Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce...
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Aon announces first stablecoin insurance premium payment
Led by Aon's digital asset practice, this initiative builds on...
Govt to curb opaque shipping surcharges amid Middle East tensions: Report
The move comes after exporters flagged sharp and sometimes...
Climate Risk: Is India Inc moving fast enough?
From a disaster management perspective, parametric solutions can also be valuable at a smaller scale. For example, they can protect microfinance institutions against their customers being unable to make scheduled payments due to extreme weather events Properly...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane
The ministry suspects that both engines shut down shortly before the pilot attempted an emergency landing, depriving the aircraft of almost all electrical power as it touched down. The plane’s two black boxes, the flight data recorder and cockpit voice recorder, both...
2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit in Mumbai on Jan 20
2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit,Monday, January 20, 2025,Hotel JW Marriot, Juhu, Mumbai, Opening Address by Mr. K. Rajaraman, Chairperson, IFSCAAddress by Mr.P.K. Arora, Whole Time Member (Actuary), IRDAIAddress by Mr Tapan Ray, Managing...
CoreLogic estimates California wildfire insured losses at $35 to $45 billion
This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...
Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash
“My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced,” said Aiyawatt, who succeed Vichai as chairman of Leicester. “I hold them wholly responsible for his death.” The...
AM Best maintains stable outlook on India’s non-life insurance segment
“We expect that India’s non-life premium growth will be bolstered over the medium term by the country’s economic development, rising insurance demand, and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion,”...
AI agents can create leverage for threat actors in scaling widespread cyber attacks, CyberCube report
A more advanced and concerning development is emerging: AI agents that operate autonomously to scale cyber attacks with unprecedented speed and efficiency. While AI has obvious applications in defensive cybersecurity, we believe that in the near term, threat actors...
War anxiety grips Davos experts with Ukraine peace still elusive: WEF Survey
“Rising geopolitical tensions, a fracturing of global trust and the climate crisis are straining the global system like never before,” said Mirek Dušek, WEF’s Managing Director War is the top worry wracking the nerves of risk experts surveyed by the World Economic...
Gallagher appoints Ajit Horra as its India CEO
Ajit will lead Gallagher’s 180 strong team, which is headquartered in Mumbai with regional offices in Bengaluru, Bhubaneshwar, Chennai, Delhi, Gurugram, Guwahati, and Kolkata. The team offers a wide range of insurance and risk management services and has expertise in...
Allianz Risk Barometer: Cyber continues as top Indian business risk
“In addition to cyber incidents as the top risk in India, the results from the Allianz Risk Barometer indicate a stronger link between climate change, natural catastrophes, and business interruption risks. As extreme weather events become more frequent, we expect this...