Turkiye's insurance sector continues to contract in real terms in the first seven months of this year, according to data released by the Insurance Association of Turkiye (TSB).
Willis, a WTW business, has appointed Mr Will Sare as Head of Corporate, Australia. In his new role, Mr Sare leads Willis' P&C business across Australia.
Willis Re has appointed Mr Neil Eckert as CEO Chief Executive Officer. He will join the company upon completion of his current contractual obligations.
The general insurance industry of Australia has reported a huge increase in profits in the second quarter of 2026, with profit after income tax rising to A$2.253bn ($1.6bn) from A$637m in the first quarter.
Insurers in Hong Kong are increasingly using AI in sales and underwriting processes, with new tools designed to provide advisers with faster preliminary assessments, reported Hubbis.
BRICS member nations have called for harnessing the collective potential of BRICS to build a more self-reliant BRICS insurance ecosystem to support trade among members and enable further discussion on enhancing reinsurance capacities.
The 31st East Asian Insurance Congress opened in Tokyo yesterday evening, returning the gathering to the city where it began in 1964 for a fourth time in more than six decades. The theme, "Back to the Origin, A Bridge to the Future," called to mind the region's insurance history, the Congress' storied past and the many relationships that were built throughout its 62 years.
Sanlam, the largest insurance and financial services group in South Africa, has reported strong underlying new business growth and net client cash flows for the first six months of 2026, reflecting growth across all its African and Indian markets.
Underwriting losses incurred by India's non-life insurance's registered a sharp increase in 2025-26 surging from INR302.88bn ($3.17bn) in 2024-25 to INR452.79bn in 2025-26, recording a rise of around 50%.
Nepal may have to incur recovery and reconstruction expenses exceeding NPR723.32bn ($4.76bn) post BhoteKoshi flash floods of 26 August 2026. According to official sources the Himalayan nation suffered actual physical and economic losses to the extent of NPR408.30bn.