While organisations in Asia race to adopt new technologies such as...
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Tougher US sanctions to curb Russian oil supply to China and India
Sanctions on Russian oil insurers will prompt Russia to price its...
New U.S. sanctions against Russian energy interests
Two Russia-based maritime insurance providers: Ingosstrakh...
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...
$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:...
Rising cost may hurt Indian insurance industry: YouGov’s global Survey
In a recent survey, YouGov asked consumers across 18 markets in which areas would they first make cutbacks if their household budget is squeezed due to increase in cost of living. Over a tenth (13%) of global consumers answered insurance policies or premiums The...
New global alliance launched to end AIDS in children by 2030
UNAIDS Executive Director Winnie Byanyima argues, “by bringing together new improved medicines, new political commitment, and the determined activism of communities, we can be the generation who end AIDS in children. We can win this – but we can only win together.”...
Ukraine makes its first shipment of grain since Russia’s invasion
Scores of ships are stuck in the ports dotted along the Black Sea and are expected to begin moving out in “caravans” if all goes well However, shipowners will have to secure insurance for cargoes and vessels, and also find enough crew to sail them Ukraine made its...
U.S. crop insurers post record-high premium growth on rising commodity prices and innovation
Revenue policies make up the bulk of the premium for the MPCI program, according to the report, so the loss ratio for revenue products has the most significant impact on the overall results of the program OLDWICK, N.J: Premiums in the US multi-peril crop insurance...
Floods now Australia’s second costliest weather event, insurers pay $2 billion in claims
The latest figures reveal insured losses have increased six per cent from last month to a record-breaking $5.134 billion The average claim is $22,000, with personal claims averaging $17,000 and commercial claims averaging $71,000 New data, released by the Insurance...
China announces military exercise opposite Taiwan
The ruling Communist Party’s military wing, the People’s Liberation Army, was conducting “live-fire exercises” near the Pingtan islands off Fujian province from 8 a.m. to 9 p.m., the official Xinhua News Agency said. The Maritime Safety Administration warned ships to...
Global re/insurance industry’s Blockchain platform B3i files for insolvency
“The directors, following consultation with the shareholders, have collectively concluded that there was not sufficient support to continue with the venture at this stage,” said an announcement on the company’s website B3i is supported by over 21 of the largest...
Lloyd’s insurer Ascot and Marsh launch marine cargo and war insurance for grain moving from Ukrainian Black Sea ports
Bruce Carnegie-Brown,chairman, Lloyd's The Lloyd’s of London facility will provide up to $50 million of cover in marine cargo and war insurance, Lloyd’s, Ascot and Marsh said in a statement Premiums to go into the broader Black Sea area have risen sharply, to as much...