Zheshang Property and Casualty Insurance Company (Zheshang Insurance) is expected to sustain its focus on profitability, reinforced by regulatory tightening on commissions, to support underwriting performance over time, according to Fitch Ratings.
PRISM, a newly founded managing general agent (MGA), has officially launched in Singapore and Hong Kong, backed by seasoned industry professionals and specialty insurer and reinsurer Convex, as well as Efinity Insurance Solutions (EIG). A press release from PRISM stated that the company opened for business on 18 December.
Research organisation AM Best has reported that Hong Kong's non-life insurance industry has maintained profitable underwriting over the past five years. In a commentary on 18 December, AM Best said the strong underwriting performance was supported by the general liability and property damage lines of business.
The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 has been passed by both houses of Parliament.
Gross written premiums in Jordan's insurance market reached JOD732m ($1bn) in the first 10 months of the year (10M2025) compared to JOD664.5m in the corresponding period of 2024, representing a 10.2% increase.
Chubb has appointed Chris Colahan as Head of Commercial P&C Asia Pacific, effective 9 February 2026.
AM Best has maintained its stable outlook on Malaysia's non-life insurance sector, noting that regulatory initiatives designed to increase insurance penetration and the continuing de-tariffication of motor and fire insurance as the main reasons.
Sunu Assurances Nigeria has announced that its shareholders have approved a capital increase of NGN9bn ($6.2m) to meet new statutory capital requirements under a new insurance law.
India's Union Cabinet has approved a Bill which contains a provision to increase the foreign direct investment limit in insurance companies to 100% from the present cap of 74%. The Bill, cleared on 12 December by the Cabinet, covers several other amendments.
New Zealand general insurer Tower has been ordered to pay a penalty amounting to NZ$7m ($4m) for misleading representations that resulted in more than NZ$11m in overcharges to its customers.