Data from the Polish Chamber of Insurance said that local insurers aggregate gross written premium dropped by 0.5% year-on-year to almost 7.6 billion ($7.4 billion) in the first half of the year, mostly due to the more than 8% decline in life insurance premiums.
According to the Post Disaster Needs Assessment, total losses from the recent devastating floods in Pakistan have reached $28 billion.
Telecommunication companies in European countries, including France, Sweden and Germany, have raised concerns of mobile network connectivity disruptions this winter should the energy crisis in Europe lead to power cuts for telecom companies.
U.S.-based insurance broker Acrisure LLC has acquired U.K.-based specialist commercial insurance broker CRK Commercial Insurance Services Ltd.
Data from Indonesias Financial Services Authority said that credit insurance claims reached a staggering 5.7 trillion ($374 million) as of July 31, reflecting an 80% annual increase.
U.K.-based data analytics firm GlobalData PLC predicts that South Koreas reinsurance market will be worth 13.4 trillion South Korean ($11.9 billion) in 2026, in terms of gross written premiums, up from KRW9.6 trillion in 2021.
Derecho and windstorms that swept through southern Ontario and western Quebec in May caused over $1 billion Canadian ($735.3 million) in damage.
Australia-based telecommunications company Singtel Optus Pty Ltd. could face huge multimillion-dollar penalties over the latest ransomware attack that compromised the personal information of almost 10 million of its customers.
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