“India has long been an important market for Berkley Insurance Asia...
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Thailand floods “paralyzed” flow of high tech components and car parts to neighboring Malaysia
The floods are the worst on record for southern Thailand, with the...
D&O Market in 2026:Geopolitics and cyber drive risk exposures
For D&O insurers, the US especially is a highly complex market...
Marsh’s Alex Rosati to join as Asian claim head of WTW for its Corporate Risk & Broking business
Alex Rosati In his role with WTW, Alex will focus on all aspects of the firm’s claims proposition, including the development and execution of WTW’s claims management strategy across Asia Singapore: WTW, a global advisory, broking and solutions company, today announced...
Canopius announces Andy Haste as Group Chairman
He has deep insurance expertise; his former roles include group chief executive of RSA Insurance Group, and CEO at AxA Sun Life, as well as serving as senior independent director and deputy Chairman of Lloyd’s for nine years, between 2012 and 2021 London: Canopius, a...
Health sector most at risk from AI-related threats, Swiss Re
Christoph Nabholz, Chief Research & Sustainability Officer at Swiss Re,said: "While IT services are currently the most affected by AI risks as a pioneer in this area, this is set to change as the use of technology becomes more widespread across all industries,...
Shipping: Losses hit all-time low despite increasing risks for the sector: Allianz Report
The number of shipping incidents reported globally declined slightly last year (2,951 compared to 3,036), with the British Isles seeing the highest number (695). Fires onboard vessels – a perennial concern – also declined Fires remain a key safety issue on larger...
New India doubles its net profit to Rs 354 cr in Q4FY24
Titus Francis, executive director, NIA "NIA has delivered excellent results in FY24, despite adverse impact of several catastrophic claims during the year. It has recorded a 128 per cent growth in its net profit in Q4. On individual lines, Motor third party loss ratio...
Global cybercrime cost increased 12x faster than total cybersecurity spending: Report
Cyber attacks, including ransomware, data breaches, cyber espionage, and phishing, will inflict damages totalling $9.2 trillion in 2024, $1.1 trillion more than last year and a shocking 972 per cent more than six years ago New Delhi: As organisations continue to spend...
China boosts farmer protection with nationwide insurance for major grains
The policy is aimed at improving the level of agricultural insurance protection, stabilizing farmers’ income, supporting the revitalization of rural areas and safeguarding food security, according to a notice released with the Agriculture Ministry and the State...
Health Compass launches new technology for brokers eyeing individual international private medical insurance business
Technology will enable a brokers’ ability to deliver an international medical insurance quotation via a white-labelled, whole of market solution London: InsurTech for the international private medical insurance (IPMI) market, Health Compass, today announced the launch...
Singapore Airlines flight makes emergency landing in Bangkok, one dead, 30 injured
The Boeing 777-300ER plane with 211 passengers and 18 crew was headed to Singapore when it made the emergency landing, the airline said in a statement Bangkok: A Singapore Airlines flight from London made an emergency landing in Bangkok on Tuesday due to severe...
New National Health Insurance will not stop private healthcare in South Africa: President Ramaphosa
Cyril Ramaphosa, President,South Africa “The NHI will be a lifeline for millions of poor South Africans whose resources will be freed up for other essential needs. It will also alleviate the burden on those who are increasingly paying more in medical aid premiums for...