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.
The Asia-Pacific (APAC) reinsurance market is likely to remain soft in 2026, with strong capital and ample capacity continuing to drive competition and put pressure on pricing. Ratings agency Fitch Ratings says the expected soft market is likely to weigh on underwriting margins. However, conditions are expected to become increasingly differentiated by geography, line of business, risk profile and cedant loss experience.
In collaboration with the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), Suncorp has developed a new industry-standard training and certification training programme to better support home claims suppliers and subcontractors in maintaining compliance.
French health insurance specialist Alan has acquired Tanel, a digital health company based in Dakar, operating in Senegal and Cote d'Ivoire. Tanel marks Alan's entry into West Africa.
The 26 August flash floods in the country's border with Tibet could result in insured losses of over $130m, according to senior industry officials.
As risks are becoming more global and volatile, the value of reinsurance has never been more evident than it is today, according to a new report by the global reinsurer Munich Re.
A new International Alternative Solutions practice, bringing together specialist expertise to develop innovative risk and capital solutions for clients across international markets, has been launched by Howden Re.
AI data centres and renewable energy investments could generate around $200bn in cumulative commercial insurance premiums by 2030, says a new Swiss Re Institute report.
The Australian financial services regulator Australian Securities & Investments Commission (ASIC) has said that home insurers may be leaving Australians exposed to higher repair costs by using cash settlements in a significant percentage of claims.
China will expand the scope of medical insurance coverage, strengthen support for medical innovation, streamline services and tighten fund supervision during the 15th Five-Year Plan period (2026-30).