Weather derivatives let buyers hedge against the risk that the...
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Global economic losses from extreme weather could hit $5 trillion -Lloyd’s
“The global economy is becoming more complex and increasingly...
Insurtech InsuranceDekho raises $60 million at $650mn valuation
“We will use this money for M&A opportunities, to build a...
Analysts see 2020 reinsurance price hikes due to catastrophes
However, as Hurricane Dorian ravages the Bahamas and bears down on the United States, Fitch, Moody’s and S&P Global said some rates could jump by much more than that
AI, analytics among tech skills highest in demand: Infosys
“There is not just a talent war — it’s a famine. To succeed, companies must hire, develop, and retain talent better than their competition,” said Pravin Rao, Chief Operating Officer, Infosys.
World safest cities index: Tokyo tops list of 60, New Delhi ranks at 53
The index ranks 60 cities on five continents, examining digital, health, infrastructure and personal security factors to assess overall urban safety. The cities that led the index offer easy access to high-quality health care, dedicated cybersecurity teams, disaster continuity planning and/or community-based police patrolling.
Total reinsurance capital at $559 bn in H1 2019, up 8% driven by strong investment markets: Willis Re
The largest component of this figure is the capital of the 36 reinsurance companies tracked in the Willis Reinsurance Index, which was up 11 per cent to USD 440 billion, principally due to falling bond yields and rising equity markets. The strong investment appreciation was a reversal of the trend noted in the year-end 2018 Reinsurance Market Report. Fresh capital backing the Convex start-up also contributed to the H1 2019 capital growth.
Amit Shah assures Rs 2 lakh insurance for J&K panchayat members
Jammu and Kashmir has been under restrictions since then with clampdown on mobile and internet communications.
Global reinsurance market to see consolidation, product & service innovation:S&P
S&P Global Ratings believes that these factors will continue to push the sector to evolve, forcing market consolidation, product and service innovation, expansion of product offerings, and reimagining of the re/insurance value chain. Indeed the market may look different, but it could be a long time before the competitive landscape changes.
Hurricane Dorian slams Bahamas, Florida,expected industry losses range between $11.3bn to $37.2bn
Industry loss estimates are currently sitting in a range from $10 billion to as much as $25 billion (perhaps even $30 billion according to some new runs we’ve seen), which aligns with these analogue storms RMS has highlighted
FPIs pulled out Rs 38,930 cr in FY19 due to weak market sentiments: Sebi
“Despite heavy capital infusion by FPIs in last two months, the Indian capital market suffered a net outflow to the tune of Rs 38,930 crore in 2018-19 as macroeconomic headwinds weighed on investor sentiment through the year,” the report said.
Fintech panel suggest legal framework to protect digital services consumers
The panel has also recommended that insurance companies and lending agencies be encouraged to use drone and remote sensing technology for crop area, damage and location assessments to support risk reduction in insurance/lending business.
PSBs consolidation building block for $5 trillion economy: Finance secy
When asked about rationale for doing all the four mergers together, Kumar said, “We wanted to do it one time, give the road map and remove the uncertainty. Now there is no uncertainty and road map is all clear. Governance reforms done. Who wants to give their power, we have given it. Even in appointments we have given it. Now it is completely professionalised.”