These numbers are slightly above the long-term average for 1950 to...
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Expanding missile threats and airspace closures are straining airlines
With increasing airspace closures around Russia and Ukraine,...
Aircraft makers need to come out with SOPs for airlines to deal with GPS spoofing situations IATA
Airlines have been reporting GPS interference with their flights in...
Growth slowdown concentrated in advanced economies: IMF
India is estimated to account for one-sixth of global growth this year. "India is a country with growth -- very strong and continuing to be strong. It's about -- one sixth of total global growth is accounted for by India right this year, and inflation is back inside...
Tokio Marine Kiln appoints Cindy Gunawan as special risks underwriter in Asia Pacific
Gunawan's appointment is the latest for TMK Asia Pacific, as it looks to develop and expand in this region in response to growing client demand London: Leading specialist insurer, Tokio Marine Kiln (TMK), today announces the appointment of Cindy Gunawan as special...
Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia
Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re, commented: “It is expected that providing wider insights into risk analysis and decision making against recent changes in natural catastrophe will be available by working with Moody's RMS models.” LONDON:...
Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes
Since the collapse of the grain corridor deal and the increased targeting of ports and infrastructure by Russia, war risk underwriters were “forming their own independent views and deciding what is it is they are prepared to underwrite,” David Smith, head of hull and...
Biden administration pushing insurers to improve access to mental health treatment
US President Joe Biden "Despite the repeated bipartisan efforts aimed at mental health parity, insurers too often make it difficult to access mental health treatment, causing millions of consumers to seek care out-of-network at significantly higher costs and pay out...
IMF increasingly worried about ‘material’ impact of climate change on economies
IMF Chief Economist Pierre-Olivier Gourinchas said extreme weather events, including heat waves facing Europe and other regions, and this year's El Nino weather pattern, which could lead to heavy rainfall or temperatures, would affect crop yields and the ability of...
Asia-Pacific needs disaster warning systems to counter rising climate change risks, UN report
Countries lacking adequate early warning coverage have a disaster mortality rate that is eight times higher than countries that do have such systems in place, the U.N. estimates. And without such precautions, regional annual losses from disasters are projected to...
TCS enters 10-year partnership with AIB Life, to support AIB’s Ireland operations
TCS will provide end-to-end administration, information technology and customer as well as claims handling services through its global delivery centre in Letterkenny, Donegal, the company said. New Delhi: Tata Consultancy Services (TCS) on Monday said it has assisted...
Americans are moving toward climate danger in search of cheaper homes
Many Americans are actually choosing to move to Zip codes with a high risk of experiencing wildfire, heat, drought and flood, according to a new study on domestic migration by Redfin, an online real estate brokerage firm A midsummer quiz: Let’s say you read about an...
Allianz Commercial launches in global Property & Casualty markets
Chris Townsend, Member of the Allianz SE Board of Management, comments: “Our commercial businesses have been united in ONE global model. With Allianz Commercial, we can service a fuller, more dynamic range of customers under our new unifying name – this gives us an...