``Looking ahead to 2026, climate risk in India is emerging as a...
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Air pollution is India’s biggest public health crisis since Covid, warns UK doctors
The Indian government's renewed focus on controlling air pollution...
Delhi Police bust Tata AIG’s Rs 30 cr motor accident claim fraud, arrest a garage owner and insurer’s 2 employees
The case involves serious charges of insurance fraud, forgery,...
El Niño to trigger drought insurance payouts in four southern African states
El Nino, which brings dry and hot weather to Southern Africa, has decimated harvests of corn across the region. Zimbabwe is expected to harvest about 60% less of the regional staple this year than it did in 2023 and together with Malawi and Zambia has declared a...
Dubai faces heavy disruption as flooding worsens
The heavy rains across the desert nation came after cloud seeding. The UAE has been carrying out seeding operations since 2002 to address water security issues, but the lack of drainage in many areas can trigger flooding, including in cities such as Dubai that’s a...
Generali undertakes restructuring to focus on Insurance and and Asset management
Philippe Donnet,group CEO,Generali Thanks to a simpler and leaner approach, the new group’s organizational structure centering on insurance and asset management will accelerate the group’s transformation, and it will support the definition of the plan for the next...
With Rs 1,09 trillion prm, Health retains its No 1 position in Indian general insurance industry in FY24
Crop insurance has seen a dip in the premium by 4 per cent to Rs 30.715 crore in Fy 24. Mumbai:With a total premium of Rs 1,09,006 crore, showing a growth of 20 per cent, Health Insurance continues to be no 1 portfolio in Rs 2.89 trillion Indian general insurance...
Surbhi Goel to be appointed CEO Munich Re, India
Surbhi Goel, CEO designate, India Branch, Munich Re Munich Re, is the largest foreign reinsurance branch(FRB) in the India with over Rs 10,000 crore of premium in FY23-24.It set up its operations in 2017. Mumbai: Munich Re, the largest global reinsurer, today...
Munich Re rejigs top APAC team, Hitesh Kotak to lead Japan, India, Korea and South-East Asia
Hitesh Kotak will lead Munich Re's Property & Causality (P&C) business in Japan, India, Korea and South-East Asia Surbhi Goel will be relocate to Mumbai from Singapore to be CEO India with effect from October 2024. Florian Gruson will be appointed CEO Japan...
Cargo owners may bear portion of damages from Baltimore Bridge disaster
General average is a maritime legal concept usually written into bills of lading or other contracts signed among parties to shipping transactions. It revolves around the principle of shared sacrifice and dates back to ancient times, before insurance, when ships often...
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...