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Iran-Israel conflict: Re/insurers face complex set of financial, operational, and strategic risks
The Iran-Israel conflict is, in many ways, a stark reminder of the...
Escalating Hormuz tensions drive up Middle East war risk insurance costs, sources say
War risk insurance premiums for shipments to the Middle East Gulf...
WTW appoints William Miller as Head of Crisis Management for APAC
Luke Ware, Head of Corporate Risk & Broking Asia, WTW said: “As geopolitical tensions rise, individuals and businesses are exposed to a wider range of security risks which is why we have expanded our offering to include domains such as Special Crime and high-risk...
Majority of EV owners have safety concerns and want customised solutions: ACKO survey
With the growing popularity of EVs, the demand for customized insurance products has also gathered steam. 79% of respondents said they want a customized insurance solution for their EVs and 67% are ready to pay a premium for that. However, 53% said that there is a...
Indian Aviation safety rankings jumped to 48th rank in International Civil Aviation Organization’s report
Arun Kumar, Director General of DGCA said that it is a great achievement in terms of ranking as they have jumped from the 102nd rank four years ago to the 48th spot this year New Delhi:India has been ranked among the top 50 countries of the world in terms of...
PMFBY committed to providing comprehensive insurance coverage against crop loss: Govt
The acceptability of the scheme has increased amongst the farmers in the last 6 years, with share of non-loanee farmers, marginalized farmers, and small farmers increasing by 282% since the initiation of the scheme in 2016 Union Ministry of Agriculture and Farmers...
FACTBOX-How many people might die, and why, if China loosens COVID restrictions
China could see 1.3 million to 2.1 million people die if it lifts its zero-COVID policy due to low vaccination and booster rates as well as a lack of hybrid immunity, British scientific information and analytics company Airfinity said on Monday. The company said it...
Many persons with disabilities face premature death due to health inequities
“It's a significant reason for these early deaths because of poor quality health services. There's also a higher incidence of diseases such as tuberculosis, diabetes, stroke, sexually transmitted infections, and cardiovascular problems among persons with disabilities,...
EU agrees $60 Russian oil price cap
The G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it will prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap...
Swiss seek mandatory reporting of cyberattacks on key infrastructure
It asked parliament to approve legislation that creates the legal basis for reporting obligations and spells out the tasks of the National Cybersecurity Centre (NCSC) as the central watchdog for cyberattacks Zurich: The Swiss government proposed on Friday making it...
2022 hurricane season: Fewer storms than anticipated, but still extremely damaging, says Munich Re
According to preliminary estimates, overall losses from all storms amounted to around US$ 110bn, with insured losses in the magnitude of US$ 65bn (excluding the National Flood Insurance Program NFIP1) `2022 continues the trend of increasing losses from US hurricanes...
Aon names new leaders for Asia Pacific Reinsurance Solutions
``In 2022, we have continued to strengthen our business and a key part of this success is building a team that inspires and energises each other to create differentiated solutions for clients and deliver the exceptional level of service our clients demand, George...