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India to see above-normal cumulative rainfall this monsoon, El Nino conditions unlikely, says IMD
El Nino conditions, associated with below-normal monsoon rainfall...
AI makes weather forecasting more cost effective and accurate
This is the first time Taiping Reinsurance is bringing...
AM Best maintains stable outlook on Malaysia’s non-life insurance segment
Malaysia's non-life gross written premium rose by 4.0% to MYR 21.97 billion (USD 4.95 billion) in 2021, 44% of which was driven by the general takaful segment. AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry due to...
Return to office highest in telecom, consulting sectors; IT lags: Survey
"The survey has made it clear that a distributed workspace strategy is the way to go for occupiers in this new era of experiential workplaces, as occupiers emerge from the after-effects of the pandemic. Flex spaces, in particular, are leading this growth, as occupiers...
Global investment in InsurTech at $2.41 billion in Q2 2022, drops 50% over Q2 2021:Gallagher Re
Q2 saw 40 L&H(Life & Health) investments of $918 million, up 12.4%, and 92 P&C InsurTech deals worth $1.49 billion in total. P&C deal flow was down 13.2%, but total investment was up 5.9% on Q1, while average deal size was $20.73 million London: Global...
Taiwan turmoil affects shipping and global supply chain
Gas suppliers are rerouting or reducing speed on some liquefied natural gas (LNG) vessels currently en route to North Asia Shipments to Taiwan and Japan this weekend will be affected, said the sources SINGAPORE: China's announcement of military drills around Taiwan as...
Retail auto sales drop 8% in July: FADA
Federation of Automobile Dealers Associations (FADA) President Vinkesh Gulati noted that though there is a blip in July numbers, the segment continues to see introduction of new models, especially compact SUVs, aiding growth New Delhi: Automobile retail sales in India...
Insurers can raise funds through Preference Share and Subordinated debts without IRDAI’s prior approvals
The total quantum of the instruments under other forms of capital taken together has to be lower of the following, at any point in time: 50 percent of the total paid up equity share capital and securities premium of an insurer and 50 percent of the net worth of the...
World’s food supply faces new threat from lack of rain in India
Much is riding on the rice crop in India and the monsoon’s progress. Some agricultural scientists are optimistic that there’s still time to continue planting and make up for some of the shortfall. Rain is forecast to be normal for August to September, which may...
LIC breaks into Fortune 100 list
The nation's biggest life insurer LIC with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. This is the first outing of LIC on the list, which ranks listed companies by sales New Delhi:...
Climate change: Cabinet approves India’s updated nationally determined contributions
According to the updated NDC, India now stands committed to reducing emissions intensity of its GDP by 45 per cent by 2030, from 2005 level, and achieving about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by...
$35 billion of global insured losses from natural catastrophes in H1 2022: Swiss Re
Martin Bertogg, Head of Catastrophe Perils at Swiss Re Floods in South Africa as well as in India, China and Bangladesh further confirm the growing loss potential from floods in urbanized areas globally Martin Bertogg, Head of Catastrophe Perils at Swiss Re, said:...