This debt fund will invest in small to medium-sized commercial...
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D&O Market in 2026:Geopolitics and cyber drive risk exposures
For D&O insurers, the US especially is a highly complex market...
Black Sea shipping insurance rates rise after Ukraine attacks tankers
War risk rates for a typical seven-day voyage period, which are set...
Clean up begins after at least one dead in heavy UAE rain, floods
Climate scientists say that rising global temperatures, driven by man-made climate change, is leading to more extreme weather events, including intense rainfall like the UAE storm DUBAI: - Authorities and communities across the United Arab Emirates were clearing...
Global property insurers see ‘alarming’ losses as risk models lag, report says
"Accurate risk prediction and pricing are becoming increasingly challenging and leading to insurability concerns," Anirban Bose, Capgemini financial services strategic business unit CEO, said in the report LONDON: Global property and casualty insurers showed...
ICICI Lombard General net profit rises 19% to Rs 520 crore in Q4 FY 24
The company’s combined ratio has improved to 102.2 per cent in Q4 FY2024 as against 104.2 per cent in Q4 FY2023 Rakesh Jha, executive director, ICICI Bank has been appointed as the non-executive chairman of the company, with effect from June 30, 2024, after...
Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis
As per them, mutual fund investments surged by a whopping 86 per cent, insurance payments have seen a significant 56 per cent growth and trading experienced a 62 per cent jump in value in 2023-24. "With this, we witnessed the emergence of a new India. One that is...
Broker Howden launches Red Sea cargo war insurance as ship risks surge
Howden said the new product was the "first dedicated insurance coverage of its kind to protect cargo vessels within an active conflict zone, which encompasses the Bab al-Mandab Strait, the Red Sea, and the Indian Ocean" LONDON: Howden has started offering war risk...
Middle East crisis: Civil aviation ministry asks airlines to carry out risk assessment on flight ops
Civil Aviation Secretary Vumlunmang Vualnam on Tuesday said that airlines have been asked to make their own risk assessment with respect to their flight operations New Delhi: Amid escalating tensions in the Middle East, the civil aviation ministry has asked airlines...
U.S. cyber insurance maintains strong profits; premium growth slows
Chicago/New York: Favorable cyber underwriting results are partly due to prior large increases in premium rates. Insurers are also being more careful in cyber risk selection and the underwriting process. They are requiring that customers maintain proper cyber hygiene...
IBISA launches climate cover for protecting Indian dairy industry from heat waves
In response to the significant decline in milk yield, estimated at 30-35% during severe heat waves, IBISA's Heat Stress Solution utilizes advanced climate metrics and satellite technology to provide vital protection for dairy farmers Bengaluru: IBISA, an insurtech...
HDI Global launches `Climate Risk Reporting’
The new service from HDI Risk Consulting GmbH, a wholly owned subsidiary of HDI Global SE, not only highlights the severity of climate risks but also provides specific data such as water depths, maximum temperatures, and duration of heatwaves, allowing companies to...
Shailendra Sapra named as CEO of Aon’s Reinsurance Solutions in India
Aon plc has announced that Shailendra Sapra had been named CEO of the firm’s Reinsurance Solutions in India and a member of the APAC region’s reinsurance executive committee, effective June 1st, 2024. Based in Mumbai and reporting to George Attard, CEO of Reinsurance...