Two Russia-based maritime insurance providers: Ingosstrakh...
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IRDAI further strengthens regulatory framework, notifies 5 more regulations/amendments
These changes align with IRDAI’s broader move towards a modern,...
South Korea jet crash puts fast-growing Jeju Air’s safety under scrutiny
Authorities have suggested a bird strike contributed to the...
UK ship insurer withdraws cover for two Russian container ships
The world’s biggest container shipping lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow in a further blow to trade with the country British ship insurer West of England has withdrawn cover for two...
Climate change to uproot millions, especially in Asia:
By one estimate, as many as 40 million people in South Asia may be forced to move over the next 30 years because of a lack of water, crop failure, storm surges and other disasters No nation offers asylum or other legal protections to people displaced specifically...
Road ministry issues new rules on road accident reporting for claim settlement
Road Transport Ministry said that it is mandated that the procedure for detailed investigation of road accidents should be conducted, the detailed accident report (DAR) and its reporting, along with timelines for different stakeholders for quick settlements of claims...
UK shuts out Russian companies from aviation insurance market
The move will leave Russian commercial airlines scrabbling to get cover elsewhere. Industry sources say this could include from Chinese reinsurers, while other western insurers are likely to hold back from the business, fearful of other countries imposing similar...
HDI Global supports customers with tailormade Cyber Security services for protection against cyber-attacks
Hannover: HDI Global places protection against cyber-attacks at the centre of services for its customers. The focus here is on cyber risk management. Alongside conventional risk transfer, the industrial insurer will now...
303,000 newborns die every year worldwide due to birth defects
45,000 babies born are born every year with birth defects In addition to mortality, birth defects can cause long term morbidity and disability, which in low- and middle-income countries causes a strain on the health system and, social and family resources. New Delhi:...
Future Generali Insurance launches ‘FG Dog Health Cover’ insurance
Future Generali India Insurance Company Limited (FGII) announced the launch of FG Dog Health Cover, a comprehensive health insurance for pet dogs, along with industry-first ‘Emergency Pet Minding’ cover. This comprehensive cover will protect pet parents against the...
Russian cyberattacks may test insurer war exclusion policy language: Fitch
Larger insurers have taken significant pricing and underwriting actions in response to rising cyber claims in recent years, including tightened contract language, which should help mitigate underwriting losses in the current uncertain environment, Fitch Ratings says...
Maha, MP, Odisha suffered most from extreme weather in 2021: IMD chief
Indian Ocean is the fastest warming ocean basins in the world, and this will have serious impacts on the South Asian region. Heavy rainfall and flood-related incidents last year had claimed over 750 lives across the country, with Maharashtra recording the highest...
New India in talks with GIC Re and global reinsurers place Rs 43,000 cr nuclear plant cover
Industry sources point out that placement of the KKNNP insurance has to be completed soon as the reinsurance market has shown hardening tendency in view of Russian invasion of Ukraine that has started impacting the reinsurance rates Mumbai: With the...