Sunil Kumar Barnwal, CEO, National Health Authority ABDM is...
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Airbus, Air France convicted of corporate manslughter over 2009 Atlantic Crash
Airbus and Air France both said they would appeal to France’s...
West Asia Crisis:In a first New India unveils War Cover for India Inc with its Fire policy
`By introducing this dedicated add-on, which integrates with our...
Southeast Asia faces intensifying compound catastrophes and escalating flood impacts
In Southeast Asia, this phenomenon is increasingly evident. Events such as earthquakes occurring on rain‑soaked ground or typhoons following seismic activity can escalate losses, often complicating claims processes and creating friction between insurers and...
IRDAI’s Reinsurance Advisory Committe reconstituted with A.V. Girija Kumar as chairman
The other members of the committee are- T. L. Alamelu,former, member, IRDAI, Praveen Vashishta,former CEO & MD at Howden Insurance Brokers India, Roopam Asthana,former CEO at Liberty General Insurance Hyderabad:The Indian insurance regulator IRDAI has...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...
Digit Insurance pays first moisture index-based parametric insurance claim to Rajasthan farmers
The total policy sum insured for excess moisture and drought parametric coverage was Rs 1.5 crore for around 2,200 acres of land spread across four districts: Tonk in Rajasthan and Gorakhpur, Jaunpur and Varanasi in Uttar Pradesh. Bengaluru: Go Digit General Insurance...
Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for providing the cover to the business aircraft by ceding manadatory four per cent to state owned GIC Re along with a treaty policy wth Munich Re The Learjet 45 (LJ45), a mid-size business jet aircraft produced...
RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to the Germanwatch Global Climate Risk Index 2025, which tracked events between 1993 and 2022.During this period, India experienced over 400 extreme weather events, resulting in at least 80,000 deaths and...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for Nvidia and a professor of earth system sciences at the University of California, Irvine, said that one of the practical business applications of the new weather models will be in the insurance industry....
Budget-26-27:Improving insurance affordability and access
Recent policy measures, such as the exemption of insurance premiums from GST, have laid a strong foundation for sectoral growth, and the Budget 026-27, to be presented by Finance Minister Nirmala Sitharaman on Feb1, can build on this momentum through thoughtful,...
Liberty appoints Edrick Tang as senior underwriter, Fine art and specie, Asia Pacific
Fine art and specie is a key area of growth for Liberty, particularly in the Asian market, which is developing rapidly. There is a notable increased appetite from brokers and assureds, which Liberty is responding to by establishing a footprint in the region....
Adam Sullivan appointed CEO of Asia for Gallagher Specialty
Adam Sullivan,CEO,Specialty,Asia SINGAPORE: Gallagher today announced the appointment of Adam Sullivan as CEO of its specialty operations in Asia. The business supports clients across sectors including energy, marine, heavy industry, mining, property and financial...