The Singapore Reinsurers’ Association (SRA) Chair, Marc Haushofer...
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Typhoon Mawar is most powerful storm of 2023, so far
Mawar is now one of the three strongest storms ever to hit the...
Dutch watchdog looking into alleged Tesla data breach
The data protection office in Brandenburg, which is home to Tesla’s...
Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market
Although European governments have not followed Washington by creating new sanctions, banks, insurers and shippers are gradually severing ties with Iran under pressure from the U.S. restrictions, making trade with Tehran complicated and risky.
Europe’s insurers tumble on report Amazon eyeing home insurance move
The STOXX 600 insurance sector index .SXIP hit a session low after a report in The Information, citing an unnamed source, said Amazon.com had contemplated offering home insurance as an offshoot of its home connectivity business
Threats from Conflict and Terrorism account for more than half of Indian cities’ Risks:Lloyd’s Report
• Indian cities in top 10 globally for civil conflict and terrorism risks
• Delhi, at US$3.5bn, is the highest ranked city in South Asia for economic output at risk
• Flood and tropical windstorm threats account for 12% of India’s risk landscape
• Indian cities among the least resilient in the world
Global airlines making profits despite looming threat of trade war, high fuel cost: IATA
The International Air Transport Association (IATA) expects the airlines to achieve a collective net profit of USD 33.8 billion, at a net margin of 4.1 per cent, in 2018 compared to a record USD 38 billion last year.
India extracts more groundwater than China-US, says study
“The country accounts for one-fourth of the total groundwater extracted globally, more than the water extracted by China and the United States combined. Severe groundwater depletion in the north and central India, already home to some of the poorest communities, further threatens their access to water,”
China’s insurance premium income drops in January-April
BEIJING: China's insurance sector saw premium income drop 7.8 percent year on year to 1.7 trillion yuan (about 260 billion U.S. dollars) in the first four months of the year, said Chinese official agency quoting according to official data. The...
Low single-digit reinsurance rate hike at June1 renewal, JLT Re
David Flandro, Global Head of Analytics, JLT Re, said, “Dedicated reinsurance sector capital has been very strong with growth of over USD 10 billion during the first half of 2018, following roughly USD 7 billion of new capital raised in the final four months of 2017. This affirms the now established trend of third-party capital rapidly entering the sector post-loss to fill the gap more or less immediately.
Swiss Re highlights five top risks for re/insurance industry
• Emerging geopolitical risks, the re-emergence of asbestos and risks from new technologies such as cyber, biased algorithm or the erosion of risk diversification pose the largest challenges
• Other risks are in the health and environmental area, such as people sleeping less and issues around environmental liability
Digital agility is key for insurers as BigTechs ponder entering the market:World Insurance Report
Almost 30 percent of customers globally are willing to buy insurance products from BigTech companies such as Amazon and Google, spurring a greater need for traditional providers to develop future-ready operating models to satisfy evolving customer preferences
SoftBank’s talks for minority investment in Swiss Re fails
Swiss Re will further explore business ideas between Swiss Re’s operative entities and the portfolio companies of SoftBank.