Insurance
Latest news, explainers and analysis on Insurance. Tracking 29 stories on Arth Vani.
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Latest on Insurance
California Lawmakers Block Wildfire Insurance Cost Hikes, Protect Consumer Rights
The California Senate and Assembly on August 28, 2026, voted to protect wildfire survivors' rights and reject higher insurance costs, a move praised by consumer watchdog groups. This legislative action represents a significant victory for consumers against potential premium hikes and stands against the proposals backed by Governor Newsom and utility allies.
Demotech: Tech-Driven Lawsuits Demand More Detailed Insurance Claim Data
Demotech, Inc. announced on August 24, 2026, that the rise of 'tech-enabled litigation instigation' requires insurance companies to provide much more granular, or detailed, reporting of their loss costs. This call comes as online businesses increasingly drive lawsuits, transforming the legal landscape and how insurers manage risk.
India Post RPLI Now Accessible via Scheduled Bank Accounts for Urban Migrants
India Post has expanded the eligibility for its Rural Postal Life Insurance (RPLI) scheme, allowing policyholders to pay premiums through savings accounts held with any scheduled bank. This change primarily benefits individuals who relocate from rural to urban areas, ensuring they can maintain their insurance coverage more easily.
Expert Ellie Mills Highlights Hidden Insurance Gaps for Golf Carts & Boats
Insurance expert Ellie Mills of HelloNation recently highlighted significant coverage gaps for vehicles like golf carts and boats, which are often not adequately protected by standard auto or homeowners insurance policies. The advice, issued on August 20, 2026, emphasizes the critical need for owners to review their existing coverage and consider specialised policies.
Axis-Max Life VNB Margins Surge to 23.2% on Retirement & Protection Demand
Axis-Max Life has reported a significant increase in its Value of New Business (VNB) margins, reaching 23.2%, driven by strong sales of retirement and protection-focused insurance products. CEO Sumit Madan confirmed no immediate plans for product changes, indicating a stable strategy.
Europe's Heatwaves Reveal Critical Insurance Gap for Businesses
Record heatwaves across Europe are causing significant financial losses for businesses, exposing a major gap in their insurance coverage. Many traditional policies do not adequately protect against climate-related disruptions, leaving companies vulnerable to unrecovered costs.
AI to Slash Insurance Costs by Automating Repetitive Tasks
Artificial intelligence is being integrated into the insurance sector to automate routine tasks, potentially lowering operational costs. This shift aims to free up human employees to focus on complex decision-making and customer interactions.
Ping An Estimates Over ₹747 Crore Payout for Typhoon Dolphin Claims by Aug 2026
Chinese insurer Ping An has received over 27,000 claims with estimated payouts exceeding ₹747 crore in response to Typhoon Dolphin, the 13th typhoon of the year. The company is mobilizing a rapid response to manage the significant financial impact across multiple Chinese provinces by August 11, 2026.
FM Acquires FortressFire to Bolster Wildfire Risk Modeling on Aug 10, 2026
Commercial property insurer FM announced on August 10, 2026, the acquisition of FortressFire, a specialist in physics-based wildfire risk modeling. This strategic move aims to integrate FortressFire's advanced analytics with FM's engineering and research capabilities to enhance the assessment and mitigation of wildfire risks for commercial properties globally.
Global Cargo Theft Losses Hit ₹2,500 Crore; Q2 Dip Not a Trend, Warns Expert
Global cargo theft losses reached approximately ₹2,500 crore ($304.6 million) so far this year, as reported by CargoNet, posing a significant challenge to supply chains. Despite a slight decrease in thefts during Q2, an expert warns this is not a sign of long-term improvement and risks remain high.
Sun Life Reports Double-Digit Income Growth in Q2 2026, Underlying ROE Hits 19.1%
Sun Life Financial Inc. announced strong financial results for the second quarter of 2026, achieving double-digit growth in its underlying net income. The global insurer also reported an impressive underlying return on equity (ROE) of 19.1%, driven by robust performance across its operations in Canada, Asia, and the United States.
US Insurer Globe Life Inc. Declares $0.33 Quarterly Dividend
Globe Life Inc., a prominent US-based insurance holding company listed on the New York Stock Exchange, announced a quarterly cash dividend of $0.33 per share. This declaration was made by its Board of Directors on August 6, 2026, and is payable to shareholders of record as of a future, unspecified date.
