Much of the fear over the future of the sport stems from the risk...
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RBI’s financial inclusion index rises; shows growth across all segments
In August 2021, the central bank said it has been conceptualised as...
Kerala govt asked to explain steps taken to maintain confidentiality of HIV patients when applying for CMRF
Justice Devan Ramachandran of Kerala High Court observed that...
ILS market slow to return to normal
market declined year-on-year in the second quarter of 2019, with just below $1.7 billion of non-life ILS capacity issued through 11 cat bonds, down from $6.2 billion and $4.0 billion in Q2 2017 and 2018 respectively. That made the recent quarter the second-lowest second-quarter for issuance by volume in the past eight years, except for 2016.
Munich Re’s gross premiums at €11,799m, profits up by 36% in Q2 2019
In the renewals at 1 July 2019, the recently observed market recovery continued. In particular, there was a marked improvement in prices for reinsurance cover in the markets affected by natural catastrophes.However, there were also increases in loss expectations and stable renewals in unaffected regions and markets.
As crisis deepens, auto industry seeks stimulus package from govt
During the meeting, he said, the auto industry broadly presented factors such as issues regarding availability and affordability of financing, increasing cost of acquisition of vehicles and change in axle load capacity for commercial vehicles that have hurt demand.
Willis Towers Watson launches drone disruption action plan
Jago Harvard-Walls, Client Relationship Director and Transportation Lead in Asia, Willis Towers Watson, said “Drone-related incidents at airports may be a recent phenomenon, but they are expected to increase in frequency, complexity and severity as drones become larger and more powerful. Airports need to prepare for potential attacks through effective risk management and there are a number of steps that airports can take to prepare for these scenarios. This includes assessing, locating and understanding the type of drone that has infringed airspace, as well as reputation management.”
Munich Re launches automated damage detection for improved hurricane response and claims experience
Munich Re’s Remote Industries offers insurance companies the information they need to prioritize and steer claims adjuster resources, proactively reach out to affected policyholders and ultimately help mitigate losses. Remote Industries uses high-resolution aerial imagery and machine learning to help insurance companies predict potential property claims four days prior to an expected hurricane.
Japanese flying car takes flight – for about a minute
Japan isn’t the only country seeking to usher in a flying-car utopia; Dubai, Singapore, and New Zealand have expressed similar intentions. Google co-founder Larry Page’s Kitty Hawk Corp. is also working on a flying car, as is Uber Technologies Inc.
Why year-long Ebola outbreak hasn’t triggered payout from pandemic insurance
The Pandemic Emergency Financing (PEF), which includes funding for an Ebola outbreak, comprises $95 million of bonds and $55 million of insurance. It would also provide financing in event of pandemics caused by other infectious diseases such as Marburg, Crimean-Congo hemorrhagic fever or Lassa fever.
Your high-tech car could be vulnerable to deadly mass cyberattacks
“Automakers are taking many protective actions, including designing vehicles from the start with security features and adding cybersecurity measures to new and redesigned models.”
Parametric insurance cover provides French farmers with drought relief
Parametric insurance debuted in the 1990s with a focus on catastrophic events such as earthquakes and hurricanes, typically in emerging markets. Increasingly, however, the reinsurance industry is applying the model to risks once deemed uninsurable, aided by advances in data science.
RS passes Motor Vehicles (Amendment) Bill, 2019
Penalty for unauthorised use of vehicles without a licence has been proposed at Rs 5,000 while those driving without a licence will have to shell out the same amount and those found driving despite disqualification would be fined Rs 10,000