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Now insurers don’t need a surveyor to settle Cyber,Motor theft,Crop claims:IRDAI

Any claims, in respect of loss or damage to crop, trees, plantations and forests which are covered by the Government sponsored Schemes and ciams under policies of motor vehicle insurance wherein the claim is on account of theft or injury/death to third parties, can  be settled without appointing a certified surveyor

Demand for M&A insurance sees significant growth: Aon

Aon’s analysis of data from Allen & Overy found that 3,200 deals were transacted globally using warranty and indemnity (W&I) insurance in 2018. Aon’s research also finds that the market value for transactional liability solutions reached $2.3 billion in 2018, demonstrating a 35% increase from 2014. While W&I insurance remains the largest product by premium volume, buyers and sellers are also looking to tax insurance, litigation and contingency insurance, and bespoke products that include environmental or cyber policies, the report noted.