#insurancenews — Public Fediverse posts

Re/insurance claims in transition: Navigating legal shifts, emerging risks, and the road ahead

‘We must continue to raise awareness of the financial burdens that legal system abuse imposes’ In light of…
#Germany #DE #Europe #EU #Europa #MunichRe #claims #insurancenews #Leadership #MunichReinsurance
https://www.europesays.com/germany/107585/

European business leaders agree on big risks, but clash on strategy: WBN

Business leaders across Europe share the same top worries, but disagree sharply on the pace at which they…
#Europe #EU #AI #Cyberrisks #European #geopolitics #Insurancenews #WBN #WorldwideBrokerNetwork
https://www.europesays.com/europe/153406/

RiskScan 2026: Aligning perspectives on emerging risks and resilience

‘No single organization can address these challenges alone. Partnerships play a critical role’ US insurance buyers and sellers…
#Germany #DE #Europe #EU #Europa #MunichRe #Culture #insurancenews #Leadership #MunichReinsurance
https://www.europesays.com/germany/102242/

https://www.europesays.com/be/40324/ HDI Global Belgium establishes aviation underwriting team for Benelux and Southern Europe #aviation #Belgium #HDI #InsuranceNews

European Commission launches Climate Insurance Alliance

With only around 25 % of catastrophe losses in Europe covered by private insurance, the European Commission has…
#Europe #EU #European #EuropeanCommission #heatwaves #Insurancenews #protectiongap #wildfires
https://www.europesays.com/europe/141611/

https://www.europesays.com/uk/1211036/ European Commission launches Climate Insurance Alliance #EU #Europe #European #EuropeanCommission #EuropeanUnion #Heatwaves #InsuranceNews #ProtectionGap #Wildfires

https://www.europesays.com/ch/132403/ Geopolitics and financial fragmentation threaten global insurance markets: Geneva Association #Geneva #geopolitics #InsuranceNews #TheGenevaAssociation

HDI Global names Philip Beblo as new Global Head of Property Underwriting

HDI Global, a Germany-based corporate and specialty insurer and part of the Talanx Group, has appointed Philip Beblo…
#Germany #DE #Europe #EU #Europa #Talanx #HDIGlobal #insurancenews #Peoplemoves
https://www.europesays.com/germany/81276/

https://www.europesays.com/3199515/ Aon appoints Brad Lorimer as CEO of Canada #AonNews #Canada #InsuranceNews #PeopleMoves

https://www.europesays.com/3199515/ Aon appoints Brad Lorimer as CEO of Canada #AonNews #Canada #InsuranceNews #PeopleMoves

https://www.europesays.com/ch/113973/ Insured nat cat losses fall to $42bn in H1’26: Swiss Re #ClimateRisk #InsuranceNews #NaturalCatastrophe #SevereConvectiveStorm #Swiss #SwissReNews #Switzerland

Climate-driven SCS to reshape how insurers price risk: First Street https://www.byteseu.com/2264859/ #Climate #ClimateChange #FirstStreet #GlobalWarming #InsuranceNews #Losses #SCS #SevereConvectiveStorm

S&P revises AXA’s outlook to positive, affirms key ratings

S&P Global Ratings, a provider of credit ratings, research, and risk analysis, has revised its outlook on AXA…
#France #FR #Europe #EU #AXA #Insurancenews #ratings #ReinsuranceNews #S&PGlobalRatings
https://www.europesays.com/france/62330/

France and Spain fires expected to have limited impact on European insurers ‘26 earnings: Fitch

The ongoing fires in France and Spain are expected to have a limited impact on the 2026 earnings…
#France #FR #Europe #EU #FitchRatingsnews #Insurancenews #Spain #Wildfires
https://www.europesays.com/france/60826/

France and Spain fires expected to have limited impact on European insurers ‘26 earnings: Fitch

The ongoing fires in France and Spain are expected to have a limited impact on the 2026 earnings…
#Europe #EU #European #FitchRatingsnews #France #Insurancenews #Spain #wildfires
https://www.europesays.com/europe/108587/

France and Spain fires expected to have limited impact on European insurers ‘26 earnings: Fitch https://www.byteseu.com/2248772/ #FitchRatingsNews #France #InsuranceNews #Spain #Wildfires

