In a significant change, insurers would be allowed to invest a...
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Insurance intermediaries must report big commission payments, Publish details online: IRDAI
In a move aimed at strengthening oversight of sales practices,...
Lloyd’s:A new marine war risk consortium launched to support Strait of Hormuz shipping
The new marine war risk consortium will issue primary policies for...
Beijing Court orders Malaysia Airlines to pay $410,000 compensation to families of MH370 victims
The court ordered the airline to pay each family compensation for the death of their loved one, funeral expenses, and damages stemming from emotional distress, it said in a statement.Although it is not known what happened to the passengers, they have been declared...
Employee medical plan costs in India expected to rise by 11.5 per cent in 2026
The report showS cardiovascular diseases, gastrointestinal conditions, and cancer will continue to be the top drivers of medical costs, with hypertension, high cholesterol, and poor nutrition as leading risk factors. “India’s healthcare landscape is evolving, with...
Climate change supercharge devastating South Asian floods
A trio of tropical cyclones battered the region from Sri Lanka to Indonesia in November, causing at least $20 billion of losses. The storms resulted in torrential rainfall and destructive floodwaters that swept through homes, businesses and tourist spots, damaged...
Swiss Re and RIQ partner to advance risk transfer powered by data and AI
Swiss Re's Group Chief Executive Officer Andreas Berger said,"This collaboration builds on Swiss Re’s deep risk expertise, strong data foundation and early adoption of AI. Together with RIQ, we aim to realise an AI-native reinsurance platform and further strengthen...
Allianz and Oaktree join hands to launch reinsurance syndicate at Lloyd’s
Thorsten Fromhold, Chief Group Reinsurance Officer, Allianz SE Reinsurance, said: " The launch of this Lloyd's syndicate highlights the strength of the portfolio we are ceding and our consistent approach to reinsurance, which is an important contributor to Allianz’s...
Berkshire Hathaway announces a shakeup of its top management team as Warren Buffett set to retire
Warren Buffett Berkshire Hathaway also announced changes in its insurance and noninsurance operations and named Michael O’Sullivan as the general counsel, marking the creation of a new position at the company Berkshire Hathaway announced a shakeup of its top...
AB-PMJAY: 2.02 crore claims amounting to Rs 28,732 crore settled in FY25, says govt
The scheme was also expanded to cover 6 crore senior citizens of age 70 years and above belonging to 4.5 crore families, irrespective of their socio-economic status, through the Ayushman Vay Vandana card. 89.51 lakh cards have been issued under the Ayushman Vay...
FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD
Some of the names who are belived to have applied for the post of GIC Re CMD include, Rajeev Singh, Head Reinsurance and corporate marketing, Digit Insurance, promoted by Prem Watsa and Kamesh Goyal. and Mandakini Balodhi, one of directors in Department of Financial...
EMEA insurance sector in 2026 to have stable operational and business conditions, says Fitch Ratings
Some pricing and competitive pressures will arise, alongside weak economic growth and volatile financial markets, but robust underwriting and new business generation, high reinvestment yields, and strong capitalisation will support insurers. Stockholm/Paris/London:...
Airbus Fleet Recall: Space weather in focus
The recall by Airbus could well "set a major precedent" by signalling that space weather needs to be given more importance for aircraft safety Space weather in focus after Airbus fleet recall experts raise questions about solar flare theory Aerospace giant Airbus...