President Donald Trump Shipping companies and insurers have begun...
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“Too early to assess economic impact on region, global economy”: IMF on West Asia conflict
The IMF also mentioned that it has "observed disruptions to trade...
Middle East Conflict Risks:Global reinsurers shielded by robust capital and earnings
There will be sizable insured losses, and the conflict could have...
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:...
M&A Insurance claim costs rise despite drop in number of claims, Tighter underwriting terms expected
GTS’ Americas region saw the smallest decline in R&W notification count in 2023 and was the only region to register an increase in notifications in Q1 2024. The Europe, Middle East and Africa region saw a notable drop in R&W notifications in 2023, but it was...
Tokio Marine Group partners with Resilient Cities Network to accelerate investments in urban resilience
The new partnership will see Tokio Marine Group companies provide expertise and support to the Taskforce with a focus on developing commercially viable finance and insurance solutions for project portfolios that enhance climate resilience in more than 100 cities. At...