June 17, 2026

IRDAI's exposure draft (comments until July 6, 2026) would let non-operative holding companies merge into their insurer subsidiaries, restructure share-transfer approval thresholds, allow foreign SPVs from FATF-compliant jurisdictions and reserve insurance-related names for insurers.

Cowbell's 2026 claims report, covered on May 7-8, 2026, says ransomware attacks rose 45% last year while average ransom payments fell roughly 44% between 2022 and 2025; data breaches, cybercrime and extortion drove most claims.

The FCA's December 18, 2025 response to a Which? super-complaint accepts firms must do more under the Consumer Duty, will expand work on claims handling and sales processes, rejects a market study and will publish an update by the end of 2026.

BaFin's Circular 01/2026 (VA) on ransom insurance, reported on April 2, 2026, replaces a 1998 circular and confirms such cover is permissible if it respects public order and does not hinder law enforcement, with cyber-extortion cover now explicitly covered.

In a letter dated May 2026 and signed by Commissioner Simone Constant, ASIC said misuse of frontier AI could expose vulnerabilities faster and at greater scale; it urges firms to patch quickly, limit exposure, test incident plans and table the letter at the board.

On April 20, 2026 the Michigan Supreme Court unanimously held that a trial court abused its discretion by reforming rather than rescinding a Progressive no-fault policy where the insured misstated where her cars were garaged.

Munich Re's 2026 cyber survey of more than 9,500 respondents in 20 countries and its 2026 trends report estimate global cyber premiums at nearly $15 billion in 2025 with slower recent growth, a projected $28 billion by 2030, and nearly nine in ten C-level respondents saying they do not feel adequately protected.

At the Singapore FinTech Festival in November 2025, MAS Managing Director Chia Der Jiun said the regulator would trial tokenised MAS bills settled in wholesale CBDC in 2026 and would draft stablecoin legislation, after DBS, OCBC and UOB completed overnight interbank lending using the digital Singapore dollar.