Industry news

News

Reinsurers exclude Russia, Ukraine and Belarus from polices

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Japanese insurers to continue offering war coverage for LNG carriers

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Ship insurers to stop providing war insurance for Russia and Ukraine from 1 January

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Japan asks insurers to cover LNG carriers operating in Russian waters

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IRDAI eases norms for insurance companies

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IRDAI proposes to allow insurers to invest in unlisted entities

Business

Cover Genius bags $70m Series D amidst insurtech investment drop

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India may slash minimum capital requirement to enter insurance market

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Verisk extends partnership with NICB to fight insurance fraud

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Foreign insurers have until 2023 to reduce stake in Malaysian units

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UK plans to proceed quickly with insurance regulatory reforms

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India forms fertiliser insurance pool for Russian imports

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UK and EU agree for insurance ban on Russian oil cargoes

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Marine insurance claims to rise due to Russia-Ukraine war, says Allianz

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Indian regulator increases investment cap for insurers in BFSI space

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UK begins consultation on post-Brexit insurance rules shakeup

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Ukraine asks European regulators to aid insurers in exiting Russia, Belarus

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US lawmakers urge top insurers to stop covering fossil fuels

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Insurers in talks with UK regulators to form captive units

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India amends FEMA rules to pave way for 20% FDI in LIC

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London marine insurance market classifies all Russian waters as high-risk

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Ukraine promises insurance pay-outs to ships damaged in war

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Ukraine urges nuclear risk insurers to cut business ties with Russia, Belarus

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Ukraine urges insurers to withdraw coverage of ships carrying Russian fossil fuel

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UK’s Serious Fraud Office probes insurance firms for bribery and corruption

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Tripartite project launched in Mexico to offer climate insurance

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Ukraine Crisis: Aviation insurance industry braces for unprecedented claims

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RWI underwriters taking steps to de-risk Russia-Ukraine exposure

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Ireland bans insurance price walking from July

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Russia bans re/insurance dealings with “unfriendly states”

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India may launch LIC IPO next month after volatility subsides

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Bank of Lithuania grants insurance company licence to INVL Life

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BoE calls sanctions on Russia manageable for UK’s insurance industry

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Insurance Europe terminates membership of All-Russian Insurance Federation

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Trade credit insurers withdraw from Russia and Ukraine over war tension

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China seeks insurers’ report on exposure to Russia and Ukraine

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UK to ban Russia’s access to aviation/space insurance market

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UK examining insurers’ exposure to risk from sanctions on Russia