Narendra Singh Tomar,Union Agriculture minister ''Since 2016, nearly Rs 25,252 crore were paid by farmers as their share of premium against which claims of over Rs 1,30,015 crore (provisional) have been paid to them. Thus, for every Rs 100 of premium paid by farmers,...
John Neal, CEO of Lloyd’s, forecast 2023 premiums of 56 billion pounds, up from 46.7 billion in 2022, according to a statement Rising interest rates have hit investments at many financial firms, and it posted a net investment loss of 3.1 billion pounds, compared with...
The collaboration with Aon will augment existing insurance industry emerging risks research and provide insights into areas where insurers lack the resources to gain a thorough understanding of their exposures CHICAGO: Aon plc, a leading re/insurance broker , today...
As per the report's indicators, India, with a large coastline and millions of people surviving on the revenue they earn from fisheries, has many things to worry about. With the rise in seawater level, which the report documented as 3.7 mm per year between 2006 and...
This reaffirms the trend of a 5–7% average annual increase in insured losses over the past three decades, reveals Swiss Re’s latest sigma report "The magnitude of losses in 2022 is not a story of exceptional natural hazards, but rather a picture of growing property...
“This insurance will allow Chile to receive pre-established compensation payments for up to the maximum coverage, in the event of certain high intensity parameterized seismic events that cause material damage to the country and public finances,” the ministry said. “If...
Battery packs can cost tens of thousands of dollars and account for up to 50% of an electric vehicle’s price, often making them uneconomical to replace. “We’re buying electric cars for sustainability reasons,” said Matthew Avery, research director at Thatcham...
Gautam Adani, chairman, Adani Group The group has shot off mails to vendors and suppliers to "suspend all activities" on immediate basis. the group has asked them to “suspend all activities of the scope of work and performance of all obligations” for Mundra Petrochem...
ADEPT (ACORD Data Exchange Platform and Translator) facilitates real-time data exchange, translation, and transformation. It integrates with existing platforms, portals, and infrastructure to connect trading partners around the world, regardless of their existing...
Citing information furnished by states, the Minister said these details included the losses caused due to hydro-meteorological disasters that occurred during 2022-23, as on March 7, 2023. New Delhi: Due to hydro-meteorological disasters during the year 2022-2023, a...