The move by the DFS has come at a time when GIC Re had already...
Category:
Non-Life
Latest
India braces for driest August since 1901 amid intensifying El Nino
Normal rainfall is critical for India's agricultural landscape,...
Biden administration targets diabetes drug, blood thinner, others for Medicare price negotiations
The move is expected to cut costs for some patients but faces...
Air traffic growth hits 5-yr low in FY19 at 11.6%; cargo at 6%
The passenger traffic movement at the four key airports reported a sharp decline in March as travel demand in the Delhi and Mumbai airports de-grew 9.4 percent and 16.2 percent, respectively. Similarly, Chennai saw a 7.4 percent de-growth and Kochi degrew by 11.3 percent in March.
Boeing aims to move Lion Air crash lawsuit from Chicago HQ to Indonesia
Boeing — if it can shift the U.S. cases 10,000 miles away — would skirt responsibility and lessen its financial liability.
Boeing’s legal woes over crashes mount with negligence suits by families
“If they deny theSave ir negligence, we are going to seek every single email, text message between them and the FAA,” Robert Clifford, attorney for Njoroge and Vaidya, told reporters in Chicago on Monday.
11 sr PSU general insurers promoted as GMs in 2019-20
The officials who have been promoted are: NIA- Neerja Kapur, Arvind Kumar Logani, Inderjeet Singh, Rekha Gopalkrishnan , GIC Re-SL Tripathy and N Ramaswamy, UIIC-D Nagalaxmi, YK Shimray, Gauri Venkatesan, OIC-Arati Mathur, NIC –S Tuli Nagpal .
Stephen Catlin launches a specialty entity for complex risks,invests $1.8bn capital
Stephen Catlin said: “The launch of Convex distils vast industry experience and client focus to create the insurance company of the future. We begin unencumbered by legacy but rich with expertise and the strength of independence. There is evidence of pricing momentum in many classes and we are well equipped to prosper in a challenging market. We are thrilled to have the support of Onex and our co-investors and believe they will be valuable partners to us as we build our business.
Willis Towers Watson launches unique $1billion political risk insurance programme
The ever-shifting political environment is demanding a new and innovative approach to how this coverage is currently provided. In conjunction with a select panel of highly rated global insurers, Willis Towers Watson has developed a market-leading, comprehensive and clear policy wording to respond to the needs of its clients. The new programme is targeted at large global clients who may have existing assets or are considering future investments overseas.
IP emerges as a top 10 risk, insurance covers only 16 percent of $1B in potential losses:Report
“One of our key findings is that threats to a company’s intangible assets are not in proper balance with that company’s insurance protection,” said Lewis Lee, Global Head and CEO of Aon’s IP Solutions. “Understanding how to properly value, exploit and insure intangible assets is exponentially heightened in the digital era. Intangible assets are a Board of Director level issue.”
Direct-to-Consumer model gains traction in US auto insurance market
What’s driving this trend? In a word: consumerism. The shift in consumer behavior in the auto insurance industry is quickly moving from face-to-face to digital as large, well-capitalized insurers give consumers the tools to shop as they would for any other consumer product. Increasingly, those insurers who get that consumer model right are the ones who will dominate the market.
Tesla to launch insurance products in May
“The answer is yes we are creating a Tesla insurance product and we hope to launch that in about a month. It will be much more compelling than anything else out there,” Tesla CEO Elon Musk said