If the rainfall dips below predefined values, the insurance is...
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IFSCA cancels license of Prowess Insurance Brokers
GIFT City based the IFSCA has cancelled the license granted to...
Convex enters Lloyd’s with Syndicate 1984
Syndicate 1984 will be led by active underwriter, Jacqueline...
WTW unveils new partnership to develop digital solution for to global insurance market
Combining Willis Towers Watson’s Radar Live with CodeEast's ONEview digital insurance platform provides a solution that maximises profit margins through real-time risk assessment and reduces operational costs by deploying state-of-the-art insurance product...
HDI Global insures mobile crypto wallets from Hoyos Integrity
"Increasingly high-value assets are being stored in digital form as a result of the boom in cryptocurrencies. As such, hot wallets are therefore more and more often the target for hacker attacks.Through our insurance solution for Hoyos we are making an important...
Construction companies to see robust growth and “new age” risks post-Covid:ALLIANZ
“Covid-19 has brought about a new age for the construction industry,” says Yann Dreyer, Global Practice Group Leader for Construction in the global Energy & Construction team at AGCS. “While construction projects continued during the pandemic, and further growth...
Global UBI premiums expected to surpass €150 billion by 2030: PTOLEMUS’ study
Will connected cars dominate the auto insurance industry? PTOLEMUS’ research ``Connected Auto Insurance Global Study 2021’’ finds out Elon Musk just tweeted Tesla’s intent to launch a UBI(usage based insurance) product in Texas in October, citing why, with the stream...
Brazil police recommend homicide, environmental charges in Vale dam disaster
The federal police probe, one of several parallel investigations into the incident that ravaged communities in the state of Minas Gerais, indicated that "various pollution-related crimes" were committed, as well as crimes "against land and water-based fauna and...
India needs national disaster pool to hedge natural disaster risks: Report
Since 2001, a total of 100 crore people have been impacted and nearly 83,000 lost lives due to these disasters. If the losses are adjusted with current prices, the losses come out to a staggering Rs 13 lakh crore or 6 per cent of the GDP, State Bank of India (SBI)...
Higher ransomware claims push up USA CYBER PRICES
Cyber once again saw a record increase in premiums in Q3 2021, at 27.6%. Respondents agreed that one of the primary drivers behind these increases was the rise in cyberattacks, specifically ransomware, phishing, and social engineering attacks. Cyber had been...
Wall Street’s $22 Trillion Ticking Carbon Time Bomb
Banks in Turkey, Russia, Indonesia, India and China are most exposed to carbon-transition risk, with three sectors—manufacturers, transportation companies, and power producers and other utilities—accounting for more than 75% of the potential bad loan exposure, Moody’s...
General insurance industry in Singapore to reach $4.2bn in 2025:GlobalData
An analysis of GlobalData’s Global Insurance Database reveals that motor insurance was the largest general insurance line in Singapore with a GWP share of 25.8% in 2020. Electric vehicles sales grew by over 80% during September 2020–2021, supporting the demand for...
urban risk landscapes to be driven by 3 main underlying trends:Geneva Association report
Man-made climate change not only directly affects the frequency and severity of weather-related hazards, it also brings longer-term shifts such as sea level rise, water scarcity and quality issues, as well as sustained higher temperatures and heatwaves, said the...