Girija Subramanian,member, Distribution, Insurance Regulatory &...
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Karnataka govt constitutes SIT to probe fraudulent insurance claims
The government order directed the SIT to conduct a comprehensive...
Hydropower Risks: Mapping interdependencies and building resilience
From an insurance perspective, events such as recent floods in...
Nepal floods could cost insurers over $130 million even before death, injury claims
Eleven Nepali hydropower projects lie in the affected region, some covered by standard commercial insurance policies that are still being assessed, said Toton Chakraborty, CEO of Oriental Insurance Company Nepal. MUMBAI:The devastating flood in Nepal last week could...
Delhi tribunal awards Rs 86.45 lakh to family of woman killed in 2017 accident
The income of a homemaker needs to be calculated based on the minimum wages of a skilled worker. NEW DELHI: A Motor Accident Claims Tribunal (MACT) here has awarded Rs 86.45 lakh compensation to the family of a 31-year-old woman, who lost her life in a 2017 accident,...
AI Phuket flight incident: AAIB preliminary report reveals hydraulic failure, Pilot’s positive drug screening
"In view of a non-negative result for psychoactive substances for one of the flight crew, it is recommended that DGCA may take appropriate actions as deemed fit to prevent abuse of psychoactive substances," AAIB said in its interim safety recommendation. New Delhi:...
Laurent Rousseau appointed as Head of International, Marsh Re
Laurent Rousseau as Head of International, Marsh Re said,“Today’s risk environment demands both deep local expertise and a truly global perspective. I look forward to working with our international teams to build on our strong foundation and bring the tailored...
Fitch maintains ‘deteriorating’ outlook on the global reinsurance sector for 2027
``Our expectations of further price declines – although less pronounced than in 2026 – amid abundant capacity drive the outlook. This, alongside rising claims costs, will lead to margin and revenue erosion, although not enough to materially affect the sector’s very...
Controlling Strait of Hormuz: US attacks prompt Iranian retaliation as fighting intensifies
The resumption of hostilities brought an abrupt end to a month of subdued military activity, during which oil shipments through the Strait of Hormuz recovered to roughly half of pre-war levels. The improvement in flows risks being curtailed, affecting supplies of oil,...
Ships adopt makeshift anti-drone defences as Black Sea attacks intensify
The scale of attacks from Russia and Ukraine on commercial ships and port infrastructure has increased sharply and may rise further, said Corey Ranslem, chief executive of maritime security group Dryad Global. Tankers and cargo ships are transiting the Bosphorus...
Howden Re launches analytics on SRCC risk
The launch comes at a moment of acute market focus on SRCC risk. Insured losses from civil unrest events have risen sharply in recent years, driven by an increasingly volatile geopolitical environment, yet the analytical tools available to the market have not kept...
Lohiya asks PSGICs to strengthen their performance monitoring through standardised KPIs and quaterly review
Sanjay Lohiya, secretary,DFS advised the PSGICs to strengthen their focus on profitable lines of business and adopt suitable measures to bring down the Incurred Claim Ratio (ICR). New Delhi:Sanjay Lohiya, secretary,Department of Financial Services (DFS), Ministry of...
Peak Re announces 2 senior appointments
Victor Kuk, Chief Executive Officer of Peak Re, said, "The new appointments reflect our commitment to investing in the capabilities and talent needed to support the next phase of Peak Re's development. Hong Kong: Peak Re today announced the appointments of Nattakorn...