India’s foreign ministry spokesperson, Randhir Jaiswal, said...
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Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re
``According to our modelled peak-loss scenario, insured losses...
Nearly 45% of Indian road accidents fatalities involve 2-wheelers, says Secy, MoRTH
Reaffirming the Government’s focus on high-risk areas, he informed...
Chubb appoints Janene Blizzard as Head of Accident & Health for Asia Pacific
Based in Singapore, Blizzard will report to Marcos Gunn, Regional President, Asia Pacific, with a matrix reporting line to Daniela Hernandez, Division President for International A&H, Overseas General Insurance Singapore: Chubb announced today the appointment of...
Swiss Re appoints Bernhard Kaufmann Group CRO as Patrick Raaflaub retires
Prior to this role, Bernhard Kaufmann was Chief Risk Officer at NN Group and held various senior leadership roles at Munich Re Group, most recently as Group Chief Risk Officer Zurich: Bernhard Kaufmann has held Chief Risk Officer positions in the re/insurance industry...
TATA AIG General launches new health cover
TATA AIG General Insurance today announced the launch of MediCare Select, a next-generation health insurance solution aimed at expanding healthcare access across India. As part of this broader strategy, TATA AIG aims to expand its hospital network from 11,500 to over...
Tata AIG Claim Fraud: Key accused held in Rs 30 crore fake car repair scam
“The Tata AIG General Insurance alleged that six garages across Delhi-NCR, in collusion with four former employees, three licensed surveyors, and some policyholders, submitted fake invoices for repairs that were never carried out, thereby defrauding the insurer of...
Harassment in settling insurance claims by hospitals ground for compensation, not criminal offence: Delhi HC
Justice Neena Bansal Krishna made the observations while dealing with a lawyer's plea against a sessions court order refusing to uphold the summons issued to a private hospital here by a magisterial court on his complaint New Delhi: Harassment faced by a client during...
Ratings: Crisil affirms New India, downgrades National Insurance and United India
NIA's rating is driven by the company’s leadership position in the Indian general insurance industry, its sound investment portfolio, healthy capitalisation and solvency position, and the strategic importance to and support derived from the parent, the Government of...
Lloyd’s broker UIB charged by UK over alleged Ecuador bribes
UIB sold reinsurance services to state-backed insurers covering parts of the Ecuadorian public sector, including the state water and electricity companies between 2013 and 2016, the SFO said. The broker is accused of £3 million to intermediaries who then bribed an...
India urges global support for small farmers amid climate change, price challenges
"We cannot leave smallholders to fight these challenges alone. They need our policy support," Agriculture Minister Shivraj Singh Chouhan said, describing agriculture as not merely an economic activity but a source of "livelihood, food, and dignity" for millions New...
Govt plans to ease nuclear liability laws to attract foreign firms, sources say
A draft law prepared by the department of atomic energy removes a key clause in the Civil Nuclear Liability Damage Act of 2010 that exposes suppliers to unlimited liability for accidents. The draft law also proposes a lower liability cap on small reactor operators at...
US cyber insurance premium shrinking to continue: Fitch
The cyber insurance line was profitable for 2024, but direct written premiums fell for the second straight year due to declining rates and fewer policies in force U.S. cyber insurance renewal premium rates have fallen YoY for the last three quarters and are...