News

The Chinese government has recently announced a new regulation governing the supervision of the insurance industry, with several key provisions taking effect from November 1, 2025. Motor insurance is excluded from the new regulation. Among these, the introduction of the “Cash Before Cover” requirement will have a particularly significant impact on day-to-day operations for [...]

The French government, in its latest Finance Act 2025 (Law no. 2025-127 of February 14, 2025 and Decree no. 2025-135 of February 14, 2025), has decided to increase the insurance tax on fire cover from 7% to 12%. This concerns property permanently and exclusively assigned to professional use, with the exception of the following [...]

The new regulation will become effective per 31st of March 2025 and companies registered in Italy, including Italian branches of foreign entities, must secure Property coverages for natural disasters as of 31th of March 2025. Who is subjected to take out the new insurance obligation:  All Italian companies as well as Multinational Companies with [...]

Major Update on the Liberalization of India's Insurance Sector: FDI Cap Raised to 100% We are pleased to share an important development in the Indian insurance sector following the Honourable Finance Minister's announcement on February 1, 2025. The Foreign Direct Investment (FDI) cap has been increased from 74% to 100%, marking a significant step [...]

On January 21, 2025, an increase of 1% in employer contributions to mandatory social insurance took effect in Bahrain, bringing the total employer contribution to 17%. Employee contributions will remain unchanged at 8%, with 7% allocated to social insurance and 1% to unemployment coverage. Voluntary insurance contributions will also rise by 1%, reaching a [...]

As of January 15, 2025, contractors and planners in Hungary will be legally required to take out liability insurance in order to carry out their activities. Please ensure that you make the necessary arrangements in time. The basis for calculating the premium for liability insurance for contractors and planners is the net turnover from [...]

We would like to inform you about significant developments in the pricing of Property and Business Interruption Insurance policies in the Indian market, effective for policies incepting from January 1, 2025, or later. While the announcement of “de-tariffing” from April 1, 2024, initially brought temporary price reductions, it has become evident that these pricing [...]

Argentina recently introduced the Incentive Regime for Large Investments (RIGI), an ambitious federal initiative designed to attract substantial investments across multiple sectors, including forestry, tourism, infrastructure, mining, technology, steel, energy, and oil and gas. Launched by Law 27.742 and effective from August 2024, RIGI offers powerful incentives for both local and international investors and [...]