A major cybersecurity breach has struck U.S. auto insurance provider AssuranceAmerica, exposing sensitive information of more than 6.9 million individuals after hackers targeted a company employee earlier this year. According to…
Industry experts have called for the creation of a legislative framework to strengthen catastrophe (CAT) insurance and improve risk management in regions prone to natural disasters. The proposed framework aims…
The insurance division of the Department of Financial Services (DFS) has been ranked second in the Group A category of the Grievance Redressal Assessment Index (GRAI). The recognition reflects the…
China has rolled out a new unemployment insurance scheme designed to support companies in managing layoffs and reduce the economic impact on affected employees. The program provides financial assistance to…
Allianz, one of the world’s leading insurers, has confirmed hundreds of job cuts as it accelerates the adoption of artificial intelligence (AI) and other digital technologies across its operations. The…
A prominent insurance futurist has emphasized that artificial intelligence (AI) is reshaping the insurance industry as a leveling force, rather than causing disruption. AI tools help insurers automate routine processes,…
Go Digit Life Insurance Limited (Digit Life Insurance), one of India’s leading new-age life insurance companies, announced its entry into the retirement segment, launching two variants of Digit Life Pension…
Marking another significant milestone in delivering on the true promise of insurance, Policybazaar has facilitated over ₹3,016 crore worth of term insurance claims since 2018. Despite being one of the…
US-based insurer Nationwide has inaugurated a new operations centre in Hyderabad, aimed at supporting the company’s global expansion and enhancing technology-driven insurance services. The Hyderabad facility will focus on areas…
The latest Swiss Re report projects that global insurance growth in 2026 will show a marked divergence between the non-life and life segments. The non-life insurance sector is expected to experience…