Extreme weather events featured in the G20’s top five risks, as the...
Category:
Non-Life
Latest
US Healthcare industry rethinks risk after murder of UnitedHealth exec
Before the shooting, most risk assessment efforts were conducted...
Fitch revises global reinsurance sector outlook to ‘Neutral’
``Given the sector’s abundance of capital, we expect a moderately...
Bar Council of India suspends 28 UP lawyers for filing fake cases in MACT
The Supreme Court. had taken a serious note of the issue relating to some advocates involved in filing fake claim petitions under Motor Accident Claims Tribunal and Workmen Compensation Act.The SC bench consisting of Justice M.R. Shah and Justice Sanjiv Khanna on 16th...
General insurance industry in Singapore to reach $4.2bn in 2025:GlobalData
An analysis of GlobalData’s Global Insurance Database reveals that motor insurance was the largest general insurance line in Singapore with a GWP share of 25.8% in 2020. Electric vehicles sales grew by over 80% during September 2020–2021, supporting the demand for...
Canada flood shows how climate change could fuel atmospheric river storms
"There may be fewer, but they are going to be lasting longer, and more intense," Vicky Espinoza, an author of the NASA study who is now a graduate student at the University of California Merced, said. Atmospheric rivers of the kind that drenched California and flooded...
urban risk landscapes to be driven by 3 main underlying trends:Geneva Association report
Man-made climate change not only directly affects the frequency and severity of weather-related hazards, it also brings longer-term shifts such as sea level rise, water scarcity and quality issues, as well as sustained higher temperatures and heatwaves, said the...
Aon appoints Jillian Slyfield as Chief Innovation Officer
"In a world that is more volatile, interdependent and faster moving than ever before, the risks our clients face are becoming more frequent and severe and the need for better decisions has never been greater," said Aon CEO Greg Case . CHICAGO: Aon plc, a leading...
US Policyholders pull back from digital claims in post-pandemic insurance world
"We're seeing some customers are heading back towards saying 'I was willing to do that during lockdown, but I want to go back to a place where I can see people and speak to them directly'," said Zurich's Group Chief Claims Officer Ian Thompson Across financial...
No scientific evidence in country underlines need for COVID-19 booster dose: ICMR’s Dr Samiran Panda
Dr Tamorish Kole, President of Asian Society for Emergency Medicine (ASEM), said, "When we are talking about the third dose, we must prioritise with the low level of immunity, immune-compromised such as cancer patients and patients who received an organ transplant and...
Andhra deluge: floods wreak havoc; toll climbs to 31, road, rail traffic hit
The flash flood caused due to a breach of the project’s earthen bund caught at least 18 people in a watery grave and left many others missing in these villages Tens of houses in these villages downstream the project were reduced to rubble. The villagers literally lost...
US Cap on drug price hikes for privately insured sparks battle
Polls show that Americans across the political spectrum overwhelmingly favor government action to reduce drug prices. The chief cost complaints are: high out-of-pocket costs for patients, high and rising list prices, and high launch prices for new medicines. The Biden...
Willis Appoints Former Lloyd’s CEO Beale and 3 others as new directors
The announcement comes months after a pushback from U.S. regulators forced Willis and Aon to call off their $30 billion merger that would have created the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc . London: Willis...