Indian companies today are dealing with a very different risk...
Category:
Non-Life
Latest
Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull &...
Foetus older than 5 months would be treated as ‘person’ in eyes of law,entitled for compensation: HC
Justice Prashant Kumar of the court's Lucknow bench held that a...
China unveils $1.4 trillion local debt package but no direct stimulus
In an apparent reaction to the U.S. election and the intensifying risks to trade, state media CCTV reported that China's cabinet on Friday approved expanding coverage of export credit insurance and will step up support for trade firms Low wages, high youth...
Emerging Indian Risks: Managing political, technological, environmental, economic, and competitive forces
Neelesh Garg, Managing Director & CEO,TATA AIG General Insurance Company As benign risk environments fade, resiliency is key to thriving amid challenges. Emerging risks are grouped into four categories: Known Knowns (predictable risks), Known Unknowns (risks with...
To bring down deaths safety must get highest priority while constructing roads Gadkari
Nitin Gadkari,Union Minister of Road Transport and Highways "Every year 1.50 lakh deaths due to road accidents are reported which has now increased to 1.68 lakh. Efforts are on to improve the shortcomings in road engineering and automobile engineering but defective...
Andhra CM launches demo seaplane flight from Vijayawada to Srisailam
With seaplane services, the state government aims to position Andhra Pradesh at the forefront of India's water-based aviation sector Amaravati: Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday launched a seaplane demo flight operation from Prakasam...
Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash floods that hit the Valencia region on Oct. 29 will have limited effects on private insurers and reinsurers. Around 4,500 businesses in the Valencia area have been directly affected, half of which face...
Irdai chief pitches for 100 pc FDI in insurance sector
"And if the FDI route is also opened that will only augment the domestic investment as well, otherwise, domestic investment may get crowded out. … perhaps its time to open up for 100 per cent FDI so more players who want to come and operate on their own terms without...
SC notice to Centre on plea to include ayurveda, yoga in Ayushman Bharat
The plea, which sought inclusion of the practices in PM-JAY, also known as Ayushman Bharat, said the inclusion would allow a significant portion of the country’s population to avail affordable healthcare benefits and wellness in various serious diseases, apart from...
New leaders at Hannover Re: Clemens Jungsthöfel to succeed Jean-Jacques Henchoz as CEO from 1 April 2025
Clemens Jungsthöfel , CFO and CEO designate, Hannover Re Further Christian Hermelingmeier, 43, CFO, HDI Global SE, moves within the Group as CFO to Hannover Re from 1 April 2025. His successor at HDI Global SE will be Stefan Pasternak, 50. Currently, he is CFO at...
Innovative Climate risk insurance: PCRIC and WTW renew covers for 6 Pacific island nations
For 2024 and 2025, PCRIC now provides insurance for tropical cyclones, heavy rain, earthquake, and tsunami risk to six Pacific governments: the Cook Islands, Fiji, Niue, Tonga, Samoa, and Vanuatu, as well as the state-owned telecommunications company PNG DataCo in...
Swiss Re to sell iptiQ’s European P&C business to Allianz Direct
The acquisition will expand Allianz Direct's footprint further into the B2B2C segment as it is taking over more than 130,000 iptiQ customers. The transaction is in line with Allianz Direct's goal to expand its B2B2C operations as it can capitalise on iptiQ's...