Despite the apparent step towards yielding to Iranian demands, the...
Category:
Intermediaries
Latest
War Risk Insurance: Preparing for a new Geopolitical Reality
Rising geopolitical tensions are turning war from a distant threat...
Wildfires fan record sales of Cat Bonds to backstop risk
Wildfire risk is now the fastest-growing category of...
Big Plans: Howden charts course for IPO with multi-billion-dollar valuation
David Howden,Chief Executive Officer, Howden Like many sectors, insurance endured a sharp selloff after the debut of a ChatGPT enabled application that in this case enabled customers to compare insurance rates.While master of his own destiny when it comes to the...
UK’s Cooper warns AI is emerging as decade’s greatest security risk
Yvette Cooper, foreign secretary , UK A recent report for the United Nations warned of potentially “catastrophic outcomes” from AI being used to facilitate cybercrime, fraud and disinformation. It said the development of the technology was outpacing governments’...
AI Boom, high debt and market fragilities threaten global stability: BIS
The central bank umbrella group’s Annual Economic Report published on Sunday warned of a complex mix of vulnerabilities, including strained fiscal positions, lingering supply shocks and the risk of a renewed bout of stubbornly high inflation. Global pressures from...
Howden Re makes 3 sr appointments for China market
This is the latest in a series of senior hires reinforcing Howden Re’s commitment to Hong Kong and China as a strategic focus for Howden Re as it continues to build specialist capabilities across the Asia-Pacific region. London: Howden Re, the global reinsurance,...
UK based re/insurance broker BMS sets up Global Capability Centre in Mumbai
Nick Cook, Group CEO, said: “The opening of our GCC in Mumbai is more than an operational milestone. It is a platform for building the data and AI capability that will help BMS serve clients better and compete more effectively. India has extraordinary professional...
Insurance intermediaries must report big commission payments, Publish details online: IRDAI
In a move aimed at strengthening oversight of sales practices, IRDAI has proposed that every branch of a Corporate Agent designate at least one Specified Person (SP) responsible for supervising solicitation activities at that location. The regulator has also proposed...
Turtlemint Fintech raises Rs 397 crore from anchor investors ahead of IPO
Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi, promoters of Turtlemint ICICI Prudential Mutual Fund (MF), Mirae Asset MF, Amansa Holdings, BNP Paribas Financial Markets, Edelweiss MF, Bajaj Life Insurance, Societe Generale, ICICI Prudential Life Insurance...
RBI issues stricter norms to curb mis-selling of financial products
The regulator also laid out a broad definition of mis-selling, which includes practices such as offering products that are unsuitable for the customer, providing misleading or inaccurate information, selling products without obtaining explicit consent from the...
Aon appoints Steve Dando chief broking officer for Global Broking Center
In partnership with Aon teams around the world, the GBC provides insight-driven risk transfer advice, advanced placement solutions, proactive market insight and claims expertise to drive enhanced outcomes for clients. Dublin:Aon plc today appointed of Steve Dando as...
India’s Construction Sector: Insurers increase focus on risk and project governance, Aon report
“India remains a dynamic and rapidly expanding construction market within the Asia Pacific region. Large-scale developments face a range of natural hazards, including floods and earthquakes, with increasing focus on robust risk management from the outset. To navigate...