IFSCA can set up guidelines for the insurance-linked securities...
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Spike in Used Car Purchases: Transferring policies
“An untransferred insurance policy puts both the buyer and seller...
Oriental Insurance puts Dubai operations under run off
``The OIC board has approved the decision and we have written to...
“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...
Economic and cyber risks are the top risks facing Directors: Report
Economic risk was considered the top risk for businesses by 63% of global directors, closely followed by cyber risk at 62%, says a global Directors Liability 2023 survey from WTW and Clyde & Co, a leading global law firm SINGAPORE: Economic and cyber risks,...
G Srinivasan to join as a member of Agam’s Strategic Advisory Board
G Srinivasan, director, former CMD, New India Assurance Agam was founded in 2016 by Avi Katz and Chak Raghunathan with the vision to create a cutting edge differentiated analytical platform Mumbai: Agam Capital, an analytics driven platform strategically partnering...
US Cyber insurers see favorable premium growth, Results in 2023: Fitch
Rising policyholder awareness of the multi-faceted cyber threat continues to boost demand for coverage. Rapid recent premium growth and a reduction in claims experience in 2022 led to a strong recovery in results for the US Cyber insurance line following two...
I-T dept cracks down on Bajaj Allianz, ICICI Prudential amid wider probe on GST scam- sources
Tax authorities estimate that 16 insurance companies in all owe the government about Rs 50 billion rupees ($610 million) in unpaid taxes, interest and penalties since July 2017, when India implemented goods and services tax (GST), two sources said NEW DELHI: India's...