Nayan Shah, managing director, Paramount TPA said, ``The IRDAI has...
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Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers
It has secured regulatory approval to operate as a corporate agent...
Gallagher expands in Türkiye with acquisition of Aspera
This move marks further investment by Gallagher as the country...
Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the wildfire could be around $10 billion, "We expect a majority of the losses to be related to homeowners' coverage and a significantly lesser amount to commercial," it said U.S. private forecaster AccuWeather...
LIC’s Bima Sakhi Yojana records over 50,000 registrations within one month of launch
LIC Managing Director and Chief Executive Officer Siddhartha Mohanty said, "It is our objective to cover each panchayat of the country with at least one Bima Sakhi within one year. LIC is strengthening the Bima Sakhi stream by grooming women with appropriate skills...
Lloyd’s CEO John Neal to join Aon as global Reinsurance CEO and chairman of climate solutions
John Neal Neal, after six years in Lloyd's as a CEO, will play an important role in delivering Reinsurance solutions to meet the evolving demands of today's dynamic marketplace. He will be based in London, reporting to Andy Marcell, CEO of Risk Capital for Aon, and...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near or below 90% and a low-teens ROE for 2024. Not only have reinsurers' operating and performance ratios improved but so have aggregate balance sheet metrics, providing some context around how quickly and...
Jan 1 renewals see softening of reinsurance pricing, favourable market conditions to persist in 2025: Howden
After an extended period of rate increases across the (re)insurance sector – driven by accumulating and intersecting crises, capital constraints and cyclical adjustments – the availability of deployable capacity in the marketplace signals a new phase in the cycle,...
Embracing 2025: Year of Purpose & Opportunities
2024 has been a pivotal year for the Indian insurance industry, marked by significant reforms and policy changes.2025 will be a key year as it will see further movement in industry and government efforts towards the Insurance for all by 2047 vision Four CEOs of the...
Insurtech- For Quick & Seamless Customer Service
Amit Bhandari, Chief Technical Officer at Magma HDI General Insurance The integration of technology in the insurance claims process is not just a trend, it’s evolution. With the combined efforts of insurers, regulator, and government bodies like the National Health...
Some infectious diseases saw a huge surge in 2024
“The resurgence of preventable and climate-sensitive illnesses highlights the importance of adhering to preventive measures while advancing innovation to address diseases,” said Kristan Piroeva, an analyst at Airfinity, and called for global data sharing, surveillance...
Cockpit voice recordings point to confusion over instructions by air traffic controllers in Japan Airlines mishap
The recordings, in a report tabled by the Japan Transport Safety Board close to the first anniversary of the Jan. 2, 2024 tragedy, pointed to inconsistencies between the instructions by air traffic controllers to the pilots, and the subsequent actions by the cockpit...
Insurance technology firm bolttech raises $100 million to fund global growth
Founded in 2020, bolttech operates a digital platform where insurers, distributors and customers buy and sell insurance and protection products in more than 35 markets across North America, Asia, Europe and Africa, according to its website Singapore:...