Saudi Re to acquire 22.5% stake in United Kingdom’s Ada Risk Holding
The Kingdom-based reinsurer said the deal would deepen its Lloyd’s market foothold and support its push into international markets Saudi…
Category: Insurance
Asia remains world’s largest life insurance market, finds Allianz Research study
Asia, marked by demographic aging, high savings rates, and less comprehensive pension systems, saw life insurance premiums growing by 9.9%…
AI search outpaces Google in concentrating insurance visibility, says Somantra study
Among the major industry players, Allianz recorded the highest combined total at 13,437 mentions across Google AI Overviews and ChatGPT…
52nd AIO Conference: Nigerian insurers asked to increase digital adoption
At the AIO Conference, insurance executives argued that the biggest challenge facing the industry was no longer product availability but…
Insurance sector holds key to AfCFTA’s free trade dream, says senior Afreximbank official
While the AfCFTA represents the largest free trade area in the world by number of participating countries, insurance penetration across…
Insurance industry grew by 7.1% in 2025, observes Allianz report
Allianz Research’s “Global Insurance Report 2026” found that while growth moderated from 2024, it remained above the industry’s 10-year CAGR…
US P&C insurance industry faces weaker growth, says report
As per Triple-I and Milliman, the sector will likely see underlying growth fall to -3.7% in the first half of…
Despite structural barriers, insurance sector embraces AI, says AM Best survey
As per AM Best, insurers continue to view system vulnerabilities and data quality issues as key challenges for AI adoption…
Bermuda-based insurer Axis Capital builds momentum reports strong Q1 growth
Axis Capital strengthened its market position through underwriting discipline and specialty insurance growth despite ongoing uncertainty across the global insurance…
Start-up of the Week: Through tailored products, Corgi powers new businesses
AI-Native Corgi, established in 2024, offers coverage for general liability, cyber liability, tech and AI liability for start-ups Business insurance…