It captures the level of financial inclusion using data from...
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Natural disasters like floods emerge as top reason for buying home insurance in India: Survey
The survey highlighted that 41 per cent of the respondents in last...
TRAI convenes joint committee of regulators on issues of spam and cyber fraud
Key outcomes were urgent transition to 1600-Series for Commercial...
HDFC ERGO General launches ‘Vidyaavriksh’ learning academy
HDFC ERGO General Insurance Company launcheed 'Vidyaavriksh' learning academy, to enhance the skills of the young workforce. This academy will focus on specialised courses and function-specific training pathways under seven distinct academies namely Leadership...
U.S. insurers’ direct exposures to bank failures modest; Liability profiles support stability, says Fitch
Fitch's sector outlooks for U.S. Life and U.S. P&C are ‘neutral’ Insurers’ investments to the failed banks (Silicon Valley Bank, Silvergate and Signature Bank) are modest. Fitch-rated insurance entities’ direct investment exposure to the failed banks (comprising...
Echo Re leverages ADEPT to drive efficient data exchange with Aon in Asia
ADEPT (ACORD Data Exchange Platform and Translator) facilitates real-time data exchange, translation, and transformation. It integrates with existing platforms, portals, and infrastructure to connect trading partners around the world, regardless of their existing...
Gallagher promotes James Kent to lead Global Insurance Strategic Relationships
In this role, James will be responsible for establishing and driving the framework that determines how Gallagher connects with its major strategic partners in the (re)insurance eco-system, including further investment in capital advisory and portfolio solutions....
China’s Ping An Insurance posts 17.6% drop in 2022 profit
“Household consumption recovery still faced many challenges, which continued to have an impact on Ping An’s long-term life & health protection insurance business,” it said. Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value,...
Bandhan Group mulls foray into insurance business
The group is open to both the organic and inorganic routes and is in talks with many general insurance companies for a potential acquisition, the report said, without disclosing any names BENGALURU: Bandhan Group, which mainly has banking, mutual fund and microfinance...
1,997 killed, 18,54,901 hectares crops damaged in disasters in 2022-23: MoS Nityanand Rai in Lok Sabha
Citing information furnished by states, the Minister said these details included the losses caused due to hydro-meteorological disasters that occurred during 2022-23, as on March 7, 2023. New Delhi: Due to hydro-meteorological disasters during the year 2022-2023, a...
Flood Risk: shifting from a responsive to an anticipatory approach
Only 17% of global losses were insured between 2007 and 2021, with the biggest protection gaps in developing countries, where insurance is often not available. Flood risk is pervasive and set to increase. According to Marsh McLennan estimates, 1 out of 3 people...
Markel strengthens global downstream energy offering with two appointments
Markel’s downstream energy team has now grown to include five underwriters who collectively deploy $150m of capacity on each risk, which has increased from $25m when the team was formed in 2017. London: Markel International, a subsidiary of the Markel Corporation, has...
Talks underway on Black Sea grain deal extension in Geneva
The initiative, brokered by the United Nations and Turkey last July, is up for renewal on March 18. Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin aimed at discussing an extension to a deal allowing the export...