Breaking100% FDI Lures Global Insurers To India; Hanwha, Discovery Eye Opportunities
India's insurance market is attracting major global players like South Korea's Hanwha Group and South Africa's Discovery, following the government's decision to allow 100% Foreign Direct Investment (FDI) in the sector. This move is expected to intensify competition and spur acquisitions in India's under-penetrated insurance landscape, potentially benefiting retail consumers with more choices and competitive pricing.
New LaunchPlutus to Launch AI Platform for Life & Annuity Insurers on July 30, 2026, Boosting Operations
Plutus, an insurance AI company, is set to launch a new 'Agentic Platform' on July 30, 2026, designed to streamline operations for life and annuity insurance providers. Built within ServiceNow, this platform will introduce six AI-powered solutions aimed at enhancing transaction processing and overall service quality for carriers.
Lockton Unveils Global Division for AI & Cloud Infrastructure Risk Management
Lockton, a leading global insurance broker, has launched a new division specifically for managing risks associated with data centers and digital infrastructure. This initiative, announced on July 29, 2026, aims to provide integrated risk solutions for crucial technologies like artificial intelligence, cloud computing, and digital connectivity worldwide.
AI Insurtech Corgi Hits $4 Billion Valuation After Raising Funds Fourth Time This Year
Corgi, an AI-powered full-stack insurance platform, has reportedly achieved a $4 billion valuation after successfully raising capital from investors for the fourth time this year. This milestone highlights the rapid growth and significant investor interest in global insurtech companies leveraging artificial intelligence.
Financial Priorities: Key Steps Before Building Your Retirement Corpus
Before embarking on long-term retirement savings, financial experts often advise establishing a strong foundation. This report discusses the general importance of prioritising certain financial steps, though specific details from the original source were not provided.
Title Insurance: Why Protecting Property Rights Matters for Indian Homebuyers
The American Land Title Association (ALTA) is set to issue a statement on July 24, 2026, addressing proposed reductions in title insurance protections for refinance transactions in the US. This future development highlights the universal importance of title insurance for safeguarding property rights, a critical consideration for homebuyers in India.
Retirement Planning: Is a ₹2 Crore Annuity for Life Worth the Trade-offs?
Investing a lump sum in an annuity can provide a guaranteed monthly income for life, but it requires giving up liquidity and potential market gains. For Indian retirees, understanding the balance between safety and flexibility is crucial before locking in capital.
SBI Life Shares Dip 3.07% This Week: What Does It Mean For Your Investment?
SBI Life's share price saw a weekly decline of 3.07%, raising questions for investors. While short-term dips are common, it's crucial for shareholders to understand the implications for their investment strategy.
BreakingTurtlemint Fintech IPO Opens: Insurtech Player Seeks ₹883 Crore to Scale Operations
Digital insurance distributor Turtlemint Fintech has launched its initial public offering today with a price band of ₹144 to ₹152 per share. The company aims to raise approximately ₹883 crore to expand its tech-led insurance network across India.
Turtlemint Fintech Plans ₹882 Crore IPO: Growth Potential vs. Regulatory Risks
Digital insurance platform Turtlemint Fintech is seeking to raise ₹882 crore to fund technology upgrades and daily operations. While the company is growing its revenue rapidly, it remains loss-making, posing a dilemma for retail investors.
LIC Skips Exit in NSE IPO; Insurer to Retain 10.7% Stake for Long-Term Gains
Life Insurance Corporation of India (LIC) has decided not to sell its 10.7% stake in the National Stock Exchange (NSE) during its upcoming public listing. The insurance giant is betting on the exchange's market dominance and long-term growth potential rather than seeking a quick exit.
BreakingGIC Shares Fall 4% as Government Opens ₹3,088 Crore Stake Sale for Retail Investors
The Indian government is offloading a stake in General Insurance Corporation (GIC) through an Offer for Sale (OFS). While the retail window is now open at a discount, the stock saw a price dip as analysts advise caution regarding the insurance sector's current profitability.
Insurance is subject to policy terms, waiting periods, exclusions and IRDAI regulations. Read the policy wording and consult the insurer before buying. Insurance is the subject matter of solicitation. Some listings may be sponsored.