SBI General Insurance has announced the appointment of Rakesh Kaul...
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Google, Apple stare at over $50 mn fine for in-app billing irregularities
The Korea Communications commission has decided to impose a fine of...
Pharma majors face disruptions in ops due to Sikkim flash floods
No major disruption is expected in supply chain as the...
5 risk trends company directors and officers need to watch in 2020:Allianz
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• “Bad news” events, impact of climate change, bankruptcies and political challenges have increasing risk implications for directors and officers (D&Os)
• Growth of securities class actions and third party funding globally means litigation against companies and their D&Os is on the rise. US, Canada and Australia see highest activity but these trends are developing around the world
• Profitability of D&O insurance sector impacted in recent years due to increasing competition, growth in lawsuits and rising claims frequency and severity. Further volatility anticipated
Berkshire Hathaway launched Commercial Crime Insurance in Asia
“Corporate fraud is becoming increasingly sophisticated as technology advances at an exponential pace across the globe. Companies now face new threats and are tasked with protecting both traditional and digital assets,” said Scotland Walsh-Riddle, head of Executive & Professional Lines, BHSI Asia. “Our policy is important protection for a company’s balance sheet by both insuring against losses arising from a wide range of threats and providing support to investigate the cause of a loss.”
Global eTrade Services unveils new finance services suite to reinforce end-to-end supply chain orchestration
In partnership with 12 leading payments, trade financiers, and insurance providers, CALISTATM Finance helps customers fulfill their trade financing needs seamlessly, securely, and smartly while making customer onboarding process faster with Know Your Customer (KYC) done within a day as opposed to two weeks traditionally.
MS Amlin unveils new operating model and sr leadership team
Under the new structure, MS Amlin Plc will therefore be removed and the corporate entities MS Amlin Underwriting Ltd. (MS AUL), MS Amlin AG (MS AAG), MS Amlin Insurance SE (MS AISE) and MS Amlin Business Services (MS ABS) will be owned directly by Mitsui Sumitomo Insurance (MSI).
Nuclear plants in country safe: Government
Minister of State in the Prime Minister’s Office Jitendra Singh said there was an identification of a malware infection on Kudankulam Nuclear Power Plant (KKNPP) administrative network which is used for day-to-day administrative activities.
Standard Club launches its new seafarer wellbeing initiatives
London: The Standard Club on Wednesday launched its new seafarer wellbeing initiative as part of its wider focus on putting people at the heart of all it does.This programme of activity is a key part of the Standard Club’s commitment to seafarer...
Now, IRDA wants a “catchy name’ for its Rs 1,00,000-Rs5,00,000 standard health policy
Hyderabad: The insurnace regulator IRDAI has hinted that the proposed mandatory standard indemnity health insurace policy would have a sum assured ranging from Rs 1,00,000 to Rs 5,00,000 on individual as well as family floater basis, The objective...
IRDAI makes it mandatory for general insurers to offer a standard health product
All insurers may endeavour to provide coverage for one or more systems covered under “AYUSH treatment” provided, the treatment has been undergone in the hospitals or healthcare facilities subject to the guidelines as may be specified by the Authority from time to time.”
IRDAI consults DHFL administrator to decide the future of group’s 2 insurance subsidiaries
Mumbai: Changing its earlier stand, the insurance regulator Irdai has decided to talk to the administrator of insolvent Dewan Housing Finance Corp Ltd (DHFL) to frame its action plans on the two of its insurance companies, DHFL Pramerica Life and DHFL...
Swiss Re outlines strategies for further profitable growth in reinsurance
“We are investing in research and technology to give us an edge in accessing growing risk pools, such as natural catastrophe, and drive forward our Corporate Solutions and Life Capital businesses. The Group’s superior capital strength allows us to capture such opportunities and maintain attractive shareholder returns.“