Brazil – Overview of the new general insurance law
Since 2024, Brazil has had a new general insurance law. The law consolidates several legal provisions and existing market practices. All lines of insurance are subject to the law (except health insurance). In fact, the law lacks clarity on several issues, [...]
China: Implementation of the new “Cash Before Cover” regulation on November 1, 2025
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 [...]
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 [...]
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 [...]
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 [...]
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% [...]
Hungary: Important information for building contractors and planners
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 [...]
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, [...]