A study by New Zealand's market watchdog reveals that the insurance industry is not consistently meeting the needs of Māori, who face affordability barriers and difficulties insuring collectively owned land, leading to less coverage.
Moody’s Ratings is advocating for the US insurance industry's primary regulator, the NAIC, to implement stricter rules for private credit ratings, citing concerns about potential overstatement of credit quality.
The Central Bank of Nigeria (CBN) and Dangote Group are among the top nominees for the 2026 Almond Insurance Industry Awards, with the full shortlist and voting details now available.
Shares of Prudential and other Hong Kong insurers tumbled following reports that China plans to impose taxes on returns from offshore insurance policies. This potential tax change has sparked concerns among investors and the insurance industry.
The Nigerian Senate has repealed the outdated 1997 NAICOM Act, passing a new bill to establish a modern and tougher legal framework for the country’s insurance industry.
The Monetary Authority of Singapore is calling for feedback on a new corporate structure, protected cell companies, for the insurance sector, aiming to make complex risk management cheaper and faster.
A director at the Norwegian War Risk Insurance for Ships notes a significant increase in inquiries following the opening of the Strait of Hormuz, indicating a shift in the insurance market.
Ebelechukwu Nwachukwu, the incoming Chairman of the Nigerian Insurers Association (NIA), has unveiled a strategic blueprint for reforms. Her vision aims to boost compliance, rebuild public trust, and deepen market penetration within Nigeria's insurance sector.
An article details 'The Iron Insurance Disaster,' suggesting a specific, significant event or crisis within the insurance industry that has had notable repercussions.
India's Insurance Regulatory and Development Authority (IRDAI) is requesting a standard definition of 'claim' from the insurance industry, which is deemed necessary for determining claims ratios and underwriting profits.
The articles discuss how current insurance policies and the broader insurance industry are not adequately reflecting or addressing the realities of climate change. This indicates a significant gap between climate risks and the financial protections offered.
The article discusses a debate within the insurance industry, particularly in Switzerland, on whether the September 11, 2001 attacks should be classified as a single damage event or a series of damages for insurance purposes.
MetLife Life Insurance has revealed that its employees took over 2,400 pieces of internal information from 36 secondment destinations, amidst a series of similar incidents in the life insurance industry.
Danish acting ministers are reportedly facing significant restrictions and a backlog of urgent issues two months after the election was called. A potential crisis in the insurance industry could force two ministers to take immediate action.
The Insurance Association of Jamaica (IAJ) has expressed concern over a reported increase of up to 100% in fees within the country's insurance industry.
The Ghana Insurers Association (GIA) has emphasized the importance of preserving a competitive, transparent, and merit-based procurement system within the insurance industry to ensure fairness.
Hedge fund investments are significantly altering a traditional 180-year-old insurance model. This influx of capital is driving changes across the insurance industry.
The Ghanaian insurance industry is described as functioning more like a system of state capture and greedy monopolies rather than a competitive marketplace, with calls for a 'SIC reset'.
An article by John Sitsofe Mensah analyzes the decline of SIC Insurance PLC and the broader Ghanaian non-life insurance market, attributing its capture and struggles to the tenure of Ken Ofori-Atta.
Renowned business leader Sir Sam Jonah has outlined a bold five-point strategy to reposition Ghana’s insurance sector for growth and resilience, following his previous warnings about political interference, unethical practices, and systemic distortions plaguing the industry.
Amidst a growing home insurance crisis, there is a call for public assistance to help address the challenges faced by homeowners and the insurance industry.
By Rosemary Iwunze As the conflict involving United States, Israel and Iran escalates in the Middle-East, Nigeria insurance industry may face rising reinsurance costs. Commissioner for Insurance, Mr.
Insurance industry leaders from across Africa convened in Accra for the 4th Africa Network of Insurers Associations (ANIA) Annual General Meeting and Conference to discuss strategies for strengthening the continent’s insurance sector and enhancing its resilience.
Federal investigations into the business empire of Los Angeles Dodgers owner Mark Walter have brought scrutiny to private-equity-owned insurers. These insurers are under the spotlight for their practice of investing premiums in risky assets, raising concerns within the insurance industry.
