News
Philippine insurance premiums exceed PHP 500 billion
6+ day, 6+ hour ago (710+ words) Philippine insurance premiums exceed PHP 500 billion'Insurance Business Philippine insurance premiums exceed PHP 500 billion Coverage expands while protection gap persists across economy The Philippine insurance industry recorded more than PHP 500 billion in premiums in 2025, with the latest regulatory and market data…...
Falvey differentiates products with colour strategy
6+ day, 8+ hour ago (217+ words) Falvey Insurance Group has unveiled two initiatives designed to help brokers assess cargo risks and differentiate products in a competitive insurance market. The company has introduced an interactive cargo coverage assessment tool and a colour-coded product strategy. The assessment tool…...
When “it’s insured” isn’t really: the construction head contract-policy gap
6+ day, 8+ hour ago (527+ words) The coverage gap that keeps surfacing in construction disputes on both sides of the Tasman isn't usually about whether a contractor bought insurance at all. It's about the category error embedded in many head contracts: commercial pain (delay, escalation, performance…...
Prudential Japan swamped by new misconduct complaints
6+ day, 9+ hour ago (800+ words) Prudential Japan swamped by new misconduct complaints'Insurance Business Prudential Japan swamped by new misconduct complaints It stops writing new policies during misconduct review As of Feb. 9, Prudential Life Insurance Company, Ltd. (Prudential of Japan) had received about 300 additional customer complaints…...
Brokers are embracing AI – but confidentiality risks are quietly growing
6+ day, 10+ hour ago (627+ words) Survey data showing that most brokers now use AI in some capacity confirms the technology has moved into everyday workflows. But behind the enthusiasm for tools like ChatGPT sits a harder question: what happens to the client information that brokers…...
Why do drivers in New Brunswick face larger rate increases?
6+ day, 10+ hour ago (426+ words) New Brunswick drivers facing sudden increases in auto insurance premiums may be experiencing the unintended consequences of the province's outdated regulatory system, according to an analysis by the Insurance Bureau of Canada (IBC). The issue stems from how the provincial…...
Why it's time to embrace AI
6+ day, 10+ hour ago (136+ words) Why it's time to embrace AI'Insurance Business Why it's time to embrace AI While the insurance industry may be grappling with the concept of AI, John Burkhart, of Skyward Specialty, believes it's time to embrace it. He talks about how…...
Fidelity Life updates adviser council structure and composition
6+ day, 11+ hour ago (587+ words) Fidelity Life updates adviser council structure and composition'Insurance Business Fidelity Life updates adviser council structure and composition Council seeks advisers for technology, commercial, and community insight Fidelity Life is revising the structure of its Adviser council for the 202627 term, adding…...
Porch sheds underwriting risk, keeps revenue as reciprocal model takes hold
6+ day, 12+ hour ago (531+ words) Porch Group posted a 27% gross loss ratio for 2025 in its homeowners' insurance reciprocal exchange, sharply outperforming an industry that averaged 65% in 2024 and deteriorated to nearly 79% in the first half of 2025 amid severe storms and California wildfires. The Seattle-based company reported…...
Marsh Risk Canada names new leader
6+ day, 13+ hour ago (226+ words) Marsh has promoted Michael Lewis (pictured) to president of Marsh Risk Canada, effective April 1, in a leadership move that strengthens the broker's commercial strategy at a time of heightened client demand for advisory support across complex risk environments. Based in…...