The percentage cession of the sum insured on each general insurance...
Category:
Non-Life
Latest
IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges...
AM Best affirms credit ratings of ICICI Lombard General Insurance
Despite its lack of underwriting profitability, ICICI Lombard has...
IRDAI’s new norms to prompt insurers to launch innovative policies swiftly: Experts
The relaxed norms for launching insurance products, experts feel, will also make insurers more responsible as they would be held accountable for the products which are offered in the marketplace without prior approval of IRDAI Mumbai; IRDAI's decision to permit 'use...
Reducing the workweek to 32 hours
As chief executive officer of the nonprofit 4 Day Week Global, Joe O’Connor oversees six-month boot camps now helping 170 companies with 10,000 participating employees around the world to adopt more flexible work schedules He is capitalizing on a watershed moment in...
Africa: Major insurers and banks join hands to manage biodiversity risks
Responsible management of Africa’s natural capital, including its water, soil and forests, “creates fantastic opportunities and contributes to the growth and development of the continent,” Rachael Antwi, group head of ESG at Ecobank said Financial institutions that...
Russia’s state-owned RNRC to reinsure Russian oil shipments
The sources, who declined to be identified due to the sensitivity of the issue, said Russian central bank-controlled RNRC was now the main company providing state guarantees to Russian insurance firms that offered cover such as Ingosstrakh, which insures Russian...
IRDA forms panels to implement RBC, IFRS, and Insurtech strategies
In order to take forward the process of setting out reforms for increasing insurance penetration and facilitating sustainable growth of the industry and to explore the emerging trends and opportunities such as technology based core processes, Insutech, Risk...
Yellen says insurance ban on tankers could lock in Russian Oil
Janet Yellen, US Treasury Secretary The US has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months. On top of that, the bloc has worked toward coordinating with some Group of Seven...
Warming Africa threatens insurers’ quest for profit
Temperatures in southern Africa rose at twice the global rate on average in the five years leading up to 2019, according to a report by the Intergovernmental Panel on Climate Change Yet insurers are undeterred, with some looking to expand even in vulnerable...
Howden Group acquires TigerRisk, creates a new $30bn force in global insurance broking
David Howden, CEO, Howden Group The partnership represents approaching $400m of combined reinsurance revenues David Howden, CEO, Howden Group said: “ Not only does the combination create an unrivalled digitally driven reinsurance and capital markets business...
De-board ‘unruly passengers’ for not following Covid-19 protocols in aircraft, says DGCA
In case, any passenger on board an aircraft refuses to wear a mask or violates the "COVID-19 Protocol for passengers" even after repeated warnings, during the course of the flight, such passenger may be treated as an "Unruly Passenger" New Delhi: The Directorate...
Russia to use state guarantees to bypass EU ban on insuring maritime oil deliveries to 3rd countries: S&P
Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...