Analysts at S&P Global and Moody’s also told media briefings on...
Category:
Non-Life
Latest
Reliance Gen ties-up with OLA Electric for its Extended Warranty Product of Two-Wheelers
Reliance General Insurance has tied-up with OLA Electric for its...
Tokio Marine Kiln appoints Joe Pickford as Aviation Underwriter
This appointment follows the continued development and expansion of...
Chubb recognises climate change reality,pulls back from coal
Insurance coverage for existing coal-plant risks that exceed this threshold will be phased out by 2022, and for utilities beginning in 2022. In addition, Chubb will not make new debt or equity investments in companies that generate more than 30% of revenues from thermal coal mining or energy production from coal.
Govt aims to raise health services expenditure to 2.5% of GDP by 2025
Replying to supplementaries, the minister said the government proposes to set up 1.5 lakh health and wellness centres by 2022 under the Aayushman Bharat programme. Of this 18,000-19,000 have already been established, he said.
Markel International launches Cyber 360 Policy
Coverage will be provided on a stand-alone and add on basis for businesses in the UK, Europe, Canada, Asia and elsewhere. With limits of up to £10m/€15m/$20m per risk, Markel Cyber 360 is offered across most businesses, industries and geographies.
India could face productivity loss equivalent to 34 million jobs in 2030 due to global warming: UN
With some 940 million people active in agriculture around the world, farmers are set to be worst hit by rising temperatures, according to the ILO data, which indicates that the sector will be responsible for 60 per cent of global working hours lost from heat stress, by 2030.
AIG names Tata Group’s Shane Fitzsimons as its global head of shared services
“Under Shane’s leadership, AIG Shared Services will be modernized to accelerate our progress towards restoring AIG as the leading insurance company in the world,” said Peter Zaffino, AIG’s Global Chief Operating Officer and Chief Executive Officer, General Insurance
Indians still buy insurance for “tax-saving and investment”
A whopping 98 per cent of those surveyed purchased health insurance remains financial protection against medical expenses, even as 24% gave additional weightage to a combination of factors that include tax saving, personal events such as marriage, birth of child etc.
“Growth and profitability are equally important”
A reasonable growth. at least in line with the industry and simultaneously reducing the incurred claim ratio will be the strategy going forward. Claims ratio will be brought down using better risk selection.
Cyber Liability: the last frontier of the insurance
Buyers are turning to carriers for comprehensive pre-breach and post-breach cyber risk management services, and carriers are responding, either directly or by offering these services through third parties. Some of these services include network vulnerability scanning, penetration testing both internally and externally of the network, assistance with business continuity planning, GDPR readiness and more
Cyber risks are jeopardizing M&A Deals
Of more than 2,700 information technology and business decision makers surveyed by Forescout Technologies Inc. in seven countries, 53% reported that their organization had encountered a critical cybersecurity issue or incident that put an M&A deal in jeopardy. And 65% of respondents said they had experienced buyers’ remorse because of cybersecurity concerns after closing a deal.
China creates insurance group to take over troubled insurer Anbang
During a two-year acquisition binge through 2016 that included New York’s iconic Waldorf Astoria Hotel, Anbang became synonymous with China’s unbridled appetite for international trophy assets. That ended when authorities took over the group after former Chairman Wu Xiaohui was sentenced to 18 years in prison for fundraising fraud. They then began selling some of the assets it had accumulated.