On May 25, Liberia-flagged MSC ELSA3 ship travelling from Vizhinjam...
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Zurich Kotak General Insurance launches commercial insurance
Alok Agarwal, MD & CEO, Zurich Kotak General Insurance Alok...
Domestic automobile retail sales up 5 pc in June; PVs, two-wheelers witness growth
"Heavy rains and tight market liquidity weighed on footfall and...
DBS Bank India provides credit insurance cover to Tata Metaliks in collaboration with HDFC ERGO and Atradius
Through the collaboration between DBS, HDFC ERGO and Atradius, this solution enables corporates to transfer the risk of their account receivables onto an insurer while getting financing against those insured receivables from a bank Mumbai: DBS Bank India Limited today...
EU proposes rules making it easier to sue drone makers, AI systems
Under the draft rules, victims can seek compensation for harm to their life, property, health and privacy due to the fault or omission of a provider, developer or user of AI technology, or for discrimination in a recruitment process using AI Users can sue for...
Stellar cast of panellists unveiled for 18th SIRC
Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth and and Monetary Authority of Singapore Board Member Guest-of-Honour, Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture,...
Indian general insurance industry’s record underwriting losses flare up by 50% to Rs 28,500 crore in FY2021-22
The four PSU general insurers, which together have over 35 per cent of industry's market share, have generated 70 per cent of its underwriting losses in FY2021-22 19 full fledged private sector general insurers, led by IFFCO Tokio General Insurance, have incurred...
Losses from Super Typhoon Nanmadol expected to be manageable for Japan Insurers
Secondary perils such as hurricane-induced flooding, storm surges and landslides are not modeled to the same extent as primary perils, and loss creep was an issue for insurers after 2018’s Typhoon Jebi HONG KONG: Given Super Typhoon Nanmadol’s reduced strength upon...
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...