Takaful Market Targets $63.6B by 2030 as GCC Growth Exposes a Retakaful Capacity Gap
Takaful market growth heads to $63.6B by 2030 at 11.7% CAGR as GCC mandates accelerate, while a retakaful capacity gap limits Sharia-compliant expansion.
Region
APAC
Hong Kong Revises Insurance Capital Rules to Steer Funds Into Infrastructure Projects
Hong Kong's Insurance Authority closes RBC consultation extending infrastructure capital relief to general insurers and imposing a 100% crypto charge. Implementation target: December 31,…
Korean Re Extends Solomon Re Cat Bond to Cover Israel Earthquake Parametric Risk
Korean Re's $75M Solomon Re 2026-1 cat bond adds parametric Israel earthquake coverage for the first time, expanding the ILS market's peril universe into…
QBE Reports 11% GWP Growth in Q1 2026, Reaffirms Full-Year Guidance
QBE Insurance Group grew gross written premiums 11% to $9.2B in Q1 2026 with catastrophe claims tracking $217M below first-half allowance, reaffirming its 92.5%…
SEADRIF and WFP Deploy $1.1M Parametric Policy for Lao PDR Disaster Resilience
SEADRIF and WFP deploy a $1.1M parametric policy in Lao PDR on population-impact triggers, after a $2M payout settled in six days during 2025…
India Opens Insurance Sector to Full Foreign Ownership Under 100% Automatic FDI Route
India insurance FDI cap lifted to 100% via automatic route—removing the 74% foreign ownership ceiling and opening the world's fastest-growing major insurance market to…
Malaysia’s BNM Fines Zurich Insurance RM1.56M for Letting Sanctioned Customers Through Screening
BNM fines Zurich Malaysia RM1.56M after two subsidiaries used an outdated sanctions database, failing to freeze a confirmed-match customer — a compliance failure with…
Hong Kong Private Health Insurance Spend Climbs 60% Above Pre-Pandemic Levels
Hong Kong private health insurance expenditure up 60% since 2019, driven by 70% surge in claim frequency. VHIS hits 1.4M policies but only 21%…
Japan FSA Targets Offshore Reinsurance Risk as J-ICS Solvency Era Begins
Japan FSA reinsurance oversight tightens with April 8 amendments targeting $20–30B in asset-intensive cessions to Bermuda platforms, as J-ICS makes counterparty risk a capital…
Ping An AI Agents Log RMB 30.4B in New Sales, Setting a Global Benchmark for Agentic Distribution
Agentic AI systems generated RMB 30.44 billion in new insurance sales at Ping An in Q1 2026, automating 82% of interactions — a revenue-scale…