Our Scans · (FS.4.01) Insurers' Business Model · Weekly Summary

• [New] The Insurance Regulatory and Development Authority of India is implementing its universal insurance coverage by 2047 programme, which includes AI-based platforms and the Bima Sugam portal aimed at simplifying distribution, policy issuance and servicing, and customer interaction. Insurance Business
• [New] If reinsurance and catastrophe bond pricing is particularly conducive then potentially TWIA could buy more coverage for the budget set aside for risk transfer in 2026. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• [New] Partnerships between European life insurers and large, mainly US, alternative investment managers are likely to continue, although UK and EU regulators are monitoring potential misalignments between policyholder and shareholder interests and risks linked to asset-intensive reinsurance structures. Insurance Business
• [New] In a sector update, Fitch said it expects deal-making to increase particularly in specialty and reinsurance, UK, Dutch and German life, and European bancassurance. Insurance Business
• [New] The OECD recommended wider use of public-private partnerships and reinsurance capacity to share catastrophe risk, alongside product structures that give policyholders options between parametric, indemnity, or hybrid payout mechanisms. Insurance Business
• [New] England Golf has announced a three-year partnership with Howden, designating the global insurance broker as its official insurance partner through the end of 2028. Insurance Business
• The Australian Reinsurance Pool Corporation has completed its terrorism retrocession program for 2026, adjusting the structure and limit of its protection in line with updated legislation and its current view of terrorism risk in Australia. Insurance Business
• Emergence Insurance has released an updated wording of its Cyber Event Protection policy, CEP-005.1, for small and medium-sized enterprises (SMEs) in Australia, as cyber threats remain a leading operational risk for local organizations. Insurance Business
• The biggest rise in health insurance premiums this decade will hit 15 million Australians from April after the federal government approved a 4.41% increase in the average policy cost. Brisbane Times
• Policy changes to China's non-motor insurance business spell a positive impact for reinsurers, as Chinese cedents will place greater emphasis on reinsurers' expertise. Asia Insurance Review
• The European Union is moving to tighten sanctions on Russia by proposing a full ban on maritime services for Russian crude oil, a step that would significantly expand restrictions on marine insurance, reinsurance and related risk services if approved by member states. Insurance Business
• Based in Milan, SRS Italy will be the first specialised provider of insurance management services specifically for captive insurance and reinsurance companies based in Italy. ReinsuranceNe.ws
• Recent changes in Singapore's housing policy settings are expected to have implications for the type and duration of property insurance bought by households and investors. Insurance Business
• Fitch expects non-life insurers to benefit from softer reinsurance pricing in 2026. Insurance Business
• The lobby group recommends that the Queensland government seek formal commitments from the Australian Reinsurance Pool Corporation and the federal Treasury to adjust Cyclone Reinsurance Pool rates where state-funded mitigation programs demonstrably reduce risk. Insurance Business
• Layered on top is a more favourable global reinsurance backdrop, with costs reportedly down 10% to 15% in recent months - setting up a complicated message for customers who will still see their motor cover get more expensive. Insurance Business
• Enhanced access to international insurance and reinsurance markets and coordinated cross-border capabilities are expected to support both Indian and multinational clients placing risks into Asia, the Middle East, and London. Insurance Business
• Demographic trends combined with a global retirement savings gap remain tailwinds for the sale of life and annuity products, which will push ongoing demand for reinsurance. Yahoo Finance
• Surveys of reinsurance buyers suggest many expect modest price declines in 2026 for property reinsurance, assuming there are no late-2025 mega-disasters. / USA Inszone Insurance
• California's recent policy response to the insurance crisis includes a number of regulatory changes that will allow insurers to justify and obtain higher rates and reduce their exposure to an assessment from the California FAIR Plan when it runs out of money to pay claims. Yale Law Journal
• Only 7% of UK businesses surveyed by the Department for Science, Innovation and Technology had a specific cyber security insurance policy in 2025, although 45% reported being insured against cyber security risks in some way. EIN Presswire
• South Korea's Financial Services Commission has approved changes to insurance business supervisory regulations that will gradually extend the payout period for insurance sales commissions to as long as seven years and link a larger share of remuneration to policy maintenance. Insurance Business

Last updated: 03 March 2026