Takaful insurance is witnessing rapid global adoption as a cornerstone of Islamic finance. Designed as a Sharia-compliant alternative to conventional insurance, Takaful emphasises mutual assistance and shared responsibility, providing a system where participants collectively manage risk while adhering to Islamic ethical standards. Participants contribute to a common fund, which is then used to support members […]

Insurance fraud is becoming an increasingly sophisticated and globalised problem, with methods differing across regions but sharing a common thread: fraudsters are exploiting gaps in regulation, economic pressures, and natural disasters to maximise illicit gains. Experts warn that fraud is evolving faster than ever, often spanning multiple countries and jurisdictions. In many cases, claimants rely […]

Rising hostilities between the United States, Israel, and Iran are placing unprecedented pressure on the global reinsurance industry. Insurers and reinsurers are reassessing risk across multiple lines, as the Iran conflict exposes the limits of traditional reinsurance structures. Ben Rose, co-founder of Supercede, cautioned that the crisis is a crucial test of how well the […]

The United States has introduced a $20 billion government-backed maritime reinsurance programme to ensure uninterrupted commercial shipping through the strategic Strait of Hormuz. The scheme, designed to mitigate rising conflict-related risks in the region, appoints the American insurer Chubb as the lead underwriter. Announced on 11 March 2026 by the U.S. International Development Finance Corporation […]