Narendra Bharindwal, president, Insurance Brokers Association of...
Category:
Reinsurance
Latest
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re
Balz Grollimund, Swiss Re's Head of Catastrophe Perils, said: "Our...
Bajaj Allianz General unveils retail parametric cover for climate risks
L to R -Alpana Singh, Head - Bancassurance, Agri and Govt Business,...
EU sanctions tweak allows some plane owners to sell to Russia
Under the amended provision, no economic resources can be made available to the Russian counterpart, except to transfer ownership of the plane after the EU company has been fully reimbursed An amendment to European Union sanctions last week created a potential path...
Indian insurance industry has managed Covid 19 crisis well: III Survey
From(L to R) Dilip Ukey, vice-chancellor, Maharashtra National Law University,Sharad Mathur, MD and CEO, Universal Sompo General Insurance, Devesh Srivastava, CMD, GIC Re at an event in Mumbai to release survey reports prepared by Insurance Institute of India The...
Worldwide COVID cases surpass 500 mln as Omicron variant BA.2 surges
Roughly 64.8% of the world population has received at least one dose of a COVID vaccine, although only 14.8% of people in low-income countries have received at least one dose, according to figures from Our World in Data Since 2020, about 37% of the world's COVID cases...
South Africa’s deadliest floods in nearly three decades claim more than 250 lives
“The damages seem quite severe and we have received a significant volume of claims. We expect a significant number of new claims will be reported in the coming days, and we have mobilized our teams to deal with the expected volumes to ensure continuity of customer...
TMK launches IP Abatement Insurance for US-based SMEs
Product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to USD3m TMK, a leading specialist insurer, has launched IP Abatement insurance for clients in the US. The product will be available for...
Swiss Re secures secures $1.15bn alternative capital via an innovative hybrid transaction
The transaction, which covers underwriting risks across the entire Swiss Re Group, is the first of its kind to combine both bank financing and insurance-linked securities Zurich: Swiss Re has successfully closed an innovative multi-year stop-loss transaction, with...
Munich Re Life US to acquire a health information exchange
In line with Munich Re’s digital strategy and commitment to helping our life insurer clients grow their business intelligently, Munich Re’s acquisition of Clareto will enable Munich Re to structure EHRs for optimal use in life insurance underwriting. NEW YORK: Munich...
Haryana launches portal to redress grievances related to crop insurance
Haryana Agriculture Minister J P Dalal said,the Pradhan Mantri Fasal Bima Yojana has been implemented in the state since 2016.Under this scheme, barley, maize, cotton, paddy and bajra are insured in Kharif season and wheat, gram, mustard and sunflower crops in Rabi...
UNDP and Generali partner to develop insurance and risk finance solutions
"On average, the world's poorest countries lose $29 billion every year from disasters yet a meagre 3% of these losses are covered by insurance," says UNDP Administrator, Achim Steiner "This new partnership with Generali will allow UNDP to extend much-needed insurance...
IRDAI to hold `Open House’ with various industry players on 15th of every month
Debasish Panda, chairman,IRDAI ``All the regulated entities are requested to make use of this initiative to interact with the chairperson, whole-time members and senior officials of IRDAI and offer pragmatic solutions to reduce significant insurance penetration gap in...