks: Moody’s
“We view not-for-profit hospitals as being highly attractive, data-rich targets with average mitigation measures in place to reduce the impact of a potential cyber event,” the report said Around $22 trillion of global debt rated by Moody’s has a “high” or “very high”...
Swiss Re and Indonesia Re form partnership to support the underwriting decisions of the members Insurance Data Centre Management Agency (BPPDAN)
“Heightened risk awareness in Indonesia is fueling more demand for insurance protection. To remain competitive in a dynamic risk environment, enhancing underwriting performance and portfolio steering are key differentiators for insurance organisations,” said Monami...
South Asia’s poorest city dwellers bear brunt of worsening floods
Worrying about floods is an annual routine for the community, but environmental experts fear its residents - like marginalised city dwellers across South Asia - face even harsher threats ahead as rains becomes more erratic and intense. This summer's deadly inundation...
Florida (Re)insurers to withstand Hurricane Ian, Specialists at risk, says Fitch
Florida is expected to have substantial economic and insured losses from hurricane Ian from heavy rainfall, storm surge and flooding. Based on our initial analysis, insured losses could range from $25 billion-$40 billion for Florida, which could increase depending on...
Death toll in Florida uncertain as Ian takes aim at Carolinas
The storm transformed Florida's southwestern shoreline, dotted with sandy beaches, coastal towns and mobile home parks, into a disaster zone as Ian swept seawater into waterfront homes. Ian, one of the strongest storms ever to hit the U.S. mainland, flooded Gulf Coast...
Indian monsoon season ends with 7% excess rainfall, says IMD
Though the country as a whole has received excess rainfall, the distribution has been uneven with the desert state of Rajasthan reporting 36 per cent more rains than normal and the north-east region, which witnesses copious showers, receiving deficit rainfall New...
Australia flags tough new data protection laws this year
Australia's Attorney-General Mark Dreyfus said penalties for failing to protect personal data had to be increased so that corporate boards could not dismiss fines as a "cost of doing business." The "absolutely huge amounts" of customer data companies held for years...
Gallagher Re makes strategic appointments to further enhance service capability in Asia Pacific
Mark Morley, Managing Director, Head of Asia Pacific, commented: “As we continue to invest in the depth and capability of our offering across Asia Pacific, appointments such as these ensure that Gallagher Re is positioned to serve the evolving requirements of our...