A case revealed deep frustration and anger with America's privatized medical system, which a man named Mangione claimed failed him after a back injury, leading him to become a killer.
Catastrophic wildfires across Europe have severely affected the insurance industry, with estimated losses potentially exceeding 200 billion euros, prompting discussions about potential aid from Brussels.
The life insurance industry is experiencing a new shift as AI increasingly replaces traditional call centers, leveraging AI for speed and scale while reserving human involvement for judgment, accountability, and empathy.
The private credit sector has become increasingly intertwined with the insurance industry, with private equity reshaping life insurance. A new paper, “Private Credit's S,” further explores this development, highlighting a significant shift in financial strategies and investments and raising questions about risk and regulation.
Ghana’s insurance industry, including the NIC, has called on the public to prioritize insurance as a crucial protection mechanism following recent floods that caused widespread destruction in parts of the country.
The National Insurance Commission (NAICOM) has charged the new leadership of the Nigerian Insurers Association (NIA) to focus on prompt claims settlement, market discipline, and digital innovation to enhance the insurance industry's efficiency.
Ebelechukwu Nwachukwu, the incoming Chairman of the Nigerian Insurers Association (NIA), has outlined a strategic vision for the Nigerian insurance industry, emphasizing compliance, trust-building, and market penetration.
The US insurance industry has joined the fossil fuel industry in its efforts to avoid lawsuits over the environmental damage caused by oil, gas, and coal emissions, despite insurers being significantly affected by climate change.
Pace, a company focused on automating the back office operations for the insurance industry, has successfully raised $46 million in funding from investors Thrive and Sequoia.
An article discusses potential methods and policies for Tanzania to develop a robust and accessible insurance sector, aiming for broader economic inclusion.
The increasing adoption of artificial intelligence is creating new challenges and prospects for the insurance industry. Insurers are evaluating how to provide liability coverage for AI-related incidents.
A recent study by the German insurance industry association indicates a continued increase in the cost of spare parts and labor hours for vehicle repairs, prompting more car owners to postpone necessary service appointments.
According to Forbes, artificial intelligence by itself will not be enough to fully transform or 'save' the insurance industry, suggesting other factors are crucial for success.
In an interview, the CEO of Swiss Re explains how artificial intelligence is revolutionizing the insurance sector, predicting unprecedented productivity improvements and discussing the company's reliance on the controversial US firm Palantir.
IMANI Africa has welcomed the Ghana Insurers Association's recent statement, which reaffirms principles of competition and transparency in insurance placements within Ghana's public sector. This development is seen as constructive for the country's insurance industry and the public.
A new analysis suggests that an "inflation time bomb" is developing within the home insurance industry. Rising costs could lead to significant challenges for insurers and policyholders alike.
The article provides an outlook on the long-term care insurance market, discussing current trends, challenges, and future prospects for this segment of the insurance industry.
The President of the Insurance Brokers Association of Ghana (IBAG) stated that the broker segment of the country's insurance industry is the most severely impacted by increasing state interference.
The rapid expansion of AI data centers, fueled by significant private capital, is creating both risks and rewards for the insurance industry. Insurers are facing new challenges in assessing and underwriting the complex and evolving risks associated with these advanced technological infrastructures.
The insurance industry is exploring the use of catastrophe bonds to offload risks associated with data centers and to raise capital from alternative investors for AI mega-projects.
Renowned business executive Sir Sam Jonah has called on the local insurance industry to implement practical measures to mitigate the increasing risks associated with climate change.
Journalist Nike Popoola is set to unveil a book detailing two decades of transformation in Nigeria’s insurance industry, coinciding with Daily Economy's second anniversary.
Barclays has reduced its price target for Brown & Brown, Inc. (BRO) from $82 to $80, citing ongoing concerns about the impact of AI on the insurance industry.
Following a series of revelations in the life insurance industry regarding unauthorized removal of internal sales information from financial institutions, Aflac Life Insurance announced it has confirmed 85 similar cases.
