Most of the exposure from the July 28 quake in Kumamoto is tied to...
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Lohiya launches New India’s first sovereign-backed P&I cover under BMIP, war risk prm falls 35-40%
L to R: Debasish Prusty, additional secretary,Department Financial...
ICICI MF buys 1% stake in Go Digit General Insurance for ₹139 cr
The transaction was executed on Wednesday at an average price of Rs...
Maximum Information launches PsiClone ahead of North Atlantic hurricane season
“PsiClone is designed to help close that gap by connecting live forecast data directly to exposure monitoring and operational decision-making. The goal is to help insurers and stakeholders respond earlier and reduce the time to payout when it matters most,''Tom Philp,...
Red Sea tensions rise as Houthis target Israeli ships
The move comes as the Iran war drags into a fourth month and hostilities flare across the region, threatening to derail a fragile truce and complicate negotiations toward a peace deal. The conflict has led to the near-closure of Hormuz, forcing key Middle Eastern...
Hedge funds tap growing market for disaster risk
Now, some of the world’s biggest hedge funds and banks want to incorporate the expertise of catastrophe-risk professionals across a broader chunk of the finance sector, as the skills required to model natural disasters become increasingly relevant for asset values in...
India Health Quotient: Balancing Physical, Mental, Financial, Occupational and Social wellbeing
"Health conversation in India is changing, people are no longer asking just how do I get treated, but how do I stay well.India scores 65 out of 100 across five dimensions of health: physical, mental, financial, occupational and social. Financial dimension scores the...
Fire reported on oil tanker with 24 Indian seafarers; all crew safe, says shipping ministry
The Madagascar-flagged MT Marivex reported a fire around 1.30 pm IST, Opesh Kumar Sharma, a director in India’s Ministry of Ports, Shipping and Waterways, said at a news briefing. New Delhi: A fire was reported aboard an oil tanker carrying 24 Indian seafarers off the...
Majority of aviation insurance professionals rank geopolitical instability as the sector’s biggest threat: IUAI survey
"The findings highlight a continued shift towards risks that are systemic, interconnected and often originate outside the aviation sector itself. Geopolitical instability, claims inflation, cyber threats and supply chain disruption all have the potential to create...
A 7.8 magnitude quake in the Philippines kills at least 19, fells buildings and sets off a tsunami
It was the strongest quake to strike the Philippines this year, and was was centered at sea off Mindanao, the second most populous island in the Philippines. According to Bacolcol, the quake occurred at a depth of 33 kilometers (20 miles), about 32 kilometers (20...
US strikes Iranian sites after Iran launches drones, in latest Gulf flare-up
Iran’s Revolutionary Guards said they had attacked U.S. bases in Kuwait and Bahrain in retaliation for U.S. strikes and fired at four tankers trying to cross the strait without its permission. DUBAI/WASHINGTON: U.S. forces struck Iranian coastal radar sites on...
India’s GDP expands 7.8% in Q4, full year growth hits 7.7%
Prime Minister Narendra Modi said the 7.7 per cent GDP growth for fiscal 2025-26 shows the foundation of India’s economy was strong, and the country can manage itself amidst the ongoing global turmoil with the collective effort of its 140 crore citizens. He maintained...
Kiwi General Insurance launches operations
“Indian consumers have a real trust deficit in insurance. With Kiwi, we're using technology and AI to solve the problems of affordability, reach, and convenience,“ Nilesh Garg,chairman,founder, Kiwi Insurance Mumbai:Bengaluru based Kiwi General Insurance, backed by...