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Govt clears Mundayur’s appointment as CMD of New India Assurance
Lavanya R Mundayur, CMD, New India Assurance With 35 years of...
Swiss Re establishes exclusive partnerships with Bajaj General Insurance in India
Andreas Berger, Group CEO, Swiss Re The plan is to provide...
War Risk Insurance: Preparing for a new Geopolitical Reality
Rising geopolitical tensions are turning war from a distant threat into a tangible business risk for Indian companies exposed to global trade, shipping and supply chains. With conventional insurance policies largely excluding war-related losses, businesses need to...
EV Transition: Plugging in new insurance solutions
India’s electric mobility revolution is moving from promise to reality, with EV sales recording strong growth across segments. As adoption accelerates, insurers must rethink traditional motor cover to address battery risks, charging infrastructure, specialised...
Wildfires fan record sales of Cat Bonds to backstop risk
Wildfire risk is now the fastest-growing category of natural-catastrophe peril globally, with insured losses rising roughly 12% a year, according to KatRisk, a risk modeling firm. At the same time, investors are getting more comfortable with the financial models being...
SC says catastrophically injured child loses childhood, dignity and future, enhances compensation
Recomputing the compensation under various heads, including future earnings, attendant charges, pain and suffering, loss of amenities and future prospects, the Supreme Court enhanced the compensation to Rs 83.38 lakh with interest at 9 per cent per annum from the date...
100 pc FDI can make insurance more cheaper: Sanjeev Mantri
Sanjeev Mantri,MD&CEO, ICICI Lombard General Insurance said that the penetration will not suffer even if regulator Irdai changes the commission structures to the proposed persistency-based one rather than the long-standing one of payments to distributors over the...
GI Council defends fever admission advisory, says it controls misuse by hospitals and inflating of premiums
Between 2019 and 2024, unnecessary hospital admissions have surged dramatically. Data shows Rs 94,247.6 crore in total health claims settled in 2024–25, with cashless-only admissions accounting for 66.4 per cent of the volume.The insurance industry receives hundreds...
Drone strike in Egypt sparks security concerns about Suez oil exports
"The passage through the Red Sea, even via the longer Mediterranean route, could be put at risk, which threatens up to five million barrels per day of oil supply that can currently bypass the Strait of Hormuz," said Saul Kavonic, head of energy research at advisory...
Saudi Arabia unveils plans for multinational maritime defence coalition
The coalition would strengthen maritime security, safeguard freedom of navigation, secure international trade routes and energy supply lines, and protect shared maritime interests in the Bab el-Mandeb Strait and the Gulf of Aden. Saudi Arabia on Thursday unveiled...
AI to reshape insurance economics, drive scale and specialisation: McKinsey
The report said insurers will increasingly have to choose between competing through scale and cost or through deep specialisation, while building the technology, data and operating capabilities required to respond at "technology speed". Companies that delay AI...
Climate change made ‘fire-prone’ weather conditions more likely in Spain and France, scientists say
“We’ve seen repeatedly how climate change increases hot, dry, flammable conditions that are extremely conducive to wildfires," said Clair Barnes, a research associate in extreme weather at Imperial College London, who co-authored the WWA analysis. BRUSSELS:...