JG Won, President & CEO, Korean Re, announcing the launch of...
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Severe convective storms: Costliest insured global peril in 21st century, says Aon Report
"This year's report highlights the growing need for collaboration...
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property...
Munich Re HealthTech appoints Bilal Ramadan as CEO
Bilal Ramadan, CEO, Munich Re HealthTech In this role, Ramadan will be responsible for driving the strategy of Munich Re HealthTech (MRHT) to strengthen its position as a leading software technology provider in the health insurance industry. He will oversee the...
Generative AI is reshaping the cyber threat landscape: Lloyd’s report
The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to...
Domestic passenger vehicle sales rise 11% in Feb: SIAM
"Passenger vehicles, two-wheelers, and three-wheelers have posted growth in February 2024 compared to the previous year, while commercial vehicles have witnessed a slight de-growth," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said in a...
SCOR overhauls its regional and business structure
The structures within Property & Casualty (P&C) and Life & Health (L&H) are being simplified to achieve more immediate client access and decision-making Paris: French major SCOR is restructuring its business processes to become a simpler and...
EU must prepare for ‘catastrophic’ climate change risks, agency says
Without more urgent action, the EEA said most of the 36 climate risks facing Europe could hit "critical or catastrophic levels" this century. They include risks to health, crop production and infrastructure BRUSSELS: Countries across Europe should prepare for...
Generali and UNDP build SME resilience in Asia
A joint research report by Generali and the UNDP report finds that SME growth and survival in Asia are threatened by a range of risks, including climate change, business interruptions, and limited access to capital markets. These risks are intensified by the lack of...
Demand for private jets helicopters likely to rise up to 40 pc during LS polls
"There will be an exponential demand for private jets and the demand is expected to outstrip the availability of chartered planes and helicopters. There is a limited supply of chartered planes and helicopters," Club One Air CEO Rajan Mehra New Delhi: As political...
Republican-led states sue US SEC over climate risk disclosure rules
The rules aim to standardize climate-related company disclosures about greenhouse gas emissions, weather-related risks and how companies are preparing for the transition to a low-carbon economy Ten Republican-led states in US have sued to challenge new federal rules...
Lloyd’s of London underwriting profit doubles to $7.52 billion in 2023
Gross written premiums rose by 11.6% to 52.1 billion pounds across the commercial insurance market, which has more than 50 member firms, Lloyd's said in an unscheduled trading update ahead of full results on March 28 LONDON: Lloyd's of London's underwriting profit...
Odisha signs MoUs to develop landslide early warning & multi-hazard impact-based warming dissemination systems
These collaborations will strengthen the government’s preparedness for managing disasters through impact based forecasting, early warning dissemination and last mile connectivity. This will empower the people of Odisha to leverage technology to mainstream disaster...