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Here is a masonry blog layout with no sