Indian airlines have informed the insurers including New India...
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Markel launches Clinical Trials product to support clinical trials research globally
“Clinical trials insurance is a regulatory requirement in many...
Chaucer launches affirmative AI liability cover
As AI adoption continues to surge, AI incidents have spurred over...
Date to head IRDAI’s Reinsurance Advisory Committee
The IRDAI has reconstituted its Reinsurance Advisory Committee (RAC) under the chairmanship of former managing director, Swiss Re, India Dhananjay Date. The other members are R. Chandrasekaran,former Head of Reinsurance, Cholamandalam MS General, G. Srinivasan,...
GIC Re overhauls its business portfolios for profitability , appoints KPMG to modernise HR
Devesh Srivastava,CMD, GIC Re GIC Re, one of top 15 global reinsurers and third largest Asian Reinsurer, is currently undertaking major restructuring of its business portfolios to provide major focus on topline growth, said Devesh Srivastava,CMD, GIC Re KPMG will act...
Govt orders probe after 3 incidents of in-flight engine shutdowns
India has seen a number of mid-flight shutdowns, and regulators have responded strongly in the past, once ordering IndiGo, the nation’s biggest airline, to ground some of its A320neo planes after engines manufactured by Pratt & Whitney experienced repeated...
SCOR to stop covering new oil field production projects from 2023
To double the coverage for low carbon energies by 2025 SCOR has a longstanding commitment to fighting climate change, undertaking numerous actions to help reduce greenhouse gas emissions and facilitate the just transition to a low carbon economy Paris: During the...
Tesla bets it can bring down insurance costs, make driving safer
The insurance offering — a passion project for CFO Zachary Kirkhorn — is currently available in just eight states, including California, Illinois and Texas. During the last earnings call, Kirkhorn said Tesla had become the second-largest insurer of its cars in the...
Munich Re offers new validation service for trustworthy AI
“The digitalisation megatrend is also transforming the risk landscape. Novel risks – be they in the area of cyber, data analytics, quantum computing or artificial intelligence – call for innovative solutions. CertAI will enable us to take the next step forward and...
Flood condition worsens in Assam, landlsides in Arunachal
Assam State Disaster Management Authority said that at present 1413 villages are under water and Nagaon is the worst hit district where 2.88 lakh people are reeling under the calamity. In Cachar nearly 1.2 lakh people ands in Hojai more than 1.07 lakh people were...
Climate Change: Greenhouse gas, sea level rise, ocean heat hit new records in 2021
"Extreme weather has the most immediate impact on our daily lives. Years of investment in disaster preparedness means that we are better at saving lives, though economic losses are soaring. But much more needs to be done, as we are seeing with the drought emergency...
China Jet crash was intentional, suggests Black Box data: Report
In March, the Boeing 737-800 jet, which was en route from Kunming to Guangzhou, crashed in the mountains of Guangxi, after a sudden plunge from cruising altitude, killing all 123 passengers and nine crew members aboard. It was mainland China's deadliest aviation...
RMS launches new cloud-based application UnderwriteIQ
Moe Khosravy, Executive Vice President, Software and Platform, RMS, said: “The growth in adoption of the RMS Intelligent Risk Platform has been phenomenal. A substantial number of clients are benefiting from the secure cloud-based platform that provides superior...