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Employee medical plan costs in India expected to rise by 11.5 per cent in 2026
The report showS cardiovascular diseases, gastrointestinal...
Climate change supercharge devastating South Asian floods
A trio of tropical cyclones battered the region from Sri Lanka to...
Volkswagen faces lawsuits in Germany over Porsche EV battery triggering fire in cargo ship
The case was brought by half a dozen plaintiffs, including Mitsui OSK Lines Ltd., the ship’s operator, and Allianz SE, one of the insurers of the vessel, according to a spokesman for the tribunal. The plaintiffs claim that the fire originated from the lithium-ion...
Lloyd’s of London hits 35% female leadership target, says it has ‘way to go’
Lloyd’s, which employs around 57,000 people in insurance and broking firms and is aiming for gender parity by 2030, said women now made up more than 43% of the 57,000-strong workforce and that 46% of new hires were women in 2023 London: Lloyd’s of London has hit a...
Star Health settles 1cr claims for over Rs 44,000 cr since 2006
Anand Roy, MD and CEO, Star Health Insurance With rapid medical advancements, patients have seen a reduction in the average length of stay in hospitals by up to 20% since 2008. However, the average claim size has seen a four-fold jump, indicating significant medical...
Committee of Creditors asks Hindujas to complete RCap resolution by March end
COC, in an official communication, through its lawyer Luthra and Luthra, on Monday, has further asked IIHL to provide all necessary information, documents and cooperation to obtain the pending regulatory approvals, especially from the Indian insurance regulator IRDAI,...
Miller appoints Frédérique Champvillard as Head of Operations in Asia
Miller, an independent specialist (re)insurance broker, announced the appointment Frédérique Champvillard as head of operations in Asia. Frédérique brings over 30 years’ experience across the insurance and reinsurance industry, most recently as managing director and...
India’s wheat, rapeseed ravaged by rain just before harvesting
"The entire wheat crop has been flattened due to heavy rainfall and hailstorm. It was nearly mature, and we could have harvested it in two to three weeks," said Mukesh Kumar, a farmer from Uttar Pradesh, the country's largest producer of the grain Untimely rainfall...
War risk insurance premium through Red Sea remained stable despite the sinking of the cargo ship
Insurance industry sources said that war risk premiums being quoted for Red Sea voyages had remained around 1% of the value of a ship for some weeks – compared with around 0.5% before the attacks started – with various discounts applied by underwriters The cost of war...
Malaysia may renew search for lost MH370 decade after it vanished
MH370 vanished on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. Investigators concluded the plane deliberately left its planned flightpath, looped back over Malaysia and headed out to sea Malaysian authorities are considering...
Aon appoints its Asia CFO Rishi Mehra as India chief
Rishi Mehra, India chief, Aon Working closely with Jon Pipe, CEO and principal officer of Aon India Insurance Brokers and Nitin Sethi, CEO of Aon Consulting Private Limited, Mehra will bring together the collective capabilities across Risk, Health,Wealth and Talent...
Only grain ships from Black Sea and for Iran still crossing Red Sea
“Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea, the only exception is vessels going to Iran, they’re still taking the Red Sea route when shorter.All vessels we are tracking going from the Black Sea to Asia...