The cost of climate disasters may double in the 30 years through...
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IRDAI board to meet on Wednesday
Among other issues, the meeting, the last one under chairmanship of...
Govt advertises for a new IRDAI chairman as Panda’s 3-yr tenure ends on Mar 13
Debasish Panda, chairman, Insurance Regulatory and Development...
Global insurance market sees higher M&A deals in 2021 despite pandemic: Clyde & Co report
The pandemic has accelerated innovation in the industry with re/insurers prepared to buy, fund or partner with the technology companies that can help provide product innovation and greater agility to deliver a competitive advantage, said the Clyde & Co. report,...
Climate migration fuels conflicts in Bay of Bengal region
Disastrous floods, deadly heatwaves and devastating cyclones are taking a heavy toll in the Bay of Bengal region, which covers more than 2 million sq km (772,204 sq miles) - impacting Bangladesh and parts of Sri Lanka, Indonesia, Myanmar and India Military and civil...
Airlines likely to avoid Ukraine’s airspace amid insurance issues
News agency Interfax Ukraine said Ukrainian insurance companies had received a notification from reinsurers that airlines were not covered for war risks More airlines are likely to avoid Ukraine’s airspace amid insurance issues and a decision by leading European...
Charles Taylor announces new associate in India
Stephen Hope, Charles Taylor Adjusting’s Director – International Onshore Energy & Mining explains: “The Indian insurance industry has seen significant growth in recent years, and it is an exciting time for Charles Taylor to become a part of this market. Our...
AM Best maintains negative outlook on Brazil reinsurance market
“Overall, the segment’s growth is likely to face headwinds due to capacity limitations to underwrite risks, as the financial flexibility provided by the local capital markets dries up, and to global risk aversion, as international investors and players reconsider...
GIC Re’s net falls 150 % to Rs 210 cr on higher claims in Apr-Dec period
GIC Re, as part of restructuring its global business to be more profitable by pruning loss making business, has reduced its gross premium income by 13 per cent to Rs 32,904.65 crore in the first nine months Fy2021-22 The reinsurer's combined ratio(CR) was higher at...
Global executives lack confidence on their own organisations’ approach to Reputational and ESG ‘risk readiness”:WTW Survey
Simon Weaver, Head of Corporate Risk & Broking, Asia and Australasia, and Head of Australasia, Willis Tower Watson said, “In an increasingly digital, service-oriented economy, reputational risk is firmly on the corporate agenda. However, our findings also suggest...
Surety Bond: To Be On a Sure Footing
Rrajesh Sharrma, CEO and Principal Officer, Anand Rathi Insurance Brokers Considering the size of the Indian economy, the market demand for surety insurance will be so huge, it can be another game-changer like agricultural insurance after the introduction of Pradhan...
Tokio Marine invests & collaborates with satellite imaging specialist ICEYE
The Tokio Marine Group has been utilizing technology to make prompt insurance payments in order to provide customers with a sense of safety and security as quickly as possible. In the event of large-scale flooding, satellite data and AI can be used to determine the...
Sanjay Malhotra appointed as DFS Secy
Malhotra's s appointment as the Financial Services Secretary has taken effect immediately as the post is vacant after Debasis Panda,retired from the post on 31st Jan. The government had given Rajesh Verma, secretary, ministry of corporate affairs the additional charge...