Perspectives were also shared by financial institutions and...
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SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore...
Korean Re launches operations in India’s GIFT City
JG Won, President & CEO, Korean Re, announcing the launch of...
APAC presents an attractive growth narrative, facilitating sustained reinsurance capacity: S&P report
However, challenges are emerging, including rising physical risks, a slower economic outlook, and still costly retrocession cover, which may increase margin volatility, cautioned the report HONG KONG: Asia-Pacific continues to present an attractive growth narrative,...
India faces 24.7 pc GDP loss by 2070 due to climate change: ADB report
"India is reported to have the highest number of affected individuals and damage costs, with residential losses being predominant," the report said New Delhi: Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by 2070 across...
New India turns profitable at Rs 71 crore in Q2FY25
Girija Subramanian, CMD, NIA, said, "It gives me immense satisfaction that the operating metrics have improved, with loss ratio as well as combined ratio being lower than the same period last year with profit after tax showing a 5x increase. While the premium growth...
Ayushman Vaya Vandana Card to provide free hospital treatment to all above 70 years: PM Modi
Data shows that just about 20 per cent are covered by any health insurance with further variation across socio-economic categories, even as the majority of elderly face one or more chronic diseases and with increasing age, the challenges relating to activities of...
IFSCA chief Rajaraman to address 3rd edition of IIA annual event on Nov 20 in Mumbai
K Rajaraman,, chairperson, International Financial Services Centres Authority As `Insurance for All by 2047’ based on the principles of inclusive insurance has become a central objective the Indian government, insurance regulator IRDAI, the IIA Annual Event 2024 ...
“I apologize to all elderly people in Delhi, West Bengal”: PM Modi tears into opponents of Ayushman Bharat Yojana
Prime Minister Narendra Modi Prime Minister launched a portal for allied and healthcare professionals and institutes. It will act as a centralised database of existing healthcare professionals and institutes New Delhi: Prime Minister Narendra Modi on Tuesday unveiled...
WTW expands Japan’s corporate risk & broking business with new insurance brokerage service
``Working closely with the international and domestic insurance markets, we will focus on the speciality segments, particularly for large corporates and Japanese companies with overseas business interests. These include those in Natural Resources, such as Power...
Tokio Marine Kiln appoints Alexandros Ampatzis as Head of Marine in APAC
Alexandros Ampatzis, Head of Marine, APAC, said,“TMK’s market-leading offering, combined with its reputation for strong growth and innovation, makes it an exciting time to be joining the business. There are impressive ambitions to grow the proposition even further and...
Lockton acquires Arihant Insurance Broker, receives IRDAI approval
Lockton, the world's largest independent insurance brokerage, had announced its entry into the Indian market in January this year and had acquired Arihant Insurance Brokers in June from Arihant Capital Market Ltd. Hyderabad: US based Lockton is now a licensed...
Regulatory changes to provide necessary push to surety bonds business say experts
"The expectation that surety bonds should be cheaper than bank guarantees is unsustainable for insurers. Issues related to pricing, reinsurance options, and lack of clarity on indemnity documents further hinder progress. The Indian Contract Act and Insolvency and...