Depending on exactly where Melissa hits Jamaica, total losses may...
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Cyclone Montha: Two dead in Andhra, crops suffer damage, CM Naidu says state minimised loss
N Chandrababu Naidu,Chief Minister , Andhra Pradesh Citing...
“We await the final report ” Air India CEO on Ahemedabad crash
Speaking at a conference in the national capital, Wilson also said...
Insurers launch cashless hospitalisation facility for settling claims at all hospitals
(L to R) Segar Sampathkumar, Director, Health, General Insurance Council, Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance and Neerja Kapur, CMD, New India Assurance at an event in Mumbai in Wednesday for launching “Cashless Everywhere” initiative Under...
Red Sea turmoil sends economic shockwaves far and wide
According to Freightos, a cargo booking company, the cost of shipping containers from China to the Mediterranean Sea has more than quadrupled since late November WASHINGTON: Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have...
‘Israel-Hamas conflict spillover to region through shipping attacks has impact on India’
Courtsey-FOX News The conflict’s impact on the safety of commercial shipping in the Indian Ocean “has a direct bearing on India's own energy and economic interests”, Deputy Permanent Representative R. Ravindra said on Tuesday at a high-level meeting of the Security...
Govt ropes in Deloitte for evaluating new 9 EDs of PSU gen insurance industry
At the end of the programme, Deloitte will give some grades to each of the officials which will be taken into account for the selection executive directors by the FSIB at the time of final interview New Delhi: The government, for the first time, has roped in...
Moody’s RMS partners with insurtech Alwrite to provide quick quotes to Indian insurers
“ Offering simplified and efficient integration, Moody’s RMS Location Intelligence API solution combines our strength in catastrophe modeling with the latest technology, to deliver risk data into the heart of the innovative Alwrite platform'' Alok Kumar, managing...
Bermuda reinsurer returns peaking, to remain favorable in 2024: Fitch
``We expect market conditions to remain favorable at the 2024 midyear renewals, although with stabilizing rates as pricing is generally sufficient. (Re)insurers are also expected to mostly maintain the tighter terms and conditions negotiated in 2023,'' said Fitch New...
EVs development, adoption to play major role in India’s transition to low carbon economy: DPIIT Secy
Rajesh Kumar Singh, Secretary,Department for Promotion of Industry and Internal Trade As per industry estimates, the total EV sales in India stood at around 10 lakh units in 2022. On the back of increasing EV demand, the Indian government is providing fiscal...
US re/insurance broker Lockton sets up operation in India
Sources point out that some of the employees of Aditya Birla Insurance Brokers, whose acquisition by a private equity fund -Samara Capital- has not been approved by the Indian insurance regulator IRDAI yet, have also joined Lockton’s India operation Singapore: US...
Panda to address 2-day Bima Manthan for insurers
Debasish Panda, chairman, IRDAI The 2-day meet on Jan 23rd and 25th will be participated by CEOs of life and general insurance industry respectively Hyderabad: Debasish Panda, chairman, IRDAI, will be addressing the last Bima Manthan meet of FY 2023-24 on Thursday in...
Hedge funds rake in huge profits betting on catastrophe risk
The best hedge fund strategy of 2023 was a bet on insurance-linked securities (of which catastrophe bonds are the dominant sub-category), which generated over 14%, according to Preqin, a consultancy that provides data on the alternative asset management industry....