Girija Subramanian, CMD, New India Assurance Till July 2025, 12...
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JBA Risk Management launches new India Crop Model
The new model, which includes more enhanced market data, crops,...
Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re
Jérôme Jean Haegeli, Swiss Re's Global Chief Economist, says: “The...
Proposal to blacklist ICICI Lombard sent to Maha Govt over crop insurance delay, says Akola collector
The private company has been appointed to insure crops in the district but there were delays in processing farmers' compensation claims following natural calamities, said district collector Nima Arora Akola(Maharashtra): The Akola district administration in central...
Howden places new leadership across the regions and verticals
Asia Pacific, with Goh Chye Huat and Matt Bacon leading Asia and Pacific respectively, will be chaired by Mark Wood. India, Middle East & Africa and LatAm will be led by Sonia Caamaño, currently CEO International Growth Markets, and chaired by Paul Redgate, with...
Aon launches a new climate innovation hub in Singapore
(Lto R) Greg Case, CEO, Aon and Png Cheong Boon, Chairman, Singapore Economic Development Board inaugurating Aon's new climate innovation hub in Singapore “Climate change is a reality, not a probability. In 2022, there were $313 billion in total economic losses from...
US cyber insurance sees sharp prm spike,Profit improvement to moderate: Fitch
Moderating claims frequency drove underwriting performance improvement, with lower ransomware incident costs and a higher proportion of incidents without payment However, this may be temporary, given the rapid pace of technological and economic change, such that...
Indian general insurance prm to cross Rs 3 trillion by FY 2025, says ICRA
Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, says: “ICRA expects the GDPI to expand by a healthy 13-15% to Rs. 2.73-2.78 trillion by FY2024 and further by 12-14% to Rs. 3.06-3.17 trillion by FY2025. Driven by the improving distribution...
Roots Automation Introduces InsurGPT -an advanced generative AI model for insurance
InsurGPT utilizes a deep corpus of insurance specific data and documents alongside systems and process knowledge to significantly improve the accuracy, speed, and validity of data extraction and inferencing, while reducing false-positives, ‘hallucinations,’ that...
Mass event will let hackers test limits of AI technology
Anyone who’s tried ChatGPT, Microsoft’s Bing chatbot or Google’s Bard will have quickly learned that they have a tendency to fabricate information and confidently present it as fact. These systems, built on what’s known as large language models, also emulate the...
UN agencies brace for disaster as Cyclone Mocha intensifies in Bay of Bengal
Extreme weather hazards will occur more frequently due to climate change in the years ahead, IOM warned ““The linkages between climate change, migration, and displacement are increasingly pressing worldwide,” the agency said, calling on governments to implement...
Go Airlines got premium refund for grounded aircrafts
The airlines’ total fleet size is 54 aircraft, out of which 27 have been grounded for more than a year, said Kaushik Khona, Chief Executive Officer, Go Airlines “Last year, we got a refund of the premium paid for covering the aircraft hull. The refund was about 70 per...
Supply chain risks spur demand-bulge for business interruption coverage: WTW Survey
“From multiple geopolitical tensions to ongoing inflationary pressures, global uncertainty is adding complexity to businesses just as they are recovering from the supply chain crisis. They will now be in catch-up mode against a disruptive environment, facing...