AGP Executive Report
Last update: 10 hours agoCyber Risk: South Korean firms remain underinsured against rising cyberattacks: only 6% of new policies in the first half of 2026 offered comprehensive cover for incident response and recovery. Regulatory Scrutiny: Japan’s financial regulator suspended Prudential Life and Gibraltar Life operations for three months over employee fraud. In India, proposed commission caps could reshape insurance distribution from 2027; brokers warn the changes may sharply cut revenues and put jobs at risk. Catastrophe Claims: Insurers have paid $54 billion on Melissa-related claims, with 983 still outstanding. Market Moves: Australia’s competition tribunal paused IAG’s appeal over its RACI deal pending an ACCC ruling. Ledgebrook, meanwhile, raised $200 million to scale its AI-focused specialty insurance platform.
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