While China (+7.8% p.a.) will continue to dominate the region in...
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Maritime Safety: New risks and challenges for Shipping Industry
“Although recent sanctions are making it harder for these vessels...
GIC Re’s net profit falls 17 % to Rs 2,183 cr, gross premium rises 20 % to Rs 10,367 cr in Q4FY25
GIC Re board, which met on Monday to finalise its results, has...
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...
Aon appoints Jillian Slyfield as Chief Innovation Officer
"In a world that is more volatile, interdependent and faster moving than ever before, the risks our clients face are becoming more frequent and severe and the need for better decisions has never been greater," said Aon CEO Greg Case . CHICAGO: Aon plc, a leading...