Tobias Grimm, Munich Re’s Chief Climatologist: “A warming world...
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Narayana Murthy backed general insurer Acko plans $350 million IPO
The IPO, which may include a mix of primary shares and secondary...
Bobby Swarup’s Niyam Grp receives Lloyd’s in-principle to establish Syndicate 2047, to focus on India and other high growth Asian and African markets
Bobby Swarup, Founder and CEO of Niyam Group, said “I am grateful...
IRDAI proposes to increase free look period to 30 days for policyholders
No policy in case of life insurance shall be issued unless nomination is obtained, Nomination provisions relating to general, wherever applicable and health insurance policies introduced, Insurance policies meeting the defined criteria to be issued in Electronic form,...
Six PSU general re/insurers promote 16 officials as GMs
The government is yet to decide about the dates for holding interviews for selecting two CMDs, one for United India Insurance and another for New India Assurance and nine EDs for six companies New Delhi: Six PSU general insurers including GIC Re, who are members of...
Wipro invests $66 million in US insurtech Aggne
EAST BRUNSWICK, N.J/TAMPA, Fla/ BENGALURU: “The Aggne team has a deep and well-established experience in the P&C insurance space. Their unique IP and modular approach to implementations significantly accelerate time-to-market, driving faster business outcomes and...
Canada’s Fairfax denies Muddy Waters’ short report in expanded rebuttal
Fairfax said Muddy Waters neither called it nor wrote to it, and instead released the report during its quiet period with its “one-sided, ill-informed allegations and insinuations in a transparent attempt to profit by short selling our stock.” Fairfax Financial on...
ACORD announces new global advisory council to drive industry-wide collaboration and digitalisation
“With the accelerating pace of digital transformation in our industry, the formation of the ACORD Global Advisory Council is a timely and significant step towards increasing collaboration and alignment within leading insurance markets around the world. I look forward...
IRDAI unveils regulations for Bima Sugam, services will be free for customers
Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd and the shareholding of the company will be widely held amongst Life insurers, General Insurers and health insurers. Starting with a capital of Rs 200 crore, the shareholders, as and when required,...
Underwrite disruptions to improve market penetration: IRDAI chief to insurers
Debasish Panda,chairman, IRDAI "There is a need to come out of the traditional and conventional roles and embrace dynamism and agility and also there is a need to see the sector from a different lens," IRDAI's chief Debasish Panda said, acknowledging the role of...
Gallagher appoints Sneha Gokarn as its new CEO for India
Sneha Gokarn, CEO and principal officer of Gallagher, India ``Sneha, who has been a board member and executive director of our business a number of years has extensive experience in both the Indian insurance market and Gallagher, and we are delighted Sneha will be...
Marine insurers continue to support trade in the Red Sea & Black Sea
The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...
Weakening El Nino conditions raise hopes of ‘bountiful monsoon’ in India
Weather scientists in India, tracking the developments closely, have said that La Nina conditions setting in by June-August could mean monsoon rains would be better this year than the last year.The southwest monsoon delivers about 70 percent of India’s annual...