While major carrier Emirates said on Friday it was targeting “a...
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More tankers come under attack as US-Iran conflict spreads in the region
Around 200 ships, including oil and liquefied natural gas tankers...
Strait of Hormuz shipping is at near-total halt, JMIC says
A review of shipping signals have confirmed only two commercial...
CrowdStrike exec apologizes before US Congress for software glitch behind July global outage
Delta Air Lines has vowed to take legal action, saying the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days, and cost it $500 million. CrowdStrike rejected Delta's contention, that it should be blamed for massive flight...
Tokio Marine Kiln and Marsh launch exclusive $50 million market-first trade disruption facility for ports and terminals
Through the offering, ports can now secure an additional cover should certain wider events beyond their control lead to ships being diverted away from or refusing to sail to their facilities. The facility also provides additional cover for ports impacted by blockages...
New research from Beazley reveals AI is the biggest challenge facing digital health and wellness firms
Beazley’s research found fewer than a third (30%) buy the essential tailored insurance covers that protect against bodily injury caused by a variety of technology-based drivers London: Beazley, the leading specialist insurer, has today published its latest Digital...
Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the Lloyd’s market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national...
Average health claim size rises 12% to Rs 70,558 in India in 2023-24: ACKO report
The average claim size in India for 2023-24 stands at ₹70,558, up from ₹62,548 in the previous financial year, a significant increase of 11.35%, reflecting the broader surge in healthcare expenses Bengaluru: With rising hospitalisation costs, the average claim size in...
New York Life Insurance makes strategic investment in Max Estates, commits Rs 1200 crore
Sahil Vachani, MD & CEO of Max Estates, said, “We are pleased to announce that our partnership with New York Life Insurance has grown from strength to strength. This capital infusion significantly enhances Max Estates' financial capability to deliver top-tier...
Indian mutual fund industry set to cross 50 mn unique investors
The systematic investment plans (SIPs) reached fresh highs as monthly contributions via SIPs hit Rs 23,547 crore in August, against Rs 23,332 crore in the previous month Mumbai: The mutual fund industry in the country saw assets under management (AUM) surging to Rs...
Businesses in APAC taking longer to convert working capital into cash, affecting liquidity: Aon
According to the report, the average days receivable for Asia Pacific companies for year ending 2023 was 71 days. Although a small increase from 2022, an increase in days receivable reflects a decrease in working capital availability and indicates slower collection of...
Zurich Kotak General Insurance to scale up its commercial insurance portfolio, Ajey Hegde to head the unit
Sean Walker, Head of Commercial Insurance & Chief Technical Officer, APAC, said, “As Indian businesses continue to grow, Zurich Kotak is well-positioned as a key risk management partner, helping commercial customers better understand and navigate current and...
Goyal asks realtors to ensure guaranteed ESIC, PF registrations for 7 cr people working in sector
Piyush Goyal,Union Commerce and Industry Minister "I urge you to kindly think about this in very serious terms… can we ensure a guaranteed ESIC and provident fund registration of all these 70 million workmen and women (working in this sector)," Goyal told real estate...