``India's private sector insurers continue to reinforce their...
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Yemen’s Houthis to target only Israel-linked vessels following Gaza deal
Higher war risk insurance premiums, paid when vessels sail through...
Maha minister admits irregularities in crop insurance scheme, says shrines shown as farmlands
Maharashtra Agriculture Minister Manikrao Kokate disclosed that...
Covid-19 deaths: SC allows Centre to conduct inquiry into fake claims
A bench of Justices M R Shah and B V Nagarathna said the government can verify 5 per cent of claims in four states -- Maharashtra, Kerala, Gujarat and Andhra Pradesh -- where the gap between number of claims and recorded deaths was wide The top court also set a period...
Hannover Re makes insurtech innovation platform hr | equarium openly accessible
"Like a dating service for singles, hr | equarium acts as a go-between for insurers and insurtechs and has established itself in this role as the leading innovation platform," said Claude Chèvre, the responsible member of Hannover Re's Executive Board Hannover:...
WTW partners with RIMS for promoting risk management and resilient organisations in APAC
Simon Weaver, Head of Corporate Risk & Broking, Asia and Australasia, and Head of Australasia, WTW, said,`` As the coronavirus becomes endemic, a broad set of societal risks have become ever-present in business decision making for all organisations today High...
Explainer: Can companies leaving Russia recoup losses through insurance?
Vladimir Putin,President,Russia Companies that leave and abandon their business without any action taken by the Russia government to seize control of their assets will have a tough time collecting insurance, according to legal experts "You see companies saying 'we're...
U.N. to roll out global early-warning systems for extreme weather
Petteri Taalas, Secretary-General, World Meteorological Organization With the trend expected to worsen as global temperatures continue to climb, "there is a need to invest $1.5 billion" in the next five years to predict when extreme events might occur, said World...
ICICI Lombard and Airtel Payments Bank tie-up for Smartphone Insurance
With a monthly premium starting at Rs 1299, customers can get an insurance sum that is equivalent to the purchase price of their smartphone. Customers can get this insurance on their own until ten days after purchasing a smartphone priced between Rs 10,000 to Rs...
Higher Motor 3rd Party motor premium to be implemented after mid-May
``Notice is hereby given that the said draft rules shall be taken into consideration after the expiry of a period of 30 days from the date on which the copies of this notification as published in the Gazette of India, are made available to the public,'' said the...
U.S. SEC proposes companies disclose range of climate risks, emissions data
It would also require companies to disclose greenhouse gases generated by suppliers and partners, known as Scope 3 emissions, if they are material or included in any emissions targets the company has set SEC chair Gary Gensler said the agency was responding to...
Japan’s Suzuki, SkyDrive sign deal to develop, market ‘flying cars’
The company, which is also developing cargo drones, aims to launch a 'flying car' service in Osaka in 2025 when the Japanese city hosts the World Expo. For Suzuki, the partnership will add 'flying cars' as a fourth mobility business, in addition to automobiles,...
Insurers face substantial losses from planes grounded in Russia, may lead to hardening of premiums: Fitch Ratings
Multi-billion-dollar aviation insurance claims could have significant knock-on effects on the aviation insurance market. ``We would expect insurers and reinsurers to respond by increasing premiums, incorporating more exclusion clauses in their contracts, and cutting...