There will be sizable insured losses, and the conflict could have...
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Black Swan scenarios: Crisis of geopolitical instability and interconnected risks
According to new Allianz Risk Barometer analysis,respondents in...
London marine insurers widen high-risk zone in Mideast Gulf as conflict escalates
Gulf war risk premiums have risen fivefold in recent days compared...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re
Balz Grollimund, Swiss Re's Head of Catastrophe Perils, said: "Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country with...
`Golden hour’ cashless treatment scheme for road accident victims to be implemented within a week, Govt to SC
Additional Solicitor General Vikramjit Banerjee appearing for for the Centre submitted that the GI Council was not cooperating. He informed the Court that the GI Council wanted to check the status of insurance policies of the victim before releasing funds and had...
Wage Revision: Meeting among GIPSA, DFS and unions of 6 PSU general insurance cos postponed to Apr 30
On Sunday afternoon, GIPSA had informed the unions that the meeting has been postponed due to an urgent engagement of DFS officials New Delhi: Disappointing 35,000 work force of the PSU general insurance industry, the much awaited meeting among all the stake holders...
Finmin targets to introduce Insurance Amendment Bill in Parliament during monsoon session
Nirmala Sitharaman,Finance Minister Finance Minister Nirmala Sitharaman in this year's Budget speech proposed to raise the foreign investment limit to 100 per cent from existing 74 per cent in the insurance sector as part of new-generation financial sector reforms New...
Bajaj Allianz General unveils retail parametric cover for climate risks
L to R -Alpana Singh, Head - Bancassurance, Agri and Govt Business, Bajaj Allianz General Insurance (BAGIC),Kripan Ghosh, Deputy Director General and Head, Agricultural Meteorology Division, Climate Research and Services, IMD Pune, Tapan Singhel, MD & CEO,BAGIC at...
Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re
Swiss Re's Chief Underwriting Officer Casualty Laure Forgeron said: "The global motor insurance market is both dynamic and rapidly evolving. At this moment, the introduction of new tariffs will have a material impact by increasing repair costs and putting supply...
3 more Russian insurers seek India’s nod to provide cover for oil tankers
The move comes as growing scrutiny of Russia's oil supply chain by Washington and the European Union, including compliance with a price cap set by G7 for the use of Western ships and insurance, makes it increasingly difficult for Moscow to export its oil.India has...
Renewable Energy: Nat Cat and unmodelled extreme weather risks emerge as a defining challenge
A new report by GCube Insurance calls for action from insurers, developers, and financiers to close the global renewables risk management gap. This will involve enhancing data accuracy through updated Nat Cat modelling, optimising asset design to withstand emerging...
Aditya Birla Capital becomes a corporate agent
After selling its insurance broking unit, Aditya Birla Capital Limited has announced that it has secured approval from the IRDAI to operate as a Corporate Agent (Composite). The license, granted on April 21, 2025, allows the company to solicit Life, General, and...
SBI Gen’s net profit more than doubled to Rs 509 crore in FY 25
Naveen Chandra Jha, MD & CEO, SBI General Insurance Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “We have been consistently growing faster than the market. In FY25, our GWP grew by 11.1 per cent, 70 per cent faster than the industry growth of...