Global insured catastrophe losses have exceeded $100 billion annually for six straight years, underscoring the increasing complexity of the risk environment facing insurers and businesses. Rising losses from natural disasters,…
A new industry report has warned that the rapid adoption of generative artificial intelligence is creating significant governance challenges for financial services organizations. While generative AI offers opportunities to improve…
Term insurance is emerging as a key financial planning tool among UAE-based Indian families, driven by growing awareness of the need for long-term financial protection. Financial advisors report increased interest…
General Insurance Corporation of India (GIC Re) reported a 3.27% increase in standalone net profit for the quarter ended March 2026, reflecting stable financial performance amid evolving market conditions. The…
Roots Automation Inc. has launched Bevaya, its new flagship AI agent platform designed specifically for the insurance industry. The platform leverages artificial intelligence to automate complex operational tasks, streamline workflows,…
Mahindra & Mahindra has incorporated a life insurance joint venture with Canadian financial services group Manulife, marking a significant step in expanding its presence in the financial services sector. The…
Pramerica Life Insurance today announced the launch of Pramerica Life Invest Shield, a hybrid life insurance plan that combines term-level life protection with a unit-linked investment component in a single…
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) and the Food and Agriculture Organization (FAO) have launched the first anticipatory drought insurance pilot in Lao PDR. The initiative is designed…
India’s increasingly severe and prolonged heatwaves are driving greater interest in parametric insurance, a form of coverage that pays out automatically when predefined weather thresholds are breached. As extreme temperatures…
Technology-led capabilities and customer-first processes enable seamless and hassle-free claims experience HDFC Life, one of India's leading insurers, continued its strong claim settlement performance with a Claim Settlement Ratio of…