TATA AIG General Insurance today announced the launch of MediCare...
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Tata AIG Claim Fraud: Key accused held in Rs 30 crore fake car repair scam
“The Tata AIG General Insurance alleged that six garages across...
Harassment in settling insurance claims by hospitals ground for compensation, not criminal offence: Delhi HC
Justice Neena Bansal Krishna made the observations while dealing...
Gas leaks in Russian pipelines to Europe stoke sabotage fears
Sweden's Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, the day after a leak on the nearby Nord Stream 2 pipeline was discovered that prompted Denmark to restrict shipping and impose a small no fly zone STOCKHOLM/COPENHAGEN: Europe...
Hamann appointed as CEO, Aon,Indonesia.
Aon plc announced Karl Hamann has been named chief executive officer of Aon Indonesia. Hamann will be based in Jakarta and report to Owen Belman, chief executive officer of Aon Asia. Hamann joins Aon from Pacific MMI Insurance where he was chief executive officer,...
Crop insurance startup PlanetWatchers raises $11m, provides crop insights regardless of weather and lighting conditions
PlanetWatchers is a world-leading technology company that uses advanced machine learning to support crop insurers and the agricultural industry in verifying cover crops, tillage, planting dates, acreage, crop classification and weather damage at scale London:...
Global financial firms review risks of doing business in China over Taiwan tensions, political risk premium jumps more than 60%
Global insurers, meanwhile, are backing away from writing new policies to cover firms investing in China and Taiwan, and costs for political risk coverage have soared more than 60% since Russia’s invasion of Ukraine Insurers are underwriting new policies, but...
Marsh McLennan announces John Q. Doyle to succeed Daniel S. Glaser as President and CEO
John Q. Doyle,President and Chief Executive Officer, Designate, Marsh McLennan Doyle has served as Group President and Chief Operating Officer of Marsh McLennan since January 2022, and prior to that was President and CEO of Marsh, the Company’s risk advisory and...
Covid helpline received 6.62 lakh calls related to viral disease between Sept 2021 and August this year
The helpline was also used for helping citizens with Co-WIN registration and vaccine appointment booking since December 2020 New Delhi: More than 6.62 lakh calls were made to the government's COVID-19 helpline number -- 1075 -- with queries related to the disease...
WTW and University of Cambridge launch first ever Airport Risk Index
Ultimately, with the Airport Risk Index framework, airports will be able to reassure governments, regulators, investors, insurers and business partners that they have a renewed understanding of their risks and the necessary mitigation strategies LONDON: WTW and the...
Marine cargo insurance premium rises 8% to $18.9 billion in 2021,improvement in overall loss ratios: IUMI
Cargo premiums increased in most markets, with China leading the growth in 2021. China now accounts for 14% of the cargo market, with the UK (Lloyd’s of London and the International Underwriting Association) having a 12.2% market share. With 2021 claims starting at a...
Piramal, Zurich Insurance mull joint bid for Reliance General Insurance
Zurich confirmed that it has made a separate offer to acquire a stake in Reliance General Insurance Company as part of the resolution process under Insolvency and Bankruptcy Code (IBC). ''The terms of any transaction are subject to negotiations and there can be no...
Aon names senior leader for APAC Cyber Solutions, furthering investment in cyber capabilities
Adam Peckman, senior leader for APAC Cyber Solutions,Aon “Only two in five businesses are ready to navigate new exposures arising from the rapid digital evolution we’ve witnessed across all industries in the past 24 months. Cyber risk cannot remain an IT risk or...