Singapore’s property insurance sector is poised for steady growth over the coming years, driven by rising residential property prices, robust home transactions, and evolving technological and regulatory frameworks, industry analysts report. According to GlobalData, the Singapore property insurance market is expected to expand by 6.3% in 2026. In 2025, property insurance accounted for 19% of […]

South Korea’s National Police Agency has embarked on a nationwide, nine-month operation aimed at curbing the escalating financial losses in the country’s insurance sector. The initiative strengthens government efforts to dismantle organised insurance fraud rings, which experts warn pose significant risks to market stability and consumer trust. The operation, running from 2 February to 31 […]

The global cargo insurance market is confronting a rapidly evolving risk landscape, as theft and transport-related fraud within international supply chains become increasingly sophisticated. Loss patterns are shifting in both nature and scale, compelling insurers to reassess underwriting strategies, risk management frameworks and security controls. What was once a largely physical threat has now expanded […]

The Hong Kong Insurance Authority (HKIA) has reported that approximately 85 per cent of insurance claims arising from the Wang Fuk Court fire have now been settled. Out of a total of 1,218 claims, 1,032 have been closed, with around USD 66.3 million (HKD 510 million) paid to affected policyholders. The remaining 156 claims are […]

India’s ambition to transform Gujarat International Finance Tec-City (GIFT City) into a globally competitive financial centre is increasingly being reflected in concrete market developments, particularly in the reinsurance sector. What began as a policy vision is now taking tangible shape as leading international reinsurance companies signal strong interest in establishing operations within this offshore financial […]