"These disasters are not natural — they are the predictable result...
Category:
Reinsurance
Latest
Rising 3rd-party risks and persistent ransomware threats drive increased cybersecurity investments in 2026: Marsh
Among the key findings, nearly 75% of organizations globally...
Govt notifies new Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, IRDAI to frame new regulations
Now, insurance regulator IRDAI will come out with new set of...
National Insurance aims for Rs 100-200 cr profit in FY25
T Babu Paul, executive director,National Insurance Company ``Medical treatment costs have increased by 5-20 per cent, and to bridge the cost gap, an industry-wide tariff revision is expected this year. Our average claim amount has jumped to Rs 41,000 from Rs 27,000 in...
Rs1 lakh crore disbursed for free hospital care to 7.4 crore patients under PMJAY scheme
Eligible beneficiaries can avail of cashless and paperless healthcare services related to hospitalisation across more than 29,000 empanelled hospitals in the country The top speciality care treatments availed by beneficiaries to date are general medicine, infectious...
Biden, Harris hail Medicare drug price cuts that will save billions
Biden's signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026 LARGO,...
Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion
Jeff Waters, director, North Atlantic Hurricane Models at Moody’s, said, “Hurricane Debby should not be a major event for the (re)insurance market. Debby made landfall just 10 to 15 miles (16 to 24 kilometers) from last year’s Hurricane Idalia’s Florida landfall as a...
Severe typhoon set to disrupt flight, train services in Japan
Disruptions from tropical storms this time of year have become an annual occurrence in Japan and other countries in the region. They’re also more severe, causing factories to halt production and companies telling employees to stay at home. The latest typhoon,...
18% GST on premiums: a significant deterrent to insurance purchase and penetration
Experts argue in favour of removal of 18% GST on Health covers to boost insurance penetration ``If GST is removed, a straight 18% less in amount will keep people from choosing higher sum-insured or better policy coverages in the same amount'' Rakesh Jain, CEO,...
2024 Cat bonds issuance set to exceed 2023 record
A fresh analysis by Swiss Re shows issuance of the bonds was well over $12 billion in the first half of 2024, putting it on track to exceed the $15.6 billion issued throughout 2023 Investors can face huge losses if a pre-defined catastrophe hits, but enormous gains if...
EV Battery Fires: South Korean blaze puts spotlight on safety concerns
Auto experts say EV battery fires burn differently than fires in internal combustion engines, often lasting longer and being harder to extinguish as they have a tendency to reignite South Korea is urging automakers operating in the country to disclose the manufacturer...
Floods threaten Europe as searing heat gives way to storms
Climate change is increasing the frequency and intensity of extreme weather events, including heat waves, violent storms and wildfires. Countries around the Mediterranean Sea — which reached a record average temperature of 28.16C (82.7F) on Tuesday — are some of the...
Google to expand AI initiatives in India, targeting language barriers, agricultural efficiency
Abhishek Bapna, Director of Product Management at Google DeepMind, emphasized that Google's agricultural initiatives are driven by two major goals: improving livelihoods and addressing climate change through necessary interventions. Banks and insurance companies could...