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News2024-01-11T11:46:26+01:00
2305, 2025

France: Fire Insurance Tax Increase

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 [...]

1703, 2025

CAT-NAT Italy: Important information on property insurance

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 [...]

2002, 2025

India: FDI Cap in the Insurance Sector Raised to 100%

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 [...]

1102, 2025

Bahrain: Increase in employer social security contributions

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% [...]

901, 2025

India: Key Changes in Property/Business Interruption Insurance Pricing

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, [...]

1612, 2024

New environmental fund in Finland

Starting on January 1, 2025, Finland will implement the Finnish Environmental Damage Fund, ensuring compensation for environmental damage caused by specific high-risk activities. This initiative aims to shift the financial burden of such damages away from taxpayers and onto the businesses [...]

1012, 2024

Mandatory Natural Disaster Insurance for Businesses in Greece

From January 1, 2025, Greek law 5116/2024 will require companies with a certain annual turnover to take out insurance against natural disasters. This law, designed to safeguard business continuity, aims to ensure that natural disaster-related financial losses are borne by insurance [...]

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