AGP Executive Report

Last update: 11 hours ago

Philippines Growth: The Insurance Commission says the Philippine insurance sector hit ₱282.9bn in total premium collections by end-June 2026, up 16.2% year-on-year, lifting penetration to 1.96% of GDP as life insurance led with ₱230bn. Pet Insurance Push: Pets at Home launched pet insurance via Compare the Market, aiming for at least 10% market share in five years, betting on its vet-treatment data and pet-owner insights. Regulatory Clampdown (India): IRDAI barred Acko General and Niva Bupa from opening new offices for six months after management expense limit breaches, highlighting cost pressure in health insurance distribution. M&A Deal (Australia): Steadfast agreed to a A$7.7bn ($5.51bn) takeover by a KKR-backed consortium, with Amwins taking underwriting agency operations and Dragoneer the broking business. Climate/Marine Insurance: Hurricane Lala triggered the first payout from a novel coral reef insurance policy, releasing $200,000 to assess and repair Hawai‘i’s reef damage. Kenya Legal Challenge: Kenya’s mandatory visitor health insurance requirement (linked to eTA) faces scrutiny over legal authority and data protection compliance. Fraud & Enforcement: A Nigerian pleaded guilty in the US to $415,874 unemployment insurance fraud using stolen identities, while UK cases also show courts cracking down on driving without insurance.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Aug. 20, 2026

Insurance Navy launches tow truck insurance brokerage for towing companies

AGP

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Aug. 20, 2026

FD Beck named best insurance broker in Bayside for 2026

AGP

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Aug. 19, 2026

Global health insurance market seen reaching $3.11 trillion by 2031

AGP

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Aug. 19, 2026

IAOTP names Mike Hamdan Top Insurance and Wealth Builder of the Year

AGP


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Insurance fraudster made £31k by claiming 30 fictional pets had died

Insurance fraudster made £31k by claiming 30 fictional pets had died

A Massachusetts Couple Paid Into Long-Term Care Insurance for Decades — Now the Rate Hikes Are Making Them Question Everything

A Massachusetts Couple Paid Into Long-Term Care Insurance for Decades — Now the Rate Hikes Are Making Them Question Everything

Your Smartwatch May Already Be Detecting Health Problems Your Doctor Has Not Seen Yet — Here’s What That Means for Your Insurance

Your Smartwatch May Already Be Detecting Health Problems Your Doctor Has Not Seen Yet — Here’s What That Means for Your Insurance

Ingram Insurance Group Analysis Finds Denied and Weather-Related Renters Claims Can Avoid Premium Surcharges

Ingram Insurance Group Analysis Finds Denied and Weather-Related Renters Claims Can Avoid Premium Surcharges


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4 hours ago

LTC Simple Highlights Why High-Net-Worth Households Are Rethinking Self-Insurance for Long-Term Care

EIN Presswire

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3 hours ago

NAPIA Applauds Massachusetts for Protecting Policyholders’ Right to Hire a Public Insurance Adjuster

EIN Presswire

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7 hours ago

SLED Charges Greenville County Man with Insurance Fraud

South Carolina Law Enforcement Division

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Aug. 20, 2026

Oswego County Office for the Aging Offers Health Insurance Fair This Fall

Oswego County - New York

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Aug. 20, 2026

Orion180 Insurance Group Inc. Files Registration Statement for Proposed Initial Public Offering

GlobeNewswire, Inc.

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Aug. 20, 2026

Vortex Weather Insurance Introduces HailSafe® on Its Online Portal

GlobeNewswire, Inc.

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