The Japanese general insurance market is projected to grow from...
Category:
Non-Life
Latest
Universal Sompo General Insurance achieves ISO 27001:2022 & ISO 22301:2019 certifications
Universal Sompo has achieved two illustrious international...
Japan’s NEXI signs reinsurance agreement with ECGC
Under this agreement, NEXI will underwrite reinsurance for export...
AXA reduces aviation war cover after Ukraine losses, sources say
One of the top 10 players in global aviation insurance, AXA XL is pulling back from underwriting risk on so-called war cover, the sources said, reducing options for airline operators or lessors seeking protection against loss or damage arising from warThe retreat by a...
WTW outlines “New Trilemma” of challenges for renewables-sector risk managers
: “Macro events and trends such as inflation, cost increases, security, and supply chains are impacting the renewable energy industry, making the current business environment a challenging one for risk managers. Several important steps will help them to assess their...
Hannover Re partners with Stone Ridge in first cyber risks transfer to the capital markets
"For the first time, we were able to transfer cyber risks to the capital markets, and on a substantial scale, through a proportional reinsurance solution. This underscores our lead role as a bridge builder between the capital markets and the insurance industry," said...
FSIB selects RR Singh as CMD of OIC
Rashmi Raman Singh, general manager and director, Oriental Insurance Company The next round of vacancies of CMDs in the PSU general insurance companies, during the year, will be happening when Suchita Gupta will be calling it a day at National Insurance Company(NIC)...
FSIB to interview 5 sr officials today for selecting CMD of OIC
The officials, who are appearing for the interview to be held on Tuesday afternoon are- N Ramaswamy, general manager, GIC Re, Rashmi Raman Singh, director OIC, M Rajeswari Singh, director, United India Insurance, BS Rahul, general manger, Agriculture Insurance...
Green Bonds purchase by insurers to be treated as infrastructure investments: IRDAI
The regulator, in a circular dated Jan. 13, said the move was made with the objective of "de-concentration and diversification" of insurers' infrastructure portfolios as well as "from the perspective of participation in environmental, social and governance (ESG)...
Globally, wildfires cost $50 bn every year; AI can help fight them: WEF
World Economic Forum said that global wildfires in 2021 released an estimated 6,450 mega tonnes of CO2 into the atmosphere Sensors with in-built AI can collect acoustic information or operate as smoke detectors in forests and alert authorities within the first hour of...
MS Amlin strengthens Asian reinsurance offering with Phoenix 3 Re launch
Phoenix 3 Re has secured over USD45m of collateralised capacity, more than its predecessors Phoenix 1 Re and Phoenix 2 Re. Alongside an increased underwriting risk appetite, this gives MS AAP close to USD83m of capacity through its Phoenix vehicles, to support local...
India may become the sixth largest insurance market in the world by 2032: Swiss Re Report
India will become the sixth largest insurance market in the world in terms of premium volume by 2032, up from 10th largest in 2021 Life insurance profitability in India to benefit from rising interest rates. Pandemic-related claims continued to impact life insurers’...
Maha: Tribunal awards Rs 12.96 lakh compensation to woman for son’s death in road accident
The MACT awarded a compensation of Rs 12.96 lakh to the deceased's mother, including Rs 8.64 lakh towards the loss of income, Rs 3.45 lakh for future prospects, Rs 16,500 towards loss of estate, Rs 44,000 for loss of filial consortium, Rs 16,500 for funeral expenses...