The industry's domestic recovery in FY26 was driven by multiple...
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New Insurance Act enshrines transparency in IRDAI’s functioning: Ajay Seth
Ajay Seth, chairman, IRDAI ``To my mind, that was the first time an...
Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk
It would be the first time a product in the market for...
Aon’s advanced AI-powered supply chain offering to help businesses anticipate & mitigate hidden risks
Using AI and advanced data modelling, the solution analyses frequency and severity of supply chain events over time from more than 80,000 sources in over 200 countries DUBLIN: Aon plc, a global professional services firm, announced the launch of a new AI-powered...
Insurance loss estimated for outage at AWS can range from $38 million-$581 million, says CyberCube
CyberCube’s analysis shows that the outage is likely to have affected over 2,000 large organizations and nearly 70,000 organizations in total. The analysis is based on Portfolio Manager Version 6, which was released earlier this year. It allows users to assess...
India’s Cloudburst Challenges:Insurance gaps & Future safeguards
The entire Himalayan belt is increasingly vulnerable to cloudbursts, flash floods, landslides, and potential glacial lake outburst floods (GLOFs), all driven by changing monsoon patterns and accelerated warming in the region. These risks are not onlybecoming more...
UK sanctions Russia’s Lukoil and Rosneft, targets shadow fleet
"We are introducing targeted sanctions against the two biggest oil companies in Russia, Lukoil and Rosneft. At the same time, we are ramping up pressure on companies in third countries, including India and China, that continue to facilitate getting Russia oil onto...
Cybercrime causing global economic damage of almost US$10 tn,1% of cyber risks currently insured: Munich Re
Claudia Strametz, who leads Munich Re's business for Germany and who is responsible for cyber business in Europe said, “Over the past 10 to 15 years, cyber insurance has experienced remarkable growth, evolving from a virtually non-existent product to a global market...
Soteria Surveyors & Loss Adjusters enters associate agreement with Charles Taylor Marine Technical Services in Qatar and India
The associateship will ensure a rapid, consistent and expert response to claims and surveys in Qatar and India. Charles Taylor Marine Technical Services and Soteria will coordinate closely to mobilise teams for casualty investigations, hull and machinery surveys,...
Insurance Development Forum raises $340 million for Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial infrastructure projects in emerging markets and developing economies (EMDEs). It will target a diversified portfolio of resilient infrastructure, including clean water and water management, waste...
Ritu Arora appointed as Allianz Group’s Country Head of India
Ritu Arora, Country Head of India, Allianz In July 2025, Allianz announced that it had entered into a binding agreement with Jio Financial Services Limited (JFSL) to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth reinsurance...
Munich Re and New India provide first ever large parametric Pandemic Resilience cover to Mumbai’s biggest mall Phoenix Mills
``Munich Re is supporting these solutions with reinsurance capacity, however due to nature of pandemic risks no insurance balance sheet, not even one as strong as Munich Re’s, can absorb the potential losses alone. To make the consequences of a pandemic/epidemic...
Universal Sompo General Insurance ties up with AP Grameena Bank
Universal Sompo General Insurance Company has entered into a strategic partnership with Andhra Pradesh Grameena Bank (APGB) to offer customized products for rural and agrarian communities, addressing key risks such as crop loss, property damage, and health emergencies...