After an extended period of rate increases across the (re)insurance...
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LIC remains 4th largest global life insurer in S&P’s latest ranking
Published a week back, S&P has Allianz SE, ($807 billion,...
Brazil says workers at China’s BYD site are victims of human trafficking
The investigation also brings unwelcome attention to BYD when it is...
Financial services an exciting aspect of UK-India FTA, says Rishi Sunak
Rishi Sunak,British Chancellor "Financial service is an area where there's an enormous opportunity for both of our countries. India's goal is to spread insurance across the entire economy because insurance is a great thing for enabling protection for individuals and...
RNRC is covering nearly all Russian reinsurance business
Igor Yurgens, head of the All-Russia Union of Insurers, told the same meeting on Friday that insurance companies from India and China are also staying away from Russia amid fears they will fall under secondary sanctions State-controlled Russian National Reinsurance...
Munich Re appoints Tobias Frenz as CEO of its Singapore Branch, Surbhi Goel to head, P&C in Singapore & Southeast Asia
As CEO Singapore, Frenz will be responsible for overseeing Munich Re’s long-term growth ambition in this important market, as well as our commitment to being a great employer that is dedicated to developing our diverse talent here.'' said Daniel Cossette, Chief...
Mass shooting insurance rates in U.S. jump as incidents rise
Demand for such insurance has risen following recent shootings, including the murder of 19 children and two teachers at a Texas elementary school last month, the United States' worst school shooting in nearly a decade Active shooter insurance typically covers victim...
India’s urban population to stand at 675 mn in 2035, behind China’s 1 bn: UN
By 2035, the percentage of the population in India at mid-year residing in an urban area will be 43.2 percent, said the United Nations-Habitat's World Cities Report 2022 China's urban population in 2035 is projected at 1.05 billion while the urban population in Asia...
Antoine Bavandi appointed as Gallagher Re’s Global Head of Public Sector, Parametric & Climate Resilience Solutions
Antoine will lead Gallagher Re’s newly established Public Sector & Climate Resilience Solutions global practice, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact London: Gallagher...
Populous Chinese province kicks off disaster insurance trials
The cities are encouraged to boost insurance coverage as much as their financial resources allow, the Henan government said China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by...
Cyber pirates can now penetrate modern ships’ key operations
Hapag-Lloyd AG, Germany’s largest shipping line, announced in April that it’ll become the first carrier to equip its entire fleet of containers with real-time tracking devices. Most of the large container lines use remote sensors for functions like monitoring engine...
Vulnerability driving emerging-world climate policy commitments: WTW analysis
Of 62 nations and territories assessed in the WTW Political Risk Index, the governments of Bangladesh, Malaysia, the Philippines, Chile, and Senegal are most strongly committed to prioritising climate when making public policy. Understanding a country’s vulnerability...
UK aims for quick reform of complex insurer solvency rules, says Sunak
Rishi Sunak, finance minister,UK Britain inherited Solvency II rules from the European Union, and reforming them is seen by the 2.2 trillion pound ($2.70 trillion) insurance industry and government as important for keeping the country's financial sector globally...