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Public-private insurance programmes must boost risk reduction to keep disasters insurable:Geneva Association
Jad Ariss, managing director of the Geneva Association, said,...
General Insurers’ total Jan premium rises 15% to Rs 33,346 crore
With another two months, February and March, to go before the...
Reinsurers differ on expectations for pricing in Jan 2025 renewals: Fitch survey
``We believe the pricing cycle has most likely passed its peak and we expect a softer market in 2025 due to the sector’s abundance of capital. We recently revised our global reinsurance sector outlook to ‘neutral’ from ‘improving’ to reflect this,'' said Fitch London:...
20TH SIRC: Singapore Dy PM Gan Kim Yong to deliver keynote address
“With the strong line-up of panels and a dynamic meeting agenda fostering robust debate, we are excited to bring the global industry together for yet another year to shape the future of the reinsurance industry,'' Marc Haushofer, Chair of the SRA Singapore: The...
Zurich Kotak General Insurance to scale up its commercial insurance portfolio, Ajey Hegde to head the unit
Sean Walker, Head of Commercial Insurance & Chief Technical Officer, APAC, said, “As Indian businesses continue to grow, Zurich Kotak is well-positioned as a key risk management partner, helping commercial customers better understand and navigate current and...
MSIG Insurance launches health policy to cover Parkinson’s disease and Alzheimer’s disease in Singapore
A patient afflicted with dementia is estimated to incur $1.6 million in expenses if the individual survives for 10 years.3 Without CI plans to mitigate medical inflation, ongoing treatments for critical illness may be beyond the means of average Singaporeans...
Mercedes Benz fire incident may slow down EV transition in South Korea
Although batteries are a critical component in electric cars and can pose serious safety risks if not properly manufactured or managed, automakers have so far kept the identity of their battery suppliers confidential, not just in Korea but around the globe. A...
AB PM-JAY: World’s largest government-funded health insurance scheme in six years of launch
J.P. NaddaUnion Health Minister Ayushman Bharat has become a lifeline today, with more than 60,000 patients getting free treatments daily and crores of families getting 'insulated' from exorbitant medical expenses New Delhi: Ayushman Bharat has become a lifeline...
MGU Fidelis Partnership concludes $2bn refinancing transaction led by Blackstone for business growth
The MGU plans to expand in the Middle East, Africa, Asia and Latin America, all of which have increasing demand for specialist (re)insurance solutions, enhanced by Lloyd’s licensing and TFP’s new Abu Dhabi office PEMBROKE, Bermuda: The Fidelis Partnership (“TFP”), a...
French reinsurer CCR Re changing name to Arundo Re from next Jan 16
CCR remains a minority partner with a 25 per cent stake in the reinsurer. The deal allowed CCR to help make CCR Re fully autonomous and to implement an industrial and social project. CCR has a put option and would be able to sell its residual interest in 2026 Paris:...
Nadda slams Punjab Govt for mismanagement of Ayushman Bharat payments, Punjab accuses Centre of discrimination
The Private Hospital and Nursing Home Association (PHANA) in Punjab has stopped cashless treatment under the government's health insurance schemes, including the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) New Delhi: The ruling AAP in Punjab Saturday...
Luxury carmakers Mercedes, Audi see record sales in festive season
This year, the luxury car industry in India will surpass 2018 volumes and reach the 46,000-47,000 unit mark. Delhi and Mumbai continued to lead the demand for our products in the festive season. We also continue to witness good demand from Hyderabad, Kolkata, Chennai,...