3IF Ventures (the Fund), the first impact venture capital fund dedicated to Africa's insurance start-up ecosystem, has announced the First Close of the Inclusive Insurance Investment Fund (3IF Ventures) at $12m.
Africa Specialty Risks (ASR), a developing markets-focused (re)insurance group, has entered into an agreement for a strategic investment by London-headquartered Vitruvian Partners, an international investment firm, which will be ASR's new lead investor.
The Indian insurance market achieved strong growth of +9.4% in 2025, with total premium income reaching $146bn as compared to $133bn in 2024 ), according to Allianz Global Insurance Report 2025.
Munich Re has announced that its cyber businesses in Africa and APAC will be led by Ms Johanna Roman. In her new role, effective 1 July 2026, she will lead the business in Australasia, Greater China and Africa.
National General Insurance Company (NGI) has a track record of strong operating performance and generated a profit after tax of AED119.2m [$32.5m] in 2025 (2024: AED127.5 m), translating to a return on equity of 17.8% in 2025 (2024: 20.9%), as calculated by AM Best.
A stark divergence between life and property insurance companies in the accident insurance branch has emerged, driven by tightening regulatory oversight, shifting sales strategies and the rise of digital ecosystems.
Pet insurance premium income has soared to at least CNY3bn ($443m) in 2025 from about CNY50m in 2020, making it one of the fastest-growing branches in the property insurance industry.
Almost all (90%) of Chinese travellers polled take into account environmental risks and extreme weather events, according to the "Global Travel Confidence Index" (GTCI) report, released by Allianz Partners. This percentage far exceeds the global average of 68%.
Lockton Sime Malaysia has appointed Mr Siva Thangavelu as COO. He brings more than 20 years of financial services experience across banking and insurance to the role.
New Zealand's insurance sector is calling on all political parties to replace the current Fire and Emergency New Zealand (FENZ) levy with a simpler Community Protection Levy, redirecting funding into reducing natural hazard risk before disasters strike while moving FENZ to sustainable Crown funding.