In a statement, Independent Power Producers Association Nepal...
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Insurance cost surge for commercial ships sailing past Yemen’s Houthi militants
Shipowners now have to pay about 1% of a ship’s value if they want...
Asia Index launches BSE Insurance Index
The BSE Insurance Index is derived from the constituents of BSE...
Bajaj Allianz General Insurance net profit soars 30% to Rs 322 crore in Q4 2022-23
The company had an underwriting losses of Rs 2 crore for Q4 FY23 as against a profit of Rs 9 crore in Q4 FY22 Pune: With a combined ratio(CR) of of 97.3 per cent, Bajaj Allianz General Insurance Company(BAGIC) has reported a 30 per cent year-on -year(Y-O-Y) jump in...
Sergio P. Ermotti to step down as Swiss Re chairman on 30 April, to handover charge to vice chairman Jacques de Vaucleroy
Sergio P. Ermotti, chairman, Swiss Re Jacques de Vaucleroy, Vice Chairman and Lead Independent Director, is leading the search for a successor and will chair the Board in the interim Zurich: Swiss Re announced today that Sergio P. Ermotti will step down as Chairman of...
Private health care booms in UK as state-run health service buckles
Private health care procedures paid out of pocket have risen more than 33% since before the pandemic, according to Private Healthcare Insurance Network data comparing the third quarter of last year with the same period in 2019 British patients are turning to private...
Hinduja Group emerges sole bidder with Rs 9,650 crore offer for Reliance Cap in 2nd auction
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC's judgement in the appeal filed by Torrent Investments Mumbai bench of the National Company Law Tribunal (NCLT) has extended the...
“Today, we are in a position to service more than 60% of our policyholders entirely digitally”
Krishnan Ramachandran,MD and CEO, Niva Bupa Health Insurance Niva Bupa Health Insurance Company has invested in building digital expertise across the entire value chain and be it onboarding customers or settling claims, everything is digital. The company is using new...
Heat waves, cyclones are impacting stock markets across Asia
Extreme weather has always been part of the cost of doing business, but the frequency of such events is increasing. And while volatility linked to them isn’t limited to Asia, it’s certainly the region where the impact on stock markets has been outsized so far this...
Aon identifies ‘invisible’ cyber risks to global energy storage market
Energy businesses, in particular, are facing an increasingly complex cyber risk landscape, with new forms of volatility and current geopolitical tensions driving scrutiny on the security of essential energy infrastructure Sustained cyber resilience is contingent on...
Swiss Re ties up with Benekiva to create an end-to-end digital claims management solution
"We're thrilled to partner with Benekiva to offer a holistic, digital claims processing solution that can free up claims staff to focus on what matters most: helping customers through a very difficult time"Carl Christensen, Global Head L&H Solutions, Swiss Re...
SBI General launches a fully customisable digital-only health product
Anand Pejawar, whole-time director, SBI General Insurance said, “We launched Health Edge Insurance with an objective to make health care affordable and available across the length and breadth of the country The Health Edge insurance plan includes some noteworthy...
Metals & Mining and Chemical & Petrochemical sectors show a dip in risk management in 2022, ICICI Lombard report
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance, said, "The enhanced score in the 3rd edition of the Corporate Risk Index is a testament to the efficient risk management practices adopted by Indian corporates in the face of global headwinds and...