India: Tax authority issues guidelines on tax benefits in high-value life insurance plans

Published on August 21, 2023
The Income Tax Department's Central Board of Direct Taxes (CBDT) has issued guidelines on the withdrawal of tax benefits on any sum received under a life insurance policy, including bonuses.
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Australia: ICA explains that non-life insurers' profits are cyclical

August 21, 2023
Insurer profits are cyclical and often impacted by factors outside of the control of the businesses, including extreme weather events, says the Insurance Council of Australia (ICA).

South Africa: Lower capacity for risks continues in P&C insurance market

August 21, 2023
The South African P&C insurance market continues to see reduced capacity on risks, making it challenging to secure coverage with carriers, says Aon in its "Insurance State of the Market 2023".