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News
CNW Newswire
2+ day, 16+ hour ago (200+ words) Insurers urge stronger action to reduce flood risk and protect Ontario communities IBC Calls for Urgent Action to Reduce Flood: Flooding is Canada's most frequent and costly natural disaster, and the trend is accelerating. Over the last 20 years, flood and…...
Gooval Launches Shipping Secure Service in Partnership with Ping An P&C Insurance
2+ day, 19+ hour ago (213+ words) SHENZHEN, CHINA – EQS Newswire – 10 September 2026 – At the “The Future is Now: 2026 DTC Brands Global Growth Strategy Summit” held today in Shenzhen, Gooval officially launched its global flagship product, the “Gooval Shipping Secure Service” package. Gooval is a specialized privilege service…...
Rising shipping insurance costs prompt GCC importers to adapt transit routes
2+ day, 17+ hour ago (359+ words) | Gulf Times Gulf Times Rising shipping insurance costs prompt GCC importers to adapt transit routes Ongoing geopolitical friction in the Middle East has pushed shipping insurance costs through the Strait of Hormuz to roughly five times pre-war levels, prompting GCC…...
Saudi Arabia Shields Supply Chains with National War-Risk Insurance Pool
2+ day, 16+ hour ago (1612+ words) Trade can grind to a halt before ports close or shipping lanes are blocked. Disruption can begin elsewhere, when cargo or vessels become too costly or difficult to insure, or when markets are unable to provide adequate coverage for war-related…...
Large commercial accounts see first price drop since 2017, WTW finds
2+ day, 23+ hour ago (355+ words) Large commercial accounts posted their first price decrease since the end of 2017 in the second quarter of 2026, according to WTW's Commercial Lines Insurance Pricing Survey (CLIPS), as an eight-year run of sustained rate increases continued to unwind across the commercial…...
Underwriters say AI is saving time, not improving decisions
2+ day, 19+ hour ago (455+ words) Most senior commercial underwriters say AI has saved them time on admin. Far fewer say it has improved the quality of their decisions. That gap shapes how submissions get handled, how risks get priced, and how consistent underwriting decisions are…...
Fix credit guarantee, insurance gaps in agriculture to boost rural credit, says NABARD chief
2+ day, 23+ hour ago (350+ words) The next phase of rural financing will hinge on integrating agricultural data, expanding digital lending and strengthening risk coverage through insurance, credit guarantees and credit enhancement, National Bank for Agriculture and Rural Development (NABARD) chairman Shaji Krishnan V has said....
ASIC confirms investigation into collapsed Sphere Insurance Group
2+ day, 23+ hour ago (374+ words) "ASIC can confirm that it has commenced an investigation and has engaged with the liquidator in connection with that investigation," an ASIC spokesperson told Insurance Business. Read next: ASIC issues warning to AFS licensees ASIC declined to say whether it…...
‘Disciplined Pricing’: Saudi Arabia Tightens Motor Insurance Oversight, Protects Competition
3+ day, 36+ min ago (1711+ words) Saudi Arabia’s Insurance Authority is tightening oversight of motor insurance pricing to ensure rates are fair, sound and sustainable, while curbing practices that could undermine competition. It has also introduced six regulatory standards for motor insurance pricing, requiring insurers to…...
Gibraltar and UK together account for 32 insurer failures since 2000 — PACICC
3+ day, 3+ hour ago (401+ words) The Property and Casualty Insurance Compensation Corporation, Canada's P&C guarantee fund, has published the fourth edition of its Global Failed Insurer Catalogue, recording 1,273 insurer failures worldwide across 98 countries since 2000. The United Kingdom recorded 20 of those failures, placing it 11th globally…...