South Korea: Fire safety norms for electric vehicles made stricter

Published on January 5, 2026
Insurers in South Korea have tightened the liability insurance protocol, as fires and related mishaps involving electric vehicles (EVs) continue to rise in the country.
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Morocco: Bancassurance sector, including bancatakaful, continues to grow

January 4, 2026
The bancassurance sector maintained its growth momentum, registering a 6.6% increase in 2024. The total premiums generated amounted to MAD20.5bn ($2.25bn), collected through banks network, finance

Travelers completes sale of Canadian personal & majority of commercial arm to Definity

January 5, 2026
The Travelers Companies, Inc., a provider of property and casualty insurance, has completed the sale of the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation for approximately $2.4 billion.The sale was initially announced in May 2025. Travelers has retained its premier Canadian surety business.Travelers will use