An essay explores how Adrian Gore, a prominent figure, is transforming the insurance industry by integrating health and wellness activities into lifestyle-based insurance models.
A new report by Allianz Commercial highlights that the rapid global expansion of data centers, driven by artificial intelligence, is creating significant investment cycles in infrastructure but also new risks and opportunities for the insurance industry.
Lasaco Assurance Plc has successfully completed its recapitalisation process, fulfilling NAICOM’s new capital requirements and strengthening its market position in Nigeria's insurance industry.
Five Nigerian insurers are intensifying efforts to meet NAICOM capital rules under the new Insurance Industry Reform Act 2025, with updates on their recapi
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The insurance industry is raising an alarm, warning parents that four out of five privately owned e-scooters lack the legally required liability insurance, potentially leading to millions in compensation claims.
Pano Anthos, Founder & Managing Partner of XRC Ventures, emphasizes the critical need for AI governance, noting that the insurance industry is beginning to exclude or drop AI risk as companies struggle with managing internal architectures against external programs.
The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin of the National Insurance Commission (NAICOM), has tasked the Nigerian Insurers Association (NIA) with leading efforts to rebuild public trust in the insurance industry as it enters a new phase.
Payouts for e-bike related injuries have exceeded £110 million, contributing to a rise in car insurance premiums for motorists. The increasing number of incidents involving e-bikes is impacting the insurance industry.
State Farm agents are reportedly wary of an upcoming AI overhaul, viewing the technology as an 'unwelcome neighbor.' The concerns highlight potential challenges and resistance to technological changes within the insurance industry.
Cornerstone Insurance has unbundled its life and general insurance businesses into separate entities to comply with Nigeria’s Insurance Industry Reform Act 202.
Telematics technology is fundamentally altering how risk is assessed in the auto insurance industry, leading to more personalized and dynamic premium calculations.
The insurance industry is being highlighted as a crucial sector that could become East Africa's next major economic lifeline, offering significant growth and stability.
The 14th PIU Congress in Sopot focused on challenges related to energy transformation, the AI revolution, and the consequences of the demographic crisis, with the insurance industry seeking a new role in financing strategic investments.
An article explores the historical and economic factors that have contributed to the insurance industry becoming one of the world's largest businesses. It delves into the evolution and impact of insurance on global economies.
A satisfied Mutual Benefits customer shared his positive claims experience, encouraging greater insurance uptake in Nigeria and highlighting the reliability of the insurance industry.
The Ghana Insurers Association clarified that recent government directives on insurance placements for state-owned enterprises aim to encourage strategic business, not enforce loyalty to state insurers, backing a push for merit-based procurement.
The insurance industry has reported substantial growth, with premium income reaching N2.3 trillion. This represents a 47.3% increase, indicating a robust performance in the sector.
The Insurance Brokers Association of Ghana (IBAG) has supported IMANI Africa's petition to President John Dramani Mahama, calling for an end to politically-driven concentration of public sector insurance business.
A new report reveals that the insurance industry remains largely in the pilot phase for artificial intelligence implementation, struggling to move beyond initial trials into widespread adoption. This indicates a slow pace of technological integration within the sector.
This article explores a significant investment or strategic move, described as a "billion-dollar bet," that has reportedly reshaped the insurance industry by integrating elements of entertainment. It delves into how this transformation occurred.
A Deloitte report indicates that Ghana's insurance industry remains underdeveloped, with a penetration rate of only 1.0%, highlighting the need for improved underwriting, compliance, and transparency.
A former Sony Life employee illegally borrowed nearly 2.2 billion yen from customers and their relatives, with approximately half of the amount remaining unpaid. This incident follows similar cases of inappropriate financial dealings by employees in the life insurance industry.
The Member of Parliament for Abuakwa South Constituency and insurance expert, Dr. Kingsley Agyemang, is warning of a looming shake-up in the global insurance industry that could have serious consequences for Ghana’s already fragile insurance sector.
Bank of America estimates that the insurance industry faces a potential risk of $15 billion due to the advancements and integration of artificial intelligence.