Prior to this role, Bernhard Kaufmann was Chief Risk Officer at NN...
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Reinsurance
Latest
Ratings: Crisil affirms New India, downgrades National Insurance and United India
NIA's rating is driven by the company’s leadership position in the...
Lloyd’s broker UIB charged by UK over alleged Ecuador bribes
UIB sold reinsurance services to state-backed insurers covering...
Science offers basis for national climate damage claims: Study
The United States and China, as the world’s two leading emitters, caused global income losses of over $1.8 trillion each from 1990-2014, while Russia, India, and Brazil caused losses individually exceeding $500 billion each for the same years Warmer temperatures can...
Global insurance premium to surpass $7 trillion in 2022 for the first time: Swiss Re
Among top 10 markets, only three- France, Canada and India(10th largest)- have recorded positive growth in overall premium in 2021 Non-life premiums are forecast to rise by 7.1% in nominal terms in 2022, amounting to $ 4.1 trillion globally by the end of the year Life...
Andhra Pradesh rejoins crop insurance scheme PMFBY from this kharif season
Union Agriculture Minister Narendra Singh Tomar said with this important decision, crops of more than 40 lakh farmers of the state will get insurance cover in case of natural calamity New Delhi: Andhra Pradesh has decided to rejoin the Pradhan Mantri Fasal Bima Yojana...
SpiceJet’s Dubai-Madurai flight delayed after aircraft’s nose wheel malfunctioned
This is reportedly the ninth technical malfunction in a SpiceJet aircraft in the last 24 days. This comes after, DGCA on Wednesday (July 6) issued a show-cause notice to SpiceJet after eight technical malfunctions in its aircrafts since June 19. The aviation...
Chainproof launches as the World’s first regulated smart contract insurance provider
By combining forces with SOMPO and Munich Re, global leaders in (re)insurance, Chainproof is positioned to become the world's leading regulated smart contract insurance provider Chainproof plans to offer licensed, institutional-grade insurance coverage for...
Ships get older and slower as emissions rules bite
Supply chains are already strained due to a surge in demand as economies rebound from lockdowns, pandemic disruptions at ports and a lack of new ships. If older vessels move into the slow lane as well, shipping capacity could take another hit at a time when record...
IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry
Non-life panel headed by Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, to deliberate on issues like Obligatory Cession, Cession cap on cross boarder reinsurers, introduction of emerging risk transfer solutions (ART, ILS, CAT bonds etc.), and...
IRDAI considers 12 new insurance players for licenses
Debasish Panda, chairman, IRDAI The entities who have applied for the new licenses are Paytm General Insurance, Anzen General Insurance ( R1 filed in July), Ria General Insurance( R1 applied), Kshema General Insurance(Agriculture Insurance, R2 under process),Cosmea...
Flooding affects 7.2mn people in Bangladesh: UN
According to the statement, the Bangladeshi government has evacuated over 472,000 people to some 1,605 shelters Dhaka: An estimated 7.2 million people have been severely affected in Bangladesh following devastating flash floods which began in May with a second wave...
Australian flood: Insurers receive 8,415 claims for almost $100 million
There are 84 per cent property, 14 per cent motor and two per cent commercial claims Sydney: The Australian insurers have received 8,415 claims with an estimated insurance loss of $97.9 million, said the Insurance Council of Australia (ICA) which earlier this week...