Demand for lithium-ion batteries, including in EVs, is bringing a...
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Secondary perils emerging as a big opportunity, Need data and good models to deal with them, says Swiss Re
Beat Strebel,CEO, China, Swiss Re These lesser understood risks are...
Authorities identify all but one of 260 victims of Air India plane crash
"We have identified 259 victims. They include 240 passengers and 19...
UNCDF partners with Howden to build climate resilience for vulnerable communities in Fiji
The flagship programme has developed and deployed the Pacific region’s first parametric microinsurance products in Fiji, Tonga and Vanuatu. Suva, Fiji: The UN Capital Development Fund (UNCDF) announced international insurance broker Howden as a new addition to its...
India joins Agriculture Innovation Mission for Climate
“With today’s announcement, India joins more than 275 partners, including 42 governments, who are working to collectively advance AIM4C’s mission by supporting investment in climate-smart agriculture and food systems innovation,” the statement added. Washington: India...
Demand for `International Insurance Programmes’ grow as APAC businesses expand beyond local borders:Aon
Natural catastrophe events continued to drive large losses and pressure marketconditions for property insurance. Changes to the reinsurance market, including higher costs and retentions, and some coverage restrictions, will drive rate increases for both local...
South Korean Court recognises same-sex couple’s rights
A gay couple won a lawsuit in South Korea granting them spousal coverage from the national health insurance program, an apparent first in the country that only legally recognizes marriage as between heterosexual couples. In its ruling, the Seoul High Court on Tuesday...
Shipping industry grapples with ways to cut cargo fires at sea
“The main root cause for cargo fires on container ships is the integrity of dangerous goods throughout the supply chain. Therefore it is a problem that can only be improved through industry wide solutions,” Maersk’s Aslak Ross said separately in a statement. Global...
Indians spend over $1 bn every month on foreign travel: RBI data
Akash Dahiya, Co-founder, SanKash said that with the rise of affordable travel and technological advancements, the travel industry is experiencing a massive boom in international destinations . Vietnam, Thailand, Europe, and Bali are some major destinations that...
More insurance players, wider range of products key to achieve insurance for all goal by 2047:Irdai chief
Debasish Panda,chairman, IRDAI ''We're a diverse nation of 1.4 billion people. We can't have a one-size-fits-all approach, instead we need more unique products that can meet the insurance needs of both the super rich as well as the very poor. And such unique products...
Climate Risks: Indian Insurers should focus on green premiums and provide eco-friendly advice to industry, experts
(Lto R) G. Srinivasan, Director of the National Insurance Academy,,Satyajit Tripathy, CMD, United India Insurance Company,Saurabh Mishra, Joint Secretary Department of financial services, Devesh Srivastava, CMD GIC Re,Hadi Riachi, CEO of Swiss Re India Devesh...
Indian aviation market & tailwinds of growth
"With the economy growing and disposable income growing, there is a huge opportunity for Indians to travel abroad… This 75 million passengers is likely to go to 120-125 million over the next 7-10 years," Union minister Jyotiraditya Scindia said. A raft of factors --...
Aon’s rebuilding for resilience project addresses Hurricane Ian devastation
Dan Dick, global head of property analytics at Aon’s Reinsurance Solutions, said: “Our teams gained first-hand experience of the devastation caused by this historic hurricane, which allowed us to conduct thorough analyses and identify practical steps to improve...