“Compliance cannot be a department— it must be a mind-set. And...
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Insurance issues hinder timely bariatric and metabolic surgery: Survey
"When patients cannot undergo bariatric surgery on time because of...
Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
Since April, India has required online verification of insurance...
War risk insurance rates edge up after surge in Red Sea ship attacks
Insurance industry sources said that war risk premiums had stayed firm on Monday at between 0.05% to 0.1% of the value of a ship, from around 0.03% estimated last week before the attacks. This translates into tens of thousands of dollars of additional costs for a...
Aon’s first-of-its-kind collaboration with AfDB and AI startup to catalyze regenerative agriculture in Africa
The collaboration intends to leverage first-of-its-kind, farm-level data produced by Amini that is intended to enable Aon’s support of the African Development Bank’s Africa Climate Risk Insurance Facility for Adaptation to develop innovative de-risking solutions and...
‘ Tamil Nadu has received historic rainfall but damage less than previous times” says CM Stalin on effect of Cylone Michaung
Chennai Airport has resumed operations after being temporarily shut down due to heavy rains that caused flooding and waterlogging on the runways, said an airport official Chennai: Amid destructions caused by Severe Cyclonic storm 'Michaung' in the state, Tamil Nadu CM...
Centre plans to introduce cashless treatment of accident victims pan India
According to Road Transport and Highways Secretary Anurag Jain, it is envisioned to provide access to cashless trauma care treatment for road accident victims at the nearest appropriate hospital in the country, in accordance with the Supreme Court ruling, and by...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management, with Hong Kong, New Delhi, Shanghai, Singapore and Tokyo scoring high for culture of readiness Bangkok, Dhaka and Jakarta are poorly equipped to respond to flood, while New Delhi and Dubai are...
Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa
Isaac Meek,cyber senior underwriter, Markel In his new post, Meek will work closely with Priyesh Pradhan, Professional and Financial Risk (PFR) Senior Underwriter at Markel India, to drive the growth of Markel’s cyber offering in MENA and the broader Asia-Pacific...
AM Best revises outlook on India’s Non-Life Insurance segment to stable
The Best’s Market Segment Report, “Market Segment Outlook: India Non-Life Insurance,” notes that factored into the outlook revision are recent regulatory shifts that have allowed for increased and new investments in Indian insurers by multinational players and direct...
Hillary Clinton at COP28 climate talks calls for insurance reform
Former U.S. Secretary of State Hillary Clinton “We need to rethink the insurance industry,” Former U.S. Secretary of State Hillary Clinton said during a panel on women and climate resiliency. “Insurance companies are pulling out of so many places. They’re not insuring...
UP govt provides assistance of up to Rs 5 lakh under Farmer Accident Welfare Scheme
Yogi Adityanath, Chief Minister,Uttar Pradesh It is noteworthy that under the scheme, started by the Chief Minister in 2019, immediate assistance of up to Rs 5 lakh is being given by the District Magistrate in case of accidental death or disability of the farmers of...
Chennai grapples with torrential rain as memories of 2015 floods return
Transportation services took a severe blow, with numerous trains and flights canceled. Waterlogged roads presented challenges for the scarce number of road users. Operations at the Chennai airport were halted from 9:40 am to 11 pm, with about 70 flights canceled due...