Outside of the Lloyd’s market, Starr writes commercial non-life...
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Catastrophe bond investors brace for Jamaica payout
Depending on exactly where Melissa hits Jamaica, total losses may...
JBA Risk Management to set up India operation, to meet growing demand for flood intelligence
India’s banking sector is increasingly recognising the impact of...
More insurance players, wider range of products key to achieve insurance for all goal by 2047:Irdai chief
Debasish Panda,chairman, IRDAI ''We're a diverse nation of 1.4 billion people. We can't have a one-size-fits-all approach, instead we need more unique products that can meet the insurance needs of both the super rich as well as the very poor. And such unique products...
Climate Risks: Indian Insurers should focus on green premiums and provide eco-friendly advice to industry, experts
(Lto R) G. Srinivasan, Director of the National Insurance Academy,,Satyajit Tripathy, CMD, United India Insurance Company,Saurabh Mishra, Joint Secretary Department of financial services, Devesh Srivastava, CMD GIC Re,Hadi Riachi, CEO of Swiss Re India Devesh...
Aon’s rebuilding for resilience project addresses Hurricane Ian devastation
Dan Dick, global head of property analytics at Aon’s Reinsurance Solutions, said: “Our teams gained first-hand experience of the devastation caused by this historic hurricane, which allowed us to conduct thorough analyses and identify practical steps to improve...
IRDAI convenes 2-day industry CEOs meet on March 1-2 in Hyderabad
IRDA chairman Debasish Panda will address CEOs of general insurance companies, SAHI companies and reinsurers on March 1. On March 2, Panda will meet all the CEOs of the industry in the morning session and CEOs of only life insurance companies and reinsurance companies...
Swiss Re 2022 net profit down 67%; sees brighter outlook for 2023
"2022 was a challenging year, marked by the war in Ukraine, surging inflation, the tail end of the COVID-19 pandemic and elevated natural catastrophe losses. We have focused on addressing these challenges proactively," Chief Executive Christian Mumenthaler said...
Turkey Devastation: Insured losses at $2.4 billion, says Karen Clark & Co
The number of people killed by the deadliest earthquake in Turkey’s modern history has risen to 36,187, authorities said Total property losses from the magnitude 7.8 and 7.5 earthquakes are expected to be close to $20 billion, Karen Clark & Co said Catastrophe...
Rising toll makes quake deadliest in Turkiye’s modern history
Confirmed deaths in Turkiye passed those recorded from the massive Erzincan earthquake in 1939 that killed around 33,000 people. Speaking in Ankara following a five-hour Cabinet meeting held at the headquarters of disaster agency AFAD, Erdogan said 47,000 buildings,...
Insurers are committed to making a bigger impact on mental health, says Geneva Association report
For life and health insurers, who absorb related financial shocks through disability and income protection insurance, this is manifest in paying out close to USD 15 billion in mental health-related disability insurance claims annually. In many countries, this number...
HDFC Ergo General plans to raise Rs3 billion through 10- yr bonds
The private insurer has invited coupon and commitment bids from bankers and investors on Thursday,. MUMBAI: India's HDFC Ergo General Insurance plans to raise Rs 3 billion ($36.18 million) selling subordinated bonds maturing in 10 years, two merchant bankers said on...
Bird flu spreads to new countries, threatens non-stop ‘war’ on poultry
Outbreaks of the virus have continued in North and South America, Europe, Asia and Africa, undefeated by summer heat or winter cold snaps, since a strain arrived in the United States in early 2022 that was genetically similar to cases in Europe and Asia The virus...