Marine War Risk Capacity: Lloyd’s launched a new marine war risk insurance consortium for Strait of Hormuz transits, offering up to $200m hull/P&I capacity plus $200m cargo, with Chubb as lead underwriter. Marine Leadership: QBE appointed Callum O’Brien as Head of P&I, Asia, to expand British Marine’s P&I portfolio across the region. Cyber Claims Reality Check: Willis reports cyber insurance is paying out—covering over 95% of average data breach losses and 90% of first-party losses—while ransomware remains the costliest driver. AI in Insurance Ops: NTT Data says governance and operations, not tech, are blocking insurers from scaling AI to production; it urges continuous risk detection and prevention. Insurtech Funding: Tugboat raised a $3m seed round to help homeowners navigate claims using an AI layer trained on thousands of real claim patterns. Travel Cover Update: Australia’s travel advice for several Middle East countries was downgraded to “reconsider your need to travel,” which may unlock broader travel insurance availability. Health Insurance Policy Debate: A Philippines public health advocate opposed a proposed two-tier expansion of PhilHealth benefits, arguing it violates the Universal Health Care law’s equal coverage principle. Regulatory Streamlining: APRA and ASIC consulted on streamlining parts of the Financial Accountability Regime to cut reporting burden without lowering accountability. Home Insurance Market Outlook: Allied Market Research projects home insurance growth to $576bn by 2033, driven by climate risk and rising property values.