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News
‘Disciplined Pricing’: Saudi Arabia Tightens Motor Insurance Oversight, Protects Competition
4+ day, 1+ hour 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…...
CTP compliance concentrated at one insurer in SIRA’s Q4 update
4+ day, 21+ hour ago (585+ words) The State Insurance Regulatory Authority (SIRA) has published its quarterly regulatory update for the period ending June 30, 2026 – and a single insurer’s compliance record is the standout finding. For context, SIRA’s December 2025 quarterly update recorded three CTP remediation plans commencing across…...
Clients rarely see the full expert report insurers use to decide coverage, Aon claims director says
6+ day, 40+ min ago (449+ words) A related and thornier issue, Rosenbaum said, is what happens once an expert's report is actually finished. Insurers rely on those reports to determine a coverage position, but clients are typically shown only the portions the insurer chooses to share,…...
Motor Insurance Shifts To Usage-Based Pricing In India
1+ week, 17+ hour ago (304+ words) whalesbook.com The Indian motor insurance industry is undergoing a structural transformation, moving away from traditional, one-size-fits-all policies toward usage-based insurance This new approach, often called 'pay-as-you-drive,' allows premiums to be calculated based on factors such as annual mileage and…...
Curb misselling, not agents: Insurance reform needs a scalpel, not a hammer
1+ week, 2+ day ago (242+ words) India’s insurance market does need reform. It needs a scalpel, not a hammer Trump calls Iran conflict 'small potatoes' and defends Vance's position that it's not a 'war' US judge again blocks Postal Service's mail-in voting restrictions Rs 10,000-crore question…...
Insurance premiums cross Sh466b mark as penetration grows to 2.6pc
1+ week, 4+ day ago (566+ words) Kenya’s insurance industry recorded strong growth in 2025, with gross direct premiums rising 16.5 per cent to Sh466.58 billion, up from Sh400.59 billion in 2024. This is according to the Insurance Regulatory Authority's (IRA) 2025 annual insurance industry statistics report for the year ending December 31, 2025, released…...
Cash settlement claims stall five months after Cyclone Narelle
1+ week, 4+ day ago (709+ words) The ABC reported that Exmouth resident Darryl Byatt and his family have been living in a renovated shed since the category four system tore the roof and verandah off their home in March 2026. "We had concerns the insurance might take…...
Record motor profit masks a claims trend brokers cannot ignore
2+ week, 3+ day ago (649+ words) Insurance Business Record motor profit masks a claims trend brokers cannot ignore Net claims incurred in Australian domestic motor rose 22% in two years. New Youi research identifies a predictable afternoon incident window driven by fatigue, time pressure and overconfidence. For…...
Insurance sector records 665,000 complaints, travel bucking the trend
2+ week, 4+ day ago (490+ words) Insurance Business Insurance sector records 665,000 complaints, travel bucking the trend Motor volumes fell 7.8% in H2 2025 but travel rose 19%, as the FCA revised its figures following a reporting error Insurance and pure protection was the second most-complained-about financial services sector in the…...
SGI's own office floods as insurer pushes through contested rate hike
3+ week, 9+ hour ago (270+ words) Saskatchewan Government Insurance shut down its Regina head office on Friday after a burst fire suppression hose flooded the elevator shaft in the early morning hours, causing water damage across multiple floors. SGI said the hose failed on the 11th floor…...