Gallagher Re estimated that the private insurance market and public...
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Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines...
$152 Billion and Rising: Insurance industry facing growing average annual losses from natural catastrophes
The 2025 Global Modeled Catastrophe Losses Report notes a $32...
SBI General launches Surety Bonds, to provide protection against breach of terms and conditions by the contractors
Anand Pejawar, whole-time director, SBI General Insurance Anand Pejawar, whole-time director, SBI General Insurance said, "We are confident that this product will serve as an effective tool for the infrastructure sector. Surety bonds offer financial security, risk...
WHO launches global network to help protect people from infectious disease threats
The International Pathogen Surveillance Network(IPSN), with a Secretariat hosted by the WHO Hub for Pandemic and Epidemic Intelligence, brings together experts worldwide at the cutting-edge of genomics and data analytics, from governments, philanthropic foundations,...
Odisha to provide free crop insurance to farmers for 3 years
''The Cooperation Department would bear the premium of the insurance from the 2023 Kharif season to the 2025-26 Rabi season. Odisha is the first state in the country to provide free crop insurance to farmers,'' he said Bhubaneswar: The Odisha government on Monday...
Toyota wants to make more than just EVs — and has plenty of company
In January, the majority-owner of India’s dominant car manufacturer announced a deal with a government agency and Asia’s largest dairy manufacturer to verify that biogas derived from cow manure could be used to power Suzuki models running on compressed natural gas EVs...
Panama Canal imposes shipping restrictions to cope with worsening drought
The largest vessels will have to reduce their drafts — how low they sit in the water — by carrying less or cutting the weight of their cargoes as of May 24, followed by another decrease that kicks in on May 29. Some major ocean carriers have also announced new fees...
MS Amlin strengthens Natural Resources team with claims expertise
With more than a decade of industry experience, Erman brings substantial claims-handling expertise. Specialising in marine and energy, he has a reputation for handling and resolving large, complex claims LONDON: MS Amlin, the Lloyd’s global (re)insurer, today...
Canopius launches first digital asset custody product on Lloyd’s Asia platform
Canopius can offer an individual line size of up to $130mn for eligible custody solutions, and the product provides coverage traditionally only available in the Crime and Specie markets separately The product will be available to financial institutions and covers a...
ASPEN appoints Tay Boon Chuan as head of Singapore
Boon brings with him more than 23 years’ experience of the Asian (re)insurance industry and a deep knowledge of the local treaty market having held positions at Asia Capital Re Group and Swiss Re Hamilton, Bermuda: Aspen Insurance Holdings Limited (“Aspen”) has...
Re-thinking well-being : How outlooks on life are changing in Asia
Prudential commissioned Economist Impact to write a report exploring how people in Asia, at a time of heightened uncertainty, assess different aspects of their well-being, including their physical and mental health, personal finances, social lives, and interaction...
Chronic diseases taking ‘immense and increasing toll on lives’, warns WHO
A 46-year-old Cambodian man who lost his leg to diabetes. The annual global death toll from non-communicable diseases such as cancer, diabetes and heart disease, is estimated at 36 million. Photo: IRIN During 2020-2021, COVID-19 resulted in 336.8 million years of life...