“As cyber attacks and data privacy risks continue to rise, both in...
Category:
Non-Life
Latest
AI driving direct shifts in global insurance industry, says Swiss Re
Global insurance premiums are set to grow by 2.3% in real terms in...
Everest Grp appoints Gary Haase as EVP&CEO of Legacy operation
Everest Group, announced the appointment of Gary Haase as Executive...
Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023
Thomas Blunck, member of the Board of Management In the Asia-Pacific region, natural disasters resulted in overall losses of approximately US$ 7bn, of which roughly US$ 3bn was insured Earthquake in Turkey and Syria was by far the most devastating natural disaster in...
Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead
“The fire is most definitely still not controlled. It’s a very hard fire to extinguish, possibly because of the cargo the ship was transporting,” said Edwin Versteeg, a spokesperson for the Dutch Department of Waterways and Public Works. “Electric cars burn just as...
Obesity drugs don’t make WHO’s essential list, but Ebola, MS drugs added
The WHO's essential medicines list is a catalogue of the drugs that should be available in all functioning health systems Obesity drugs will not join the World Health Organization's (WHO) latest essential medicines list, but treatments for diseases, including Ebola...
SEC set to adopt new cyber rule
Companies will also have to describe periodically what efforts they are making to identify and manage threats in cyberspace. The rule, first proposed in March of 2022, forms part of a broader SEC effort to harden the financial system against data theft, systems...
Airlines face doubling in war insurance premiums: Sources
Insurers are, as a result, weighing a potential doubling of the premiums on such policies when airlines typically renew cover in the fourth quarter, the sources said London: Airlines could end up paying twice as much for insurance they need to protect themselves...
Scindia unveils UDAN 5.2, says aviation sector fleet size has expanded 75 pc since 2013
Union Civil Aviation Minister Jyotiraditya Scindia ``We today started UDAN 5.2 programme for small aircraft. We have awarded 22 routes, which underlines the fact that air travel facilities are being made available to citizens living in remote areas,'' Scindia said at...
Tokio Marine Kiln appoints Cindy Gunawan as special risks underwriter in Asia Pacific
Gunawan's appointment is the latest for TMK Asia Pacific, as it looks to develop and expand in this region in response to growing client demand London: Leading specialist insurer, Tokio Marine Kiln (TMK), today announces the appointment of Cindy Gunawan as special...
Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia
Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re, commented: “It is expected that providing wider insights into risk analysis and decision making against recent changes in natural catastrophe will be available by working with Moody's RMS models.” LONDON:...
Digital Adoption: Online platform preferred for general insurance products
"Digital adoption is no longer just a choice; it has become a necessity for businesses to thrive in today's rapidly evolving landscape. Our recent research report underscores the critical role that technology plays in driving growth, efficiency, and customer...
Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes
Since the collapse of the grain corridor deal and the increased targeting of ports and infrastructure by Russia, war risk underwriters were “forming their own independent views and deciding what is it is they are prepared to underwrite,” David Smith, head of hull and...