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Adam Sullivan appointed CEO of Asia for Gallagher Specialty
Adam Sullivan,CEO,Specialty,Asia SINGAPORE: Gallagher today...
IRDAI’s mandatory online Reinsurance Exchange begins on Apr1, to include brokers, offline payment
This innovative system, with a view to transforming India’s...
Cyber Insurance: Largest potential lies in the SME opportunity, says Swiss Re
Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America dominates with 70% premium share followed by Europe (19%) and APAC (8%) according to Swiss Re data. This not only illustrates the varying cyber market maturity levels around the globe but also underpins the...
8th Bima Manthan: IRDAI and Insurers brainstorm implementation of IFRS and Cyber security measures
In an era where digital transformation is reshaping industries, cybersecurity has emerged as a paramount concern, with an alarming rise in cyber threats. There was dialogue on urgency of strengthening Information Systems (IS) security, which emerged as a critical...
End the secrecy: Insurers call on the EU to regulate private Third-Party Litigation Funding
Currently, the practice whereby private investors who are not party to the legal dispute, finance legal proceedings in exchange for a share of any financial award, is not properly regulated at European level Brussels: Insurance Europe, together with ten other...
DFC provides $50 million in new political risk insurance to expand War Insurance for Ukraine business
The facility will create a portfolio of war risk insurance policies for companies operating in Ukraine, support ARX in expanding its war risk insurance offering in Ukraine, and unlock more than $200 million in new coverage for static assets in Ukraine WARSAW: The U.S....
Lloyd’s revamps its data, operations and change departments, opts for outsourcing
Lloyd’s oversees a market of nearly 50,000 underwriters and brokers in London. It is in the process of upgrading its technology, moving away from being a totally face-to-face market, where brokers and underwriters meet on the trading floor of its tower in the City of...
India to shift to ‘smartphone era’ for cars embracing 5G, advanced AI in 2025: Report
Most cars priced at Rs 20 lakh and above will feature these technologies as standard. The cumulative revenues from automotive chipset companies have already surpassed USD 1.5 billion, with companies like Qualcomm and MediaTek leading the market India is set to enter a...
“Judiciary has crucial role in upholding environmental laws” NGT chairperson
Justice Prakash Shrivastava, Chairperson, National Green Tribunal "Representing India at COP29, the NGT Chairperson delivered a key address emphasising the crucial role of the judiciary in upholding environmental laws, particularly in the areas of forest protection,...
Bharat Panchal appointed as chief risk, security, and stakeholder management officer of Bima Sugam
In another key appointment, Bima Sugam India Federation has appointed Bharat Panchal, a three-decade IT veteran having experience in fintech, banking, and telecommunications sectors, as its chief risk, security, and stakeholder management officer. Recently, Prasun...
Cloud investments: Majority of banks and insurers struggle to maximize the value
“Cloud adoption should be viewed as the start of a transformative journey that fuels long-term business growth, rather than the end game or destination. What’s clear from our research is that while the technology is seen by financial institutions as a building block,...
Zurich appoints Alok Agarwal from ICICI General as head its Indian non-life JV
Alok Agarwal, MD&CEO- designate, Zurich Kotak General Insurance Agarwal , who started his career with Reliance Industries in 1989 , is an old hand in the Indian general insurance industry and has spent over 22 years in ICICI Lombard General Insurance Mumbai:...