``I am happy to announce that we have been able to renew the...
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Generali Global Corporate & Commercial forays into India, to deliver customised insurance solutions to corporates
Rob Leonardi, Regional Officer, Generali Asia, said: “India has...
Munich Re promotes Parametric solutions for Cat losses in India
An one day event on ``Disaster Risk Transfer and Financing...
Thailand cancels licenses of 2 P/C insurers
The firms were in serious financial trouble, which could have damaged their clients and the wider public, the Office of Insurance Commission said in a statement late Friday The government will be responsible for payments of outstanding claims and the revocation of the...
UN climate report: It’s ‘now or never’ to limit global warming to 1.5 degrees new flagship
Unless action is taken soon, some major cities will be under water, António Guterres. UN Secretary-General, said in a video message, which also forecast “unprecedented heatwaves, terrifying storms, widespread water shortages and the extinction of a million species of...
Global insurers plan to ramp up private equity investments
More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost returns, according to the survey of 328 executives overseeing more than $13 trillion in insurance assets Insurers want to put more money into private equity...
PSU insurers lodge Covid insurance claims worth Rs 17,537 cr till Dec 2021
''Till December 31, 2021, 14.92 lakh COVID-19 health claims, of a total amount of Rs 17,537 crore, were lodged with public sector insurance companies, of which 93.3 per cent claims had been disposed of,'' Minister of State for Finance Bhagwat Karad said in a written...
ICICI Lombard’s 2nd edition of Corporate India Risk Index witnesses a 9% jump
Bhargav Dasgupta, MD & CEO, ICICI Lombard General insurance The highest improvement was witnessed in the Transportation & Logistics sector, which has secured a score of 69, up from 47 in 2020. The sector bounced back post pandemic owing to new strategic...
NHAI invites tenders from insurers for providing cashless treatment facility on Golden Quadrilateral stretch
The scheme will cover the immediate needs of hospitalisation of the victims for the first 48 hours from the time of hospitalisation or providing necessary treatment, whichever occurs earlier, up to a cost of Rs 30,000 starting from the time of the ambulance reaching...
Ukraine guarantees insurance payouts for vessels damaged at its Danube ports
Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
Car sales in India rise but automakers warn of supply chain disruptions
"The impact of the crisis in the form of higher fuel and commodity prices also poses a risk to (automobile) demand prospects, in case it materialises into a long drawn out war," ICRA said Carmakers in India reported a sharp rise in annual sales for the fiscal year...
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said LONDON: S&P Global sees losses in...
Apr-1 Renewals: Re/insurers jack up premiums to cover India Inc’s assets
Devesh Srivastava, CMD, GIC Re Developments in the Indian insurance industry, which is expected reach Rs 2.25 trillion in 2021-22, in the pre-renewal period indicate there have been large premium hikes in aviation, marine, group health and liability business `We...