The 3rd edition “IFSCA-IRDAI GIFT-City Global Reinsurance Summit”...
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FM Sitharaman lays foundation for offices of 15 PSU banks, insurance companies in Amaravati
Sitharaman described the gathering of all major PSU banks and...
Universal Coverage:Rebuilding India’s Health Insurance Architecture
Health insurance sector itself is facing headwinds with 12-15%...
Oil tanker on fire in Gulf of Aden after missile attack by Houthis
THe US Central Command said its forces had conducted a strike at 3:45 local time on Saturday "against a Houthi anti-ship missile aimed into the Red Sea and which was prepared to launch". They "destroyed the missile in self-defence," CentCom said London: An oil tanker...
New UN database to help countries tap climate ‘loss and damage’ fund
Given the limitations of current databases, UNDRR is collaborating with the World Meteorological Organization (WMO) and the United Nations Development Programme to create a new global "disaster losses and damages" tracking system. It will replace the existing UNDRR...
ANALYSIS-Too hot to party? Extreme temperatures threaten live music shows
Crowd safety experts and outdoor event organizers are exploring ways to protect performers and fans from the growing threat of extreme weather, after global warming neared an internationally agreed limit of 1.5 degrees Celsius last year By Diana Baptista MEXICO CITY:...
MS Amlin completes world-first Singapore ILS renewal
Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, said: “ We are also exploring other Singapore-based risk transfer solutions to support global investors, increase insurance capacity in Asia, and help close the region’s insurance protection gap” SINGAPORE: MS Amlin, the...
Reinsurers’ underwriting margins to peak in 2024,says Fitch
Fitch also forecasts an improvement in underlying profitability for the global reinsurance sector in 2024 on continued strong underwriting margins and rising investment income, and is maintaining its improving fundamental sector outlook Frankfurt /Chicago: Reinsurers’...
Bima Manthan: IRDAI to include state insurance plans in revised rural and social obligation for the industry
The mission of achieving maximum insurance inclusion received further impetus through deliberations on the progress of the industry under the State Insurance Plan, said the IRDAI on Thursday The broader discussions ventured into crucial areas, such as availability of...
Arbitration Clause valid only for commercial segments and not for retail insurance, says IRDAI
Accordingly, the IRDAI, in a recent circular, has asked the general insurers to state in the policy documents for commercial lines of business that “The parties to the contract may mutually agree and enter into a separate Arbitration Agreement to settle any and all...
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...