R Doraiswamy, CEO & MD, LIC said,“We at LIC are very optimistic...
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Aon and Munich Re launch pandemic reinsurance solution to deliver robust protection to insurers in Indonesia and the Philippines
Hitesh Kotak, CEO, Asia, Munich Re, said: "Pandemic risk remains...
Calibrating commission caps key to widening insurance coverage: Report
Chhavi Singh, Associate Partner, Redseer Strategy Consultants,...
Gallagher Re flags AI risks, catastrophe shifts and softer reinsurance market in APAC
Non-life premium growth across the region slowed to 5.1% from 7% in 2024, its lowest level since 2021, reflecting softer pricing in mature markets and portfolio rationalisation. Singapore: Asia-Pacific’s insurance industry continues to offer substantial growth...
WTW ordered to pay Rs3.67 cr to former employee in whistleblower retaliation case
The award includes ₹3,67,97,082 in special damages and ₹10 lakh for the mental agony, anguish and harassment suffered by Midha. The company has been directed to make the payment within 30 days of the judgment. In a separate development, Judge Shirin Javeed Ansari...
Global insured Nat CAT losses fall to lowest 9-month level since 2019: Gallagher Re Report
Q3 also marked the sixth consecutive quarter without an individual natural catastrophe generating more than USD10 billion in insured losses. This comparatively favorable loss experience has supported strong industry earnings, robust capital positions and substantial...
IRDAI extends deadline for comments on Distribution Reforms to Oct 31
The proposed distribution reforms have sparked concerns across the industry over their potential impact on distribution costs, intermediary remuneration and the sustainability of existing business models. New Delhi: The Insurance Regulatory and Development Authority...
Future of Insurance Distribution: Brokers must be valued beyond commissions
As the IRDAI reshapes insurance distribution, reforms must recognise brokers’ role in risk management, claims support and better policyholder protection. Today, they contribute over 40% of general insurance premiums, bringing expertise in risk assessment, product...
Regulatory Reset: Deciding the economic value of insurance distribution
IRDAI’s consultation paper ``Recalibrating Economics of Insurance Distribution'' goes beyond commission rationalisation to propose a sweeping overhaul of India’s insurance distribution ecosystem, covering intermediary structures, remuneration, accountability, expense...
IRDAI to ensure smooth transition to new commission rules, may launch Public Insurance Registry in Jan 28: Seth
Ajay Seth,chairman , IRDAI "The idea is to allow for an orderly transition from the present system to a better systemThere's absolutely no intention that there should be a disruption for any market player or any individual."Ajay Seth,chairman, IRDAI Insurance...
CyberCube and Blackpanda Partner to enhance Cyber Risk Analytics for brokers across Asia
Cyber risk models used across Asia have typically been benchmarked against a single global average. Under the new collaboration, Broking Manager, CyberCube's cyber-risk analytics platform for brokers used across 40 countries, now adds an APAC regional view to...
MS Amlin and European Bank for Reconstruction and Development expand war risk insurance facility for Ukraine
The expansion of the Ukraine Recovery and Reconstruction Guarantee Facility(URGF), with MS Amlin's increasing its participation – which has led to more than €500 million of reinsurance coverage for goods and vehicles across nearly 10,000 policies to date – from €110...
Elliot Richardson appointed Chief Commercial Officer, Howden
Howden, the global insurance intermediary group, today announces the appointment of Elliot Richardson as Chief Commercial Officer for the Group, with immediate effect. The appointment is central to Howden’s new commercial strategy, designed to make full use of the...