The industry is anticipating robust demand during the peak festival...
Category:
Non-Life
Latest
Indian insurance and pension segments record fastest growth, up 11.4%, ahead of deposits in 2025: Allianz Report
In India, insurance and pensions grew fastest, up 11.4%, ahead of...
Jio Allianz General Insurance receives Rs 640 crore of fund infusion, to announce a new CEO shortly
Industry sources have said though a few names including Deepak...
Global Shipping groups urge UN to reject any compulsory transit tolls in Hormuz
“Once such a precedent is established, it becomes increasingly difficult to resist similar measures elsewhere, creating uncertainty for international shipping and global commerce,” wrote the group, which included the International Chamber of Shipping, BIMCO, the World...
Everest to sell Mexico insurance operations to Fairfax
The transaction follows Everest's recent announcements of agreements to sell its Colombia and Canada insurance operations as part of its planned exit from its remaining commercial retail insurance businesses. It is expected to close in 2027, subject to customary...
Favorable insurance market conditions continue despite increasing risk complexity, Aon Report
"The most pronounced impacts are in Marine Hull & War, Marine P&I, Aviation, and Terrorism & Political Violence, where insurers are exercising greater underwriting discipline, repricing risk and placing increased emphasis on policy terms and conditions....
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive massive sector growth in India. Liberalization, competition and regulatory changes will shape the insurance sector's development," the S&P report said. New Delhi:India's insurance sector is poised...
Swiss Re strikes exclusive partnerships with India’s Bajaj General Insurance
Ivan Gonzalez,CEO, Swiss Re Corporate Solutions said: "Our partnerships with Bajaj General Insurance and GNP Seguros mark the beginning of a new era in how we serve clients in India and Mexico, two of the world's fastest-growing commercial insurance markets. Together,...
Yemen’s Houthis say they attacked Saudi oil tankers in Red Sea, Gulf of Aden
The group said last month that it would begin attacking Saudi vessels in retaliation for a blockade on Yemeni ports. That added a new risk to global energy markets, with the Iran war already restricting flows through the Strait of Hormuz and Saudi Arabia relying on...
Shipping through Hormuz declines as Red Sea traffic drops to lowest since June 1: S&P Global
The report, said, "Crossings through the Strait of Hormuz reached 15 on August 3, down from a revised figure of 19 a day earlier," based on data from S&P Global MINT and S&P Global Commodities at Sea. New Delhi: Shipping activity through the Strait of Hormuz...
ADB expands credit insurance programme with 4 global insurers, to unlock $2.5 billion lending across Asia-Pacific
Four insurers are—Sompo Japan Insurance, Mitsui Sumitomo Insurance, HDI Global and SCOR Business Solutions—are joining the programme for the first time. Under the arrangement, participating insurers will cover a portion of losses arising if financial institutions fail...
SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately
The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...