Recent years have also seen a growing list of pharma, food, and...
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Cyber Insurance: Largest potential lies in the SME opportunity, says Swiss Re
Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America...
8th Bima Manthan: IRDAI and Insurers brainstorm implementation of IFRS and Cyber security measures
In an era where digital transformation is reshaping industries,...
Bridge Specialty International launches with the rebrand of Lonmar Global Risks
Bridge Specialty Group, a global wholesale and specialty insurance brokerage, has announced plans to unify its London-based businesses Lonmar Global Risks, Decus Insurance Brokers and BdB Limited under Bridge Specialty International. Bridge Specialty International...
General Insurance industry grows 28% to Rs 30,378 crore in Oct
In a note worthy trend, seven stand alone health insurers have now captured 11.58 per cent of the market share in the general insurance industry in the first seven months of the current fiscal. It was 10.20 per cent in the corresponding period of the last fiscal...
Max Life integrates Swiss Re’s ‘Digital Health Underwriting’ solution to elevate the customer onboarding experience
Swiss Re’s DHU solution automates technical underwriting, using advanced technology to analyze multiple stacks of medical records and lab results concurrently. By providing real-time underwriting decisions and faster turnaround times, the solution enables more...
Flood risk: protective measures up to ten times more cost-effective than rebuilding: Swiss Re study
Flood risk is set to increase due to climate change and urban sprawl.Economic benefits of flood adaptation measures can be up to ten times the costs of post-disaster rebuilding. Dykes can reduce flood damage by 60-90%, especially in densely populated regions Zurich:...
IFRS Ready: IRDAI to meet industry honchoes to finalise norms at 2-day Bima Manthan
Debasish Panda, chairman,IRDAI ``It is our endeavour to implement Ind AS (including Ind AS 117) for insurers in India from 1st April, 2027 based on our experience and learnings from the proforma submissions and the communication in this regard will be circulated at an...
Emerging Indian Risks: Managing political, technological, environmental, economic, and competitive forces
Neelesh Garg, Managing Director & CEO,TATA AIG General Insurance Company As benign risk environments fade, resiliency is key to thriving amid challenges. Emerging risks are grouped into four categories: Known Knowns (predictable risks), Known Unknowns (risks with...
Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash floods that hit the Valencia region on Oct. 29 will have limited effects on private insurers and reinsurers. Around 4,500 businesses in the Valencia area have been directly affected, half of which face...
New leaders at Hannover Re: Clemens Jungsthöfel to succeed Jean-Jacques Henchoz as CEO from 1 April 2025
Clemens Jungsthöfel , CFO and CEO designate, Hannover Re Further Christian Hermelingmeier, 43, CFO, HDI Global SE, moves within the Group as CFO to Hannover Re from 1 April 2025. His successor at HDI Global SE will be Stefan Pasternak, 50. Currently, he is CFO at...
Innovative Climate risk insurance: PCRIC and WTW renew covers for 6 Pacific island nations
For 2024 and 2025, PCRIC now provides insurance for tropical cyclones, heavy rain, earthquake, and tsunami risk to six Pacific governments: the Cook Islands, Fiji, Niue, Tonga, Samoa, and Vanuatu, as well as the state-owned telecommunications company PNG DataCo in...
Swiss Re to sell iptiQ’s European P&C business to Allianz Direct
The acquisition will expand Allianz Direct's footprint further into the B2B2C segment as it is taking over more than 130,000 iptiQ customers. The transaction is in line with Allianz Direct's goal to expand its B2B2C operations as it can capitalise on iptiQ's...