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Insurers increasingly tap AI to tackle surging Cat losses
Risk experts are increasingly using AI to crack an especially...
Disaster is directly linked to climate change: Amit Shah
This Bill does not infringe on the federal structure. The primary...
Swiss Re partners with dacadoo to offer platform to insurers of all sizes
The new combined solution also strengthens Swiss Re’s Personal Resilience Suite (PRS capabilities). PRS is a holistic, modular and innovative risk assessment approach, powered by Swiss Re's renowned underwriting manual Life Guide Zurich: Swiss Re and dacadoo today...
AXA in India boosts telemedicine helpline with free specialist teleconsultation feature
SAATH is a 'One AXA' public health initiative between AXA France Vie, AXA GO Business Operations, and AXA XL and provides free general and specialist consultation to more than 25 crore people in four states in India: Delhi, Haryana, Maharashtra and Rajasthan New...
Marine insurers widen high-risk area as Ukraine conflict escalates
The new high-risk areas also extend to various inland waters and sections of the high seas, underscoring the increasing dangers. “There is clearly a growing nervousness around the region in the insurance market, especially in relation to the Black Sea,” said Marcus...
Climate change making Australia a more difficult place to live: PM Scott Morrison
“Australia is becoming a harder country to live in because of these natural disasters,” Morrison told reporters on Wednesday, adding that the world was dealing with “a different climate to the one we were dealing with before” Prime minister Scott Morrison Australia’s...
Australia to declare east coast floods a national emergency
The declaration means flood victims won't have to provide identification documents to receive support payment and in some circumstances the federal government can act independently in areas where the state governments haven't requested help. Canberra: Australia's...
Lessors face legal quagmire as Russian plane repos stall
Western bans imposed after Russia's invasion of Ukraine give most leasing firms until March 28 to sever ties with Russian airlines - sparking a game of cat-and-mouse from Asia to Africa as lenders frantically try to seize aircraft Leasing companies are terminating...
Britain announces new aviation sanctions against Russia
The new measures would also prevent aviation and space related exports including insurance and re-insurance. This will mean cover is withdrawn on existing policies and British-based insurers and reinsurers will be unable to pay claims on existing policies in these...
Swiss Re partners with NTUC Income to shield against future variation in Income’s annuity book
This partnership will help shield Income from future variations in its annuity book, by sharing with Swiss Re any future payments to annuitants who live beyond their age expectancy "In this instance, Swiss Re leveraged its global longevity reinsurance expertise,...
How sanctions against Russia are battering the global aviation industry
Manufacturers, lessors, insurers and maintenance providers to Russian carriers like Aeroflot, S7 Airlines and AirBridgeCargo are among those outside Russia that are hit directly by sanctions Russian airlines have also been cut off from the insurance and reinsurance...
AIA buys BEA’s travel and general insurance services unit Blue Cross
BEA agreed to sell its medical, travel and general insurance services unit Blue Cross (Asia-Pacific) Insurance and all of its 80% interest in healthcare services unit Blue Care JV (BVI) Holdings to AIA to generate value for shareholders. Asia-focused AIA’s largest...