Europe’s largest insurers deliver steady premium growth and improved solvency in 2025, MAPFRE reports

MAPFRE Economics, the research arm of Spain-based global insurance group MAPFRE, has reported in its latest assessment of…
#Spain #ES #Europe #Europa #EU #Mapfre #Europeaninsurers #Insurancenews #lifeinsurance #non-life
https://www.europesays.com/spain/58597/

MSIG Europe appoints new leaders to drive growth in France and Italy

MSIG Europe, the European insurance platform of MSIG Insurance Europe AG and part of the global MS&AD Insurance…
#Italy #Europe #Europa #EU #Insurancenews #MSI #MSIG #Peoplemoves
https://www.europesays.com/italy/34038/

MSIG Europe appoints new leaders to drive growth in France and Italy

MSIG Europe, the European insurance platform of MSIG Insurance Europe AG and part of the global MS&AD Insurance…
#Europe #EU #European #Insurancenews #MSI #MSIG #Peoplemoves
https://www.europesays.com/europe/98847/

https://www.europesays.com/ie/589936/ Moonrock Insurance names Rory Galloway as Chief Data and Actuarial Officer #Éire #IE #InsuranceNews #Ireland #Moonrock #PeopleMoves #Technology

https://www.europesays.com/uk/1093473/ Millions of UK families have legal protection – so why aren’t some using it? #Britain #England #GreatBritain #InsuranceNews #LegalAidUK #LegalInsurance #NorthernIreland #Scotland #UK #UnitedKingdom #Wales

Millions of UK families have legal protection – so why aren’t some using it?

“Firstly, there are over 100,000 people who choose to use the resources available to them,” explained Haynes. “So…
#NewsBeep #News #UnitedKingdom #GB #GreatBritain #Insurancenews #legalaidUK #legalinsurance #UK
https://www.newsbeep.com/uk/695253/

Millions of UK families have legal protection – so why aren’t some using it?

“Firstly, there are over 100,000 people who choose to use the resources available to them,” explained Haynes. “So…
#UnitedKingdom #UK #Europe #EU #GreatBritain #Insurancenews #legalaidUK #legalinsurance
https://www.europesays.com/3134541/

https://www.europesays.com/3134541/ Millions of UK families have legal protection – so why aren’t some using it? #GreatBritain #InsuranceNews #LegalAidUK #LegalInsurance #UnitedKingdom

Markel Canada names Marc Copland as VP, Product Line Leader – Property

Markel Insurance, the insurance operations of Markel Group Inc., a specialist insurer providing commercial insurance products and services…
#Canada #Insurancenews #MarkelInsurance #Peoplemoves
https://www.europesays.com/canada/131858/

https://www.europesays.com/ch/101126/ AI infrastructure investment is reshaping commercial risk pools: Swiss Re #AI #ArtificialIntelligenceInInsuranceAndReinsuranceNews #DataCentre #InsuranceNews #ReinsuranceNews #Swiss #SwissReNews #Switzerland

Linda Langenberg appointed Head of Section Property Treaty Global Clients and Lloyd’s at Munich Re

Munich Re, one of the world’s leading reinsurance, primary insurance and risk solutions providers, has appointed Linda Langenberg…
#Germany #DE #Europe #EU #Europa #MunichRe #insurancenews #MunichRenews #MunichReinsurance #Peoplemoves
https://www.europesays.com/germany/51289/

RGA expands Japan reinsurance activity through two coinsurance agreements

RGA, a global life and health reinsurance company supporting insurers with risk management and financial solutions, has completed…
#EuropeSays #Japan #JP #Insurancenews #RGA #riskmanagement
https://www.europesays.com/japan/55152/

https://www.europesays.com/ch/99309/ A shared understanding of risk is key to building resilience: Swiss Re’s Lot #ExtremeHeat #InsuranceNews #ReinsuranceNews #Swiss #SwissReNews #Switzerland

https://www.europesays.com/ch/96139/ Swiss Re CorSo appoints new Head of Commercial Growth Initiatives for Alternative Risk Transfer #InsuranceNews #PeopleMoves #Swiss #SwissReNews #Switzerland

ICEYE expands wildfire intelligence capabilities to Canada, offering new tools for re/insurers

ICEYE, a company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has announced the expansion…
#Canada #ICEYE #Insurancenews #wildfire #wildfires
https://www.europesays.com/canada/113123/

