Traffic is even more disrupted in the Strait of Hormuz with just...
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Changing Hazards:Benign H1 2026 masks rising natural catastrophe risk, finds Swiss Re
Wildfire risk has so far accounted for only a relatively small...
Key question:Whether reinsurers can maintain underwriting discipline or will irrational competition emerge
“If underwriting discipline and pricing integrity can be maintained...
Record-low Danube levels expose shipwrecks
Danube levels fell to record lows this week in Croatia and Serbia, exposing hundreds of square kilometers of sand banks, following the summer’s prolonged heatwaves and drought that have affected waterways across Europe. Dozens of boats in a marina in Serbia’s northern...
Saudi Arabia-bound Supertanker U-turns before Houthi chokepoint
It’s not clear what exactly prompted New Champion’s U-turn. Some providers of shipping insurance have in recent days been unwilling to offer coverage for any vessels calling at Saudi Arabia due to the risk of attacks, according to ship and insurance brokers. A Hong...
IRDAI cracks down on 99% Fire Insurance discounts amid pricing war
Although India's general insurance market has been de-tariffed, allowing insurers to determine their own pricing since Apr 1,2024, the IRDAI reminded companies that premiums must remain aligned with board-approved underwriting policies and prudent risk management...
Dark patterns must be eliminated from insurance sector: IRDAI Chairman
Lto R-Narendra Bharindwal, president, Insurance Brokers Association of India (IBAI),K Rajaraman, chairman, IFSCA, Ajay Seth, chairman, IRDAI and Tapan Singhel, MD&CEO, Bajaj Allianz General Insurance at silver jubilee conclave of IBAI on Saturday in New Delhi...
Rising Motor TP losses weighs on NIA’s Q1 results
"The Motor Third Party line of business continued to be under pressure as there was no premium increase while claims inflation continued. The significant spike in the Motor TP loss ratio had a severe adverse impact on the results. The industry is looking forward to a...
India, Middle East, and African re/insurance markets witness decline in rates across all lines in Q22026
Pricing for general liability varied by region, with India and the United Arab Emirates seeing the largest declines. Mumbai:India, Middle East, and African re/insurance markets have witnessed a decrease in rates across all lines in the second quarter of 2026, said a...
New India aims for 50:50 corporate-retail portfolio as insurance sector enters new era
From Lto R- G Srinivasan, MD& CEO, Galaxy Health Insurance, SK Kanwar, advisor, Reliance Industries,S. Sivasankar, executive director, New India Assurance(NIA),Girija Subramanian, CMD, NIA at NIA's 108th Foundation Day celebration on Wednesday in Mumbai "The...
Sikkim tunnel collapse: 22 bodies recovered,explosion suspected to have been caused by methane gas
Twenty-five workers were inside the under-construction NHPC Teesta Stage VI Hydropower Project tunnel, which collapsed following an explosion suspected to have been caused by methane gas shortly after 1 pm on Monday. Namchi:The bodies of 22 workers have been retrieved...
Blackstone, former HDFC ERGO CEO Anuj Tyagi join hands to launch general insurer in India
The proposed venture is expected to become the first new insurance company with up to 90 per cent foreign ownership following the government's decision to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent Mumbai:Global investment...
Insurance woes amid US-Iran war stall airlines’ return to Dubai
International carriers’ operations to Dubai are growing but some key European airlines still aren’t making the trip because of government travel advisories for the region, according to Dubai Airports Chief Executive Officer Paul Griffiths. “They are having difficulty...