``While cyber, legal and technoligical risk remain top concern, the...
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Willis appoints Anthony Wong as Head of Casualty in Asia
Willis, a WTW business , today announced the appointment of Anthony...
“Competition in the group health insurance segment is intense”
Nilanjan Roy, Head of Group Business, ManipalCigna Health...
China offers insurance to rubber producers to encourage planting, output
The scheme for producers in Hainan and Yunnan provinces, the main rubber producing regions, will stabilize producers’ income and increase planting acreage to boost the country’s rubber production, according to a joint statement by the finance ministry, agriculture...
Global healthcare benefit cost increases projected to largely continue into 2024, WTW survey finds
“The high cost of new medical technologies is a key reason for the persistently high trend. Furthermore, in some regions, ongoing geopolitical conflicts and resulting displaced populations have negatively affected medical costs due to an increased need for care and...
MoRTH aims to halve road accidents and casualties by 2030: Gadkari
Nitin Gadkari,Union Minister,Ministry of Road Transport and Highways According to the latest report by Ministry of Road Transport and Highways (MoRTH), the number of road accidents in India went up 12 per cent to over 4.6 lakh in 2022, resulting in deaths of 19 people...
GIC reaches agreement to buyout Cinven’s stake in Miller
``This further investment in Miller is consistent with GIC’s strategy of developing long-term relationships with our portfolio companies and targeting the highest quality businesses. The defensive nature and strong market dynamics of the (re)insurance market, coupled...
WTW appoints new Corporate Risk & Broking Southeast Asia and Singapore leaders
``From these regions, we see increased awareness of risk and strong demand from companies for more sophisticated risk transfer solutions, driven by data insights and created with specialty expertise'' Singapore: WTW, a leading global advisory, broking and solutions...
MoF rejects unions’ concerns, stoutly defends ongoing restructuring of PSU general insurance cos
The PSU general insurance companies are board governed commercial entities operating in a competitive and regulated market. This entities are empowered to take appropriate decision in such a matter in compliance with regulatory framework and guidelines, said Bhagwat...
Cyclone Michaung: Economic and Insured losses of Chennai floods will be much less than 2015 event
Preliminary estimate of 5th December devastation out of Cyclone Michaung in Tamil Nadu indicate the economic losses of around Rs 12,000 crore for the state and insured losses limited between Rs 1,500 crore to Rs 2000 crore Chennai: With all its fury and...
WHO releases guidelines on chronic low back pain
Low back pain is the leading cause of disability globally. In 2020, approximately 1 in 13 people, equating to 619 million people, experienced LBP, a 60% increase from 1990. Cases of LBP are expected to rise to an estimated 843 million by 2050, with the greatest growth...
Auto cos unveil comprehensive service plan to serve flood-affected customers
"The cyclone Michaung has had a severe impact on the lives and belongings of people as the affected cities got flooded. We have announced a special service campaign under which we are offering a comprehensive check-up apart from substantial support on labour and spare...
Insurers heavily exposed to climate change, global watchdog says
Insurers continue to have "material exposure" to climate change through investments in fossil fuels and energy-intensive industries, as well as through their underwriting of natural catastrophe risk, the global insurance watchdog said London: Insurers are heavily...