FCA Warns Young UK Drivers: 49% Buy Motor Cover via Social Media as Ghost Broker Fraud Grows
FCA May 2026: 49% of young UK drivers buy motor insurance via social media, often from ghost brokers selling invalid policies with no FCA…
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Regulators
Pakistan Tables Insurance Bill 2026 to Break a 25-Year Regulatory Standstill
Pakistan Insurance Bill 2026 replaces a 25-year ordinance, enabling parametric cover, foreign branch entry, and RBC rules for a market at 0.7% of GDP.
House of Lords Opens Probe Into UK Insurance Pricing With Evidence Deadline Set for June 2026
House of Lords insurance inquiry launches formal probe into UK pricing transparency, consumer access and claims handling — evidence deadline June 26, 2026, with…
California FAIR Plan’s 29% Rate Hike Lays Bare the Structural Failure of Regulated Residual Markets
California FAIR Plan rate hike of 29.1% is approved for October 2026 after $2.9B–$4B in wildfire losses; 668,600 policies and $599B in exposure confirm…
World Bank Issues $200M Jamaica Hurricane Bond to Anchor Caribbean Sovereign Risk Pool
Jamaica's third sovereign cat bond closes oversubscribed at a 6.75% coupon, signaling that Caribbean parametric structures have matured into a stable ILS asset class.
Nigeria Ends Takaful-Conventional Coinsurance, Forcing Africa’s Largest Insurance Market to Choose Sides
Nigeria's NAICOM banned Takaful-conventional coinsurance effective January 2026, forcing structural market separation in Africa's largest insurance economy before domestic Retakaful infrastructure exists.
TWIA Faces $1.23B Reinsurance Gap as Coastal Texas Private Market Shrinks
TWIA's 2026 reinsurance gap of $1.23 billion exposes the structural cost of private market withdrawal from coastal Texas, where the state pool now holds…
Thailand OIC Makes Named-Driver Motor Policies and E-Claims Mandatory in 2026
Thailand OIC motor insurance mandate from Jan 2026 requires named-driver policies and e-Custodian filing with behavior-linked premiums up to 40% discount.
Japan Adds iPS Parkinson’s Therapy to Public Insurance at ¥55.3M Per Patient
Japan's iPS Parkinson's therapy enters public insurance at ¥55.3M per patient, forcing global insurers to rethink experimental exclusion clauses.
Egypt’s FRA Decision 70 Sets New Governance Floor for Takaful Across North Africa
Egypt's FRA issued Decision No. 70 in May 2026, introducing three takaful operating models and mandatory Sharia boards — a governance overhaul for a…