The quake hit at 9:05 a.m. (0105 GMT), with its epicentre located...
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Strong reinsurer appetite drives excess property catastrophe capacity at January 1:Guy Carpenter
Dean Klisura, President & CEO of Guy Carpenter. “Renewal...
Biden signs Social Security measure to expand benefits for some retirees
President Joe Biden "The bill I'm signing today is about a simple...
World Bank approves $100m to support Nepal’s green, resilient, and inclusive development
This shift will help the country continue to make progress on expanding and protecting prosperity while reducing poverty in the face of compounding challenges that affect Nepal's development, including COVID, disaster, climate and environmental risks," said Steve...
Uber sued by more than 500 women over assault claims
"While the company has acknowledged this crisis of sexual assault in recent years, its actual response has been slow and inadequate, with horrific consequences," said Adam Slater, a partner at Slater Slater Schulman "There is nothing more important than safety, which...
Allianz targets multinational insurance with new set-up and dedicated investments
Allianz's international corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is strengthening its capabilities, including a new market-facing team as well as dedicated investments in data and technology, and will expand its customer services...
India ranks low at 135th globally for gender parity; worst for health & survival: WEF
On the health and survival subindex, India ranked the lowest at 146th place and figured among the five countries with gender gaps larger than 5 percent -- the other four being Qatar, Pakistan, Azerbaijan, and China New Delhi: India was on Wednesday ranked low at 135th...
Global insurance premium to surpass $7 trillion in 2022 for the first time: Swiss Re
Among top 10 markets, only three- France, Canada and India(10th largest)- have recorded positive growth in overall premium in 2021 Non-life premiums are forecast to rise by 7.1% in nominal terms in 2022, amounting to $ 4.1 trillion globally by the end of the year Life...
Twitter sues Tesla CEO Elon Musk for violating $44 billion merger deal
Elon Musk "Musk apparently believes that he - unlike every other party subject to Delaware contract law - is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away," said the lawsuit Musk said he was terminating...
Chainproof launches as the World’s first regulated smart contract insurance provider
By combining forces with SOMPO and Munich Re, global leaders in (re)insurance, Chainproof is positioned to become the world's leading regulated smart contract insurance provider Chainproof plans to offer licensed, institutional-grade insurance coverage for...
Ships get older and slower as emissions rules bite
Supply chains are already strained due to a surge in demand as economies rebound from lockdowns, pandemic disruptions at ports and a lack of new ships. If older vessels move into the slow lane as well, shipping capacity could take another hit at a time when record...
India to surpass China as most populous country in 2023, U.N. report says
In 2021, the average fertility of the world’s population stood at 2.3 births per woman over a lifetime, having fallen from about 5 births in 1950. Global fertility is projected to decline further to 2.1 births per woman by 2050 India is set to surpass China as the...
China unveils action plan to improve domestic standards across industries
The plan covered a wide range of domestic industries, as well as setting out tasks to help achieve broader goals such as China’s net-zero emissions plan and better prevention of major epidemics and terrorism attacks China on Friday published an action plan to improve...