Our Scans · (FS.4.00) Insurance · Weekly Summary

• [New] In Singapore, insurers cannot use predictive genetic test results - used to predict future risk of diseases - in assessing or deciding the outcome of insurance applications, unless certain criteria are satisfied. CNA
• [New] Personal accident and health (PA & H) insurance remains the dominant segment, expected to account for 33.2% of total DWP in 2025. Insurance Business
• [New] The Israel-Iran conflict has heightened risks for oil tankers navigating the Strait of Hormuz, a critical chokepoint for global oil supply, driving up insurance and operational costs. GeopoliticsUnplugged Substack
• [New] The upcoming 2025 Atlantic hurricane season or other major natural catastrophe losses could swiftly impact insurer growth appetite and potentially reverse the softening trend. Genasys
• [New] For the global insurance industry, the Middle East crisis underscores the persistent volatility of geopolitical risks and the urgency of robust modelling for scenario-based exposures. Insurance Business
• [New] The growing dangers of high temperatures are expected to be felt inordinately by the insurance sector, which underwrites financial losses related to property, business, and human health and life. Scientific American
• [New] The ECB sees the availability of high-quality sustainability-related information, at both granular and aggregated levels as essential in order to identify, assess and manage ESG-related financial risks and for it to supervise banks and insurance companies. www.hoganlovells.com
• [New] Qatar Insurance Company has unveiled a personal cyber insurance product designed to mitigate financial exposure for individuals in Qatar facing online threats. Insurance Business
• If fewer Americans have health insurance due to changes the Trump administration is making and the policies embedded in the pending tax-and-spending legislative package, the health of millions of people could get worse due to forgone care. The Conversation
• Within the past week, the Trump administration announced steps to roll back mental health parity requirements in insurance coverage, risking reduced access and potentially less equitable coverage for mental health relative to physical health treatment. Podtail
• The global insurance industry has entered a critical phase marked by economic uncertainty, climate risks, digital transformation, and evolving customer expectations. Bimabazaar.com - Leading Insurance Thinking
• Insurers managing personal injury claims may soon see changes in financial exposure and reserve strategies as Weightmans LLP rolls out PREDiCT Volume, a data tool that pilot tests show could cut indemnity spend by £3.82 million and reduce capital lock-up by an estimated £18.7 million. Insurance Business
• Tariffs will become a permanent fixture in the global economic landscape, shaping strategic business planning across industries, including insurance. Insurance Business
• By reducing emissions and adapting to already locked - in climate impacts, Australia has the opportunity to lower climate risks and make insurance cheaper. Vote Earth Now
• In response to rising costs and risks across the world, reinsurers raise the price of reinsurance, which flows through to Australian insurance prices. Vote Earth Now
• Cut funding for Medicaid, which could result in at least 13.7 million people losing access to health insurance. National Council of Nonprofits
• Swiss Re estimates that growing property exposures, particularly in catastrophe-prone areas, will drive insured catastrophe losses higher by 5% to 7% annually over the long term, underscoring the ongoing risk challenges the reinsurance sector faces. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• The spending bill working its way through Congress will increase the US national debt by $2.4 tn over 10 years and leave nearly 11 million people without government-backed health insurance. BBC News
• The Federation of Small Businesses (FSB) has recently updated its guidance on Employers' Liability insurance - a useful reminder of the rules and risks around a business insurance that is legally required in the UK. shaikhandcoaccountants
• The digital profile, created through the RuID app, will integrate with Russian government systems and can be used, for example, to obtain health insurance. En.tengrinews.kz
• A thriving, gender-balanced insurance industry fuels growth, mitigates global risks, and underpins every sector that depends on protection, from climate and cyber resilience to infrastructure and health. Insurance Business
• The insurance industry is worth $6 trillion but it is struggling to take steps forward due to the risks that arise from traditional operations and traditional companies. The Fintech Times

Last updated: 24 June 2025