The move comes as growing scrutiny of Russia's oil supply chain by...
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Renewable Energy: Nat Cat and unmodelled extreme weather risks emerge as a defining challenge
A new report by GCube Insurance calls for action from insurers,...
Aditya Birla Capital becomes a corporate agent
After selling its insurance broking unit, Aditya Birla Capital...
Hospitals and infrastructure are most vulnerable to Cyber risks: Moody’s
“We view not-for-profit hospitals as being highly attractive, data-rich targets with average mitigation measures in place to reduce the impact of a potential cyber event,” the report said Around $22 trillion of global debt rated by Moody’s has a “high” or “very high”...
Lemonade enters UK with Aviva’s strategic partnership
Founded in 2015, Lemonade launched its flagship renters insurance in the United States in 2016, where it is now ranked one of the top renters insurance products in the market LONDON & NEW YORK: Lemonade, the insurance company powered by AI and social impact, today...
Swiss Re and Indonesia Re form partnership to support the underwriting decisions of the members Insurance Data Centre Management Agency (BPPDAN)
“Heightened risk awareness in Indonesia is fueling more demand for insurance protection. To remain competitive in a dynamic risk environment, enhancing underwriting performance and portfolio steering are key differentiators for insurance organisations,” said Monami...
Global coalition with insurers devise tool to measure Workplace Mental Health
The assessment, known as the Mental Health at Work Index, will score the effectiveness of an organization’s mental-health programs and recommend enhancements. The goal is to “help define what good looks like,” said Christina McCarthy, executive director of One Mind at...
Kishore Poludasu appointed as new MD&CEO of SBI Gen Insurance
Kishore Poludasu is a seasoned BFSI professional with over three decades of experience in commercial banking including large Corporate/Infrastructure Credit, International Banking operations, Enterprise Management, Mergers & Consolidation, etc Mumbai: SBI General...
South Asia’s poorest city dwellers bear brunt of worsening floods
Worrying about floods is an annual routine for the community, but environmental experts fear its residents - like marginalised city dwellers across South Asia - face even harsher threats ahead as rains becomes more erratic and intense. This summer's deadly inundation...
Insured losses to onshore property for Hurricane Ian to range from $ 42 billion to $ 57 billion: Verisk
Wind damage of USD 38 to 51 billion comprises the majority of the loss estimate Storm surge (excluding losses from the NFIP) account for USD 3 to 5.5 billion of the loss estimate, and inland flood less than USD 1 billion Boston: Verisk estimates that insured losses to...
Indian General Insurance Industry slips into a record loss of Rs 2,842 crore in FY2022
The general insurance industry, saddled with the huge overall losses of three PSU general insurers, Oriental Insurance, National Insurance Company and United India Insurance, has slipped into net losses of Rs 2,842 crore in FY 2021-22 as against a net profitability...
Cholera outbreaks surging worldwide, fatality rates rising – WHO
The average fatality rate so far this year has almost tripled compared with the five-year average and is currently around 3% in Africa, he added. While most of those affected will have mild or no symptoms, cholera can kill within hours if untreated. Cholera cases have...
Auto sales on ascending track riding on festive cheer, smooth chip supplies
''It is the second best month for the company in 42 months,'' MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava told reporters. The best month for the auto major was October 2020 when it had dispatched 1,63,000 units in the domestic market, he...