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India’s insurance market to grow at higher than major emerging and advanced countries in next 4 yrs, says Swiss Re
“India is a true bright spot for insurance growth in the mid-term...
Saudi Re launches operations in GIFT-City
```We have a national expansion strategy, and that's where we...
Aon acquires AI-Powered platform to help fleet & mobility clients make better, insight-driven decisions
"It is more important than ever for our fleet and mobility clients to have access to data-driven insights and tools that inform their risk and business strategies," said Jillian Slyfield, chief innovation officer at Aon DUBLIN: Aon plc, a leading global professional...
Animesh Das to be CEO of ACKO General Insurance
Animesh Das, CEO designate, ACKO General Insurance ACKO has now set itself ambitious goals for the upcoming year, eyeing a gross written premium(GWP) of nearly Rs 3000 crore Bengaluru: ACKO General insurance has elevated its chief underwriting officer Animesh Das as...
Govt, exporters to discuss Red Sea crisis issue on March 8
After Yemen-based Houthi rebels have targeted ships in the Red Sea and surrounding waters over the Israel-Hamas war. the shipping costs have jumped and consignments are taking more time to reach Europe and the US as the ships are taking the Cape of Good Hope route,...
Life protection plan for Indian blue-collar workers unveiled in the UAE
Around 3.5 million Indians reside in the UAE, of which about 65 per cent are blue-collar workers, who form one of the largest groups of migrant workers in the UAE. In 2022, the consulate registered a total of 1,750 death cases, of which around 1,100 were workers...
Number of farmers under PM’s crop insurance scheme rises by 27 pc in 2023-24: Govt
During this period, a total amount of nearly Rs 31,139 crore was paid by farmers as their share of premium against which claims of over Rs 1,55,977 crore have been paid to them. Thus, for every Rs100 of premium paid by farmers, they have received about Rs 500 as...
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...