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The Manufacturers Life Insurance Company boosts its NVIDIA stake by 2.3% in Q4, while other institutional investors also modify their holdings.

Suncorp Insurance and Leo Australia have collaborated to create Haven, a digital platform that provides personalized resilience reports for homes across Australia, helping homeowners prepare for natural disasters.

State Farm is requesting significant premium increases for California policyholders, potentially raising costs by up to 52% for some customers by 2026.

Tata AIA Life Insurance reports a shift in customer preferences towards term insurance plans with coverage below age 70, indicating a move towards more life stage-appropriate financial planning.

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Institutional investor decreases holdings in Wabash National during fourth quarter, while other major investors increase their positions.

Compilation of recent news and developments in the insurance industry

Ahmedabad-based startup Clozzet has successfully raised a pre-seed funding round at a valuation of $1.2 million, aiming to launch India’s first hyperlocal fashion commerce platform.

Insurance company Tokio Marine Holdings has reported a significant increase in net income for the fiscal year ending March 31, 2025, driven by improved underwriting performance and reduced natural catastrophe losses.

Xceedance’s XCERA programme has been accredited by the Chartered Insurance Institute, enhancing global recognition for professionals in catastrophe modelling and exposure management