The adoption of Risk-Based Capital (RBC) rules by the Indian...
Category:
Risk Management
Latest
Fuel switches cut off before AI plane crash; no recommended action for 787-8 operators for now: AAIB
On June 12, Air India's Boeing 787-8 aircraft operating flight AI...
10 hydropower projects damaged in Nepal floods, no significant effect on power export
In a statement, Independent Power Producers Association Nepal...
Red Sea crisis may push shipping cost by up to 60 pc, insurance premiums by 20 pc: GTRI
The Houthi conflict's disruption of the Red Sea shipping lanes significantly impacts Indian trade, especially with the Middle East, Africa, and Europe, the Global Trade Research Initiative (GTRI) said New Delhi: The increasing Red Sea crisis may impact trade as it is...
Alaska Airlines flight makes emergency landing after midair blowout of window
Hours after the terrifying incident, Alaska Airlines announced that it would ground its entire fleet of 65 Max 9s for inspections and maintenance. CEO Ben Minicucci said Alaska expects the inspections to be completed “in the next few days.” India’s aviation watchdog...
APAC sovereigns exposed to flooding risks, have limited capacity to adapt: Fitch
In South Asia, Bangladesh is the most prone to the risk of flooding. The materialisation of climate risks in these regions could lead to high economic losses. The cost of relocation from flood-prone areas and rebuilding following floods could be high, leading to...
India providing security escort for container ships around Red Sea
Containers could face delays of 14 days in their turnaround time due to the longer route which is also causing higher transport and insurance costs, the source, who spoke on condition of anonymity, added New Delhi: India's defence ministry is providing protective...
Hackers tap social engineering, AI to drive more cyber attacks in 2024
“Cybercriminals are exploiting the biggest vulnerability within any organization: humans. As progress in AI and analytics continues to advance, hackers will find more inventive and effective ways to capitalize on human weakness in areas of (mis)trust, the desire for...
MS Amlin launches Financial Lines cover in Middle East
The Middle East’s financial landscape is rapidly evolving. With increasing M&A and IPO activity, and tighter regulatory requirements, businesses need specialised insurance solutions to navigate the complexities they face. DUBAI: MS Amlin, the Lloyd’s global...
Capital supports ‘Smooth’ January 1 Renewals for Cedants: Aon
The report revealed that, in contrast to 12 months earlier, the key renewal period proceeded ‘relatively smoothly’, as a rebound in profitability and capital positions, and greater availability of retrocession capacity, encouraged many reinsurers to display increased...
Fast-evolving threat landscape leaves APAC businesses vulnerable: Beazley study
“As boardrooms prepare for risks on the horizon, it is encouraging that 37% of boardroom executives in Singapore are planning to explore insurance options that include risk and crisis management. In 2024, the insurance industry has a large role to play in helping...
Problems in Red Sea will not impact India’s maritime trade: Shipping secy
Asked will the Red sea developments have any impact on India's maritime trade, Ports, Shipping and Waterways secretary T K Ramachandran said, "no impact". New Delhi: Ports, Shipping and Waterways secretary T K Ramachandran on Wednesday said the problems in the Red Sea...
Reinsurance: Jan 1 renewals see favourable market conditions
David Howden, founder & CEO, Howden Headwinds are nevertheless likely to persist into 2024. Expectations are for modest economic growth across advanced economies. Inflation volatility, climate change, the net-zero transition, civil unrest and war, can be more...