The preliminary report released earlier provided factual...
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Aon appoints Joe Peiser as CEO of Risk Capital
Peiser's appointment reflects Aon's broader strategy to strengthen...
Japan:Businesses navigating rapidly changing market and geopolitical volatility
Tatsuya Yamamoto, CEO of Japan at Aon, said, “Japanese...
Budget 2026–27:Interest awarded by MACT to a natural person exempted from income tax
The tax holiday period on business income earned by a unit in International Financial Services Centre has been increased from 10 to 20 years (out of a block of 25 years. The FM also proposed to set up five hubs for medical tourism and a Rs 10,000-crore outlay for...
Southern Africa floods killing 300 fueled by global warming
An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change. Nearly 800,000 people have been affected by the severe rains that started in December, the...
New India’s net profit rises almost 6% to Rs372 crore in 3rd quarter
Girija Subramanian, CMD,NIA said,``Our domestic gross direct premium growth significantly outpaced the industry average, resulting in our market share improving to 13.4 per cent, compared to 12.8 per cent in the corresponding previous year. While the incurred claim...
SCOR strengthens cyber capabilities by partnering with Baobab Insurance
SCOR has partnered with German digital risks MGA Baobab Insurance to expand the capacity on Baobab’s “CyberSafe” offering, which provides companies with preventive and ongoing protection against cyber risks Paris:The SCOR Syndicate at Lloyd’s has extended the...
MS Amlin launches new reinsurance partnership with Mitsui Sumitomo Insurance in Middle East
Under the terms of the partnership, MSI’s UAE branch will focus on supporting its existing client portfolio as well as targeting new clients in the region. All risks written by MSI will be ceded to MS Amlin, who began writing Political Risk in the region in 2025,...
IRDAI’s Reinsurance Advisory Committe reconstituted with A.V. Girija Kumar as chairman
The other members of the committee are- T. L. Alamelu,former, member, IRDAI, Praveen Vashishta,former CEO & MD at Howden Insurance Brokers India, Roopam Asthana,former CEO at Liberty General Insurance Hyderabad:The Indian insurance regulator IRDAI has...
Digit Insurance pays first moisture index-based parametric insurance claim to Rajasthan farmers
The total policy sum insured for excess moisture and drought parametric coverage was Rs 1.5 crore for around 2,200 acres of land spread across four districts: Tonk in Rajasthan and Gorakhpur, Jaunpur and Varanasi in Uttar Pradesh. Bengaluru: Go Digit General Insurance...
Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for providing the cover to the business aircraft by ceding manadatory four per cent to state owned GIC Re along with a treaty policy wth Munich Re The Learjet 45 (LJ45), a mid-size business jet aircraft produced...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for Nvidia and a professor of earth system sciences at the University of California, Irvine, said that one of the practical business applications of the new weather models will be in the insurance industry....
Budget-26-27:Improving insurance affordability and access
Recent policy measures, such as the exemption of insurance premiums from GST, have laid a strong foundation for sectoral growth, and the Budget 026-27, to be presented by Finance Minister Nirmala Sitharaman on Feb1, can build on this momentum through thoughtful,...