The Philippines needs to overhaul its insurance framework by mandating home coverage and incentivising disaster-resilient construction, the Organization for Economic Cooperation and Development (OECD) says.
Orient Insurance, the largest insurer in the UAE, has chalked net profits after tax of AED836.25m ($227.71m) for the financial year ended 31 December 2025 (FY2025), according to preliminary unaudited results released by the company.
Qatar Insurance (QIC), one of the largest insurance companies in the MENA region, has reported a net profit attributable to shareholders of QAR791m ($217.3m) for the financial year 2025, rising by 9% from QAR725m in 2024.
The CEO and Chairman of Alliance Assurances has proposed that mandatory insurance requirements be extended from Nat CAT to fire, liability and transport.
IAG New Zealand, the largest general insurance company in New Zealand, has announced an insurance profit of A$268m ($189m) (1H2025: $311m) for the six-month period ended 31 December 2025.
The National Financial Regulatory Administration (NFRA), the National Development and Reform Commission (NDRC) and the Civil Aviation Administration of China (CAAC) have issued a set of "Implementation Opinions" to accelerate the establishment of a comprehensive policy framework for low-altitude insurance.
The total premiums of the Philippine insurance industry breached the PHP500bn ($8.6bn) mark in 2025, driven by consumers' increasing focus on long-term protection despite economic uncertainties.
Insurance Australia Group (IAG) yesterday announced its first-half results for the financial year ending 30 June 2026 (FY26). Australia's top general insurer also posted a net profit after tax of A$505m ($354m) for the six months to December 2025, down from the A$778m recorded in the prior corresponding period.
A heated race is currently taking place in the insurance industry to launch insurance apps on AI platforms.
Globally, the direct economic cost of Nat CAT in 2025 was estimated at $296bn, below the decadal average of $394bn (2015 to 2024) and most recent five-year average of $409bn. In APAC, the estimated economic losses were $87bn (Asia: $83bn, Oceania: $4bn), according to Guy Carpenter's "Natural Catastrophe and Climate Report", released in January 2026.