Until this war, one long-held assumption around Hormuz was that...
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Reinsurance
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The April 1 Renewals: Changing Indian reinsurance market
While the momentum in India is toward expansion, the global...
Indian re/insurers to impement Indian Accounting Standards (Ind AS) from April 1, can avail forbearance for 1-yr:IRDAI
To facilitate smooth transition, for insurers facing challenges in...
Amendment of Insurance Laws Bill, 2025:Achieving “Insurance for All” by 2047
The Insurance Act 1938 did not contain any definition of “insurance business”. The Bill now seeks to define this term to mean the business of effecting insurance contracts, as well as any other form of contract that may be notified by the Central Government in...
President grants assent to SHANTI bill that opens up nuclear sector for private participation
President Droupadi Murmu The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the...
Catastrophe bonds linked to wildfires lose ‘untouchable’ status
More than $5 billion of cat bonds with some level of exposure to wildfire risk were issued by insurers and sold to investors this year, according to Artemis, a specialist in insurance-linked securities that tracks market trends. That’s more than twice the level in...
Cyber Insurance in India: Premiums, Ransomware and the AI
At this time the Indian cyber premium pool is expanding rapidly — industry estimates place market size in about one thousand of crores and forecast double-digit growth with cumulative premium estimate of about ₹60Bn for FY ending 2026. Vibhaw Kumar, Executive Vice...
Insurance Amendment Bill,2025:Balancing innovation,capital inflows and policyholder protection
Nirmala Sitharaman,Finance minister Taken together,the Bill, that now awaits Presidential assent and thereafter notification in the official gazette, promises a decisive shift in India’s insurance landscape. Several of the proposals in the Bill are measured and their...
Transformational moment, PM Modi on Parliament nod to SHANTI Bill
The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the Central Government...
Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide clean electricity and heat crucial for meeting net zero goals, and is expected to make up a sizable share of Germany’s future heating needs. But the big upfront costs needed for drilling can often exceed...
Surging travel insurance uptake among Indians:Niyo Data
Asian countries such as Thailand, UAE, Indonesia, and Vietnam continue to drive the highest volume of policies, primarily due to high travel frequency and affordable flight routes. Niyo, a global travel banking fintech, reported a jump in travel insurance adoption...
Lok Sabha passes SHANTI Bill to modernise, open up nuclear energy sector for private participation
The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the Central Government...
UK specialist re/insurance broker BMS Group strikes strategic partnership with Berns Brett India
Subject to Regulatory approval, Berns Brett India will be rebranded BMS (India) Ltd. Nick Gillett, CEO of BMS International, commented,“BMS’s regional investments from Turkey to India show the focus we are giving to these exciting areas of growth and our belief in...