Swiss Re warns of rising heat stress on Switzerland’s climate resilience https://www.byteseu.com/2139021/ #ClimateRisk #ExtremeHeat #InsuranceNews #Resilience #SwissReNews #Switzerland

https://www.europesays.com/ch/91954/ Swiss Re warns of rising heat stress on Switzerland’s climate resilience #ClimateRisk #ExtremeHeat #InsuranceNews #Resilience #Swiss #SwissReNews #Switzerland

AXA XL announces leadership changes across Austria and CSEE operations https://www.byteseu.com/2135162/ #Austria #AXAXL #InsuranceNews #PeopleMoves

https://www.europesays.com/britain/65579/ Lloyds Bank survey finds insurers prioritising liquidity strength as financial sector confidence rises #ArtificialIntelligenceInInsuranceAndReinsuranceNews #CapitalManagement #InsuranceNews #liquidity #LloydsBank #LloydsBankingGroup

https://www.europesays.com/africa/269379/ 3IF Ventures secures $12m first close for Africa-focused inclusive insurance fund #Africa #ClimateResilient #InsuranceNews #InsurTechNews #VentureCapital

ALAN SHAKES UP FRENCH HEALTH INSURANCE LANDSCAPE

Alan insurer now covers 130,000 employees at France's Ministry of Economy and Finance from Jan 1, 2026. This replaces Mgéfi.

#AlanInsurance, #FrenchHealth, #MinistryEmployees, #Mgéfi, #InsuranceNews

https://newsletter.tf/alan-insurer-covers-french-ministry-staff/

Alan insurer has won a major contract to cover 130,000 employees at the French Ministry of Economy and Finance starting January 1, 2026. This is a big change from the previous insurer, Mgéfi.

#AlanInsurance, #FrenchHealth, #MinistryEmployees, #Mgéfi, #InsuranceNews
https://newsletter.tf/alan-insurer-covers-french-ministry-staff/

Justice After 29 Years: A Personal Accident Claim That Questions India’s Insurance Woes

In a landmark ruling, the National Consumer Disputes Redressal Commission (NCDRC) has directed United India Insurance to pay ₹10 crore with 9% annual interest to the family of Kishori Lal Sharan Garg, a Jaipur businessman who died in a road accident in 1997.

Insurer claim rejection was declared “untenable” and held that the company could not substantiate allegations of suppression of material facts because it failed to produce the original proposal forms forming the basis of the dispute.

The order comes nearly three decades after the claim was first filed, underscoring the chronic delays in India’s insurance claim settlement system.

The Case

• Garg died in a car accident while traveling from Jaipur to Delhi in March 1997.
• He was covered under two personal accident policies — ₹10 crore from United India Insurance and ₹5 crore from National Insurance.
• Both insurers repudiated the claims, alleging concealment of material facts.
• The NCDRC found that United India Insurance failed to justify its rejection, as it could not produce the original proposal forms.
• The Commission reaffirmed its earlier order, directing the insurer to pay the claim amount with interest to Garg’s widow, Asha Garg, and her family.

The Larger Problem

This case is not an isolated anomaly. It reflects systemic issues in India’s insurance sector:

• Excessive delays: Claims often take years, sometimes decades, to be resolved.
• Opaque processes: Insurers rely on technicalities and missing paperwork to deny claims.
• High repudiation rates: A significant share of claims are rejected, eroding consumer trust.
• Weak grievance redressal: Ombudsman offices and consumer forums remain overburdened.
• Legal bottlenecks: Thousands of disputes clog the courts, slowing resolution further.

Eye‑Opening Consumer Perspective

From the customer’s angle, the verdict is both relief and revelation:

• “An insurance policy that pays after 29 years is not protection — it’s betrayal.”
• “The fine print is often used as a weapon against policyholders, not as a safeguard.”
• “Insurance promises financial security, but for many families it becomes a lifelong legal battle.”

The Garg family’s 29‑year wait for justice is a sobering reminder of the urgent reforms required in India’s insurance sector. For consumers, it underscores the importance of vigilance and persistence. For insurers and regulators, it is a call to action: insurance must mean security, not endless struggle.

Such suffering for customers is the root cause of the lack of trust in insurance. There are many cases where claim payouts have been made only after a decade of legal battle. This amounts to harassment of the customer. The regulator and the government have not created provisions to punish those responsible for such mental torture. There is a world of difference between 29 days and 29 years — isn’t it? The judiciary is equally responsible for this harassment, as cases often move in circular motions without resolution.

With such a reputation, insurance in India risks shifting from “protection” to “betrayal” ???

Repetitive offences by insurers must be punished including cancellation of licence to operate. It is a known fact that insurers commit for higher sum insured in a product and when claim arises from such products, they start looking for the options to repudiate the claim, irrespective of the merit of the case.

Many industry leaders keep giving “gyan” while sitting in air‑conditioned cabins or speaking at seminars and conferences. The ground reality, however, is completely different.

It has been more than 25 years since the inception of IRDAI, yet no significant trust has been established. Whether public or private players, certain issues remain common: claim settlement delays, poor service, mis‑selling, cross‑selling, aggressive solicitation, non‑issuance of policy documents — the list goes on.

At the end of it all, it is always the customer who suffers.

–Ashish Kumar

Check my book – “The Balance Sheet of Life: A Mirror not a Manual”

https://ashishvision.wordpress.com/2026/01/20/book-release-announcement/

IRDAI has imposed a Rs 1 crore penalty on Reliance General Insurance for violations related to intermediaries, outsourcing norms and corporate governance following a regulatory inspection. https://english.mathrubhumi.com/news/money/irdai-imposes-rs-1-crore-penalty-on-reliance-general-insurance-over-regulatory-violations-esrzpmd3?utm_source=dlvr.it&utm_medium=mastodon #IRDAI #RelianceGeneralInsurance #InsuranceNews #RegulatoryAction

New India Assurance confirms ₹2,379 Cr GST demand notice from CGST Palghar. The company plans to respond, citing strong defense and no financial impact. https://english.mathrubhumi.com/news/money/the-new-india-assurance-company-limited-receives-gst-notice-over-co-insurance-premiums-and-reinsurance-commissions-f4usrt1n?utm_source=dlvr.it&utm_medium=mastodon #NewIndiaAssurance #NIA #GST #InsuranceNews #FinancialUpdate

💡 Good news for policyholders!
From Sept 22, term insurance premiums are becoming 18% cheaper 🎉.
Now’s the perfect time to secure your future with wider coverage at lower costs.
Because peace of mind should never come at a premium. ✨

#InsurancePlans #TermInsurance #FinancialFreedom #MoneyMatters #WealthManagement #SmartInvesting #InsuranceAwareness #SecureFuture #FinancialPlanning #InsuranceNews #PolicyUpdate #AffordableInsurance

Leadway Holdings has acquired full ownership of Pensions Alliance Limited (PAL), a leading Pension Fund Administrator (PFA), in a strategic move to reshape Nigeria’s pension landscape.

https://dmarketforces.com/leadway-holdings-acquires-100-stake-in-pal-pensions/

#leadwayHoldings #PALpension #Acquisition #insuranceNews

Big relief ahead? Govt may slash GST on insurance premiums to 0%.
.
.
.
.
#GST #InsuranceNews #TaxUpdate #FinanceIndia #InsurancePremium #GSTUpdate #GovernmentPolicy #TaxRelief #FinancialNews #IndiaEconomy
#sakshamagrawal

Narendra Bharindwal elected as President of Insurance Brokers Association of India (IBAI)

#TycoonWorld #NarendraBharindwal #IBAI #InsuranceBrokers #InsuranceIndustry #IBAIIndia #InsuranceLeadership #InsuranceBroking #RiskAdvisory #InsuranceNews #FinancialSector #IndustryLeadership #RegulatoryCompliance #InsuranceExperts #InsuranceAdvocacy #BusinessLeadership #FinancialGrowth #InsuranceMarket #CorporateLeadership #InsurancePolicy #EconomicNews #BusinessUpdates

https://tycoonworld.in/narendra-bharindwal-elected-president-of-ibai/

How Will Blockchain Technology Reshape the Insurance Market?

https://blockzeit.com/how-will-blockchain-technology-reshape-the-insurance-market/

#blockchaintechnology #blockchains #BlockchainRevolution #insurancenews #insurance #InsurtechInnovation #insurtech