Pharmaceutical companies in India are seeking larger product-liability insurance cover as they face an increase in compliance costs due to regulatory action by the U.S. Food and Drug Administration, reported Business Standard. Read more »

Reinsurers will have a tough time trying to halt a decline in reinsurance prices when they meet their customers and brokers in Monte Carlo to start negotiating property/casualty policies for 2015, reports... Read more »

Ernst & Young L.L.P. has said that Malaysia has the potential to become a major takaful hub, reports The Malay Mail Online. Read more »

Cyber risk insurance is increasingly gaining importance in Ireland after several hacking attacks that have occurred worldwide recently, the Irish Independent reported. Read more »

An explosion has occurred at a Nippon Steel and Sumitomo Metal Corp. facility in Tokai, Japan, injuring at least 15 people, GlobalPost reported. Read more »

Pakistan’s insurance industry is ready for a boost in competition after the country’s Securities and Exchange Commission recently permitted conventional insurers to offer takaful, reported Reuters. Read more »

A maritime agency and a private security advisor have said that pirates attacked and robbed a tanker containing petroleum products near Ivory Coast's port of Abidjan, reported Reuters. Read more »

Ashraf Salman, Egypt’s investment minister, has expressed optimism about the country's insurance market, saying it has grown over the last three years even as economic activity declined, reported Asia Insurance Review. Read more »

Health care expenditures rose modestly in 2013, but cost increases could begin to accelerate this year and continue as the economy improves and key provisions of the health care reform law take... Read more »