According to preliminary estimates, 1H economic losses in the U.S....
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Cyber security and IT services provider Intersys sets up India operations
Led by Tanmay Gore, director of Intersys India, located in Mumbai,...
July 1 reinsurance renewals confirm downward pricing pressure: Fitch
Pricing across most reinsurance lines continued to gradually fall,...
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...
Climate Resiliency: Insurers need to fundamentally change business models
World Property and Casualty Insurance Report 2022: research suggests that only 8% of insurers are resilience champions; 73% of policyholders rank climate change among their top concerns “The impact of climate change is forcing insurers to step up and play a greater...
ICICI Lombard launches Professional Indemnity Insurance for doctors
Sanjeev Mantri, executive director, ICICI Lombard General Insurance said “Doctors and healthcare professionals are prone to uncertainties and risks while they are in the forefront to save lives. Error, omission, or at times unintentional negligence are a part and...
GI Council looks for a new secretary general
With the new IRDAI chairman Debasish Panda having already announced that the GI Council will be converted into an out out a professional body to deal with data and new innvative ideas, it is expected that the new secretary general will play a key role in the changing...
Africa Specialty Risks Energy Portfolio’s capacity increased to $38 million
This follows 12 months of profitable underwriting results for ASR’s energy portfolio which provides coverage for the entire African continent including upstream, downstream, power, utilities, and renewables So far, they have provided insurance cover in over 20 African...