Balz Grollimund, Head Catastrophe Perils at Swiss Re, said: "The...
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AI Data centers are on track to fuel ‘Explosive’ growth in Captive Insurance
AM Best, an insurance-focused credit rating firm, says the roughly...
August domestic passenger vehicle dispatches rise 36.5 pc YoY to 4,39,309 units: SIAM
Total two-wheeler sales increased 10.5 per cent to 20,34,698 units...
Yemen’s Houthis say they attacked Saudi oil tankers in Red Sea, Gulf of Aden
The group said last month that it would begin attacking Saudi vessels in retaliation for a blockade on Yemeni ports. That added a new risk to global energy markets, with the Iran war already restricting flows through the Strait of Hormuz and Saudi Arabia relying on...
Shipping through Hormuz declines as Red Sea traffic drops to lowest since June 1: S&P Global
The report, said, "Crossings through the Strait of Hormuz reached 15 on August 3, down from a revised figure of 19 a day earlier," based on data from S&P Global MINT and S&P Global Commodities at Sea. New Delhi: Shipping activity through the Strait of Hormuz...
ADB expands credit insurance programme with 4 global insurers, to unlock $2.5 billion lending across Asia-Pacific
Four insurers are—Sompo Japan Insurance, Mitsui Sumitomo Insurance, HDI Global and SCOR Business Solutions—are joining the programme for the first time. Under the arrangement, participating insurers will cover a portion of losses arising if financial institutions fail...
SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately
The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...
War Risk Insurance: Preparing for a new Geopolitical Reality
Rising geopolitical tensions are turning war from a distant threat into a tangible business risk for Indian companies exposed to global trade, shipping and supply chains. With conventional insurance policies largely excluding war-related losses, businesses need to...
EV Transition: Plugging in new insurance solutions
India’s electric mobility revolution is moving from promise to reality, with EV sales recording strong growth across segments. As adoption accelerates, insurers must rethink traditional motor cover to address battery risks, charging infrastructure, specialised...
Wildfires fan record sales of Cat Bonds to backstop risk
Wildfire risk is now the fastest-growing category of natural-catastrophe peril globally, with insured losses rising roughly 12% a year, according to KatRisk, a risk modeling firm. At the same time, investors are getting more comfortable with the financial models being...
SC says catastrophically injured child loses childhood, dignity and future, enhances compensation
Recomputing the compensation under various heads, including future earnings, attendant charges, pain and suffering, loss of amenities and future prospects, the Supreme Court enhanced the compensation to Rs 83.38 lakh with interest at 9 per cent per annum from the date...
100 pc FDI can make insurance more cheaper: Sanjeev Mantri
Sanjeev Mantri,MD&CEO, ICICI Lombard General Insurance said that the penetration will not suffer even if regulator Irdai changes the commission structures to the proposed persistency-based one rather than the long-standing one of payments to distributors over the...