Mario Greco, who led his firm out of the Net-Zero Insurance...
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Lloyd’s of London leads insurers tightening Taiwan cover as conflict risks rise
“Availability of cover for Taiwan has got tighter,” said Crispin...
IRDAI launches impact study on Risk Based Capital framework
This study holds paramount significance, as it provides the...
New India Assurance launches global mediclaim policy
New India Assurance (NIA) launched a global mediclaim policy to cover treatments like cancer, neuro-surgery, heart surgery, organ transplant and bone marrow transplant in hospitals only outside India. For this, the insurer had tied up with 99 hospitals worldwide including Cedar-Sinai Medical center, John Hopkins and King’s College hospital
$344 bn global economic losses in 2017, a record nat cat year: Aon report
Insured losses to the private sector and government-sponsored programs were among the costliest ever incurred, reachingUSD134 billion in 2017 – just behind the record USD137 billion in 2011. This is 139 percent higher than last year’s USD56 billion, primarily due to high insurance penetration in the US
Global insured Cat losses at $136 billion in 2017, third highest:Swiss Re
-Total economic losses from natural and man-made disasters in 2017 are estimated to be USD 306 billion, up from USD 188 billion in 2016
– Global insured losses from catastrophes in 2017 are estimated· to be USD 136 billion, the third highest on sigma records
– US was hardest hit, including by hurricanes Harvey, Irma and· Maria, which have made 2017 the second costliest hurricane season on sigma records after 2005
-Disaster events claimed more than 11 000 victims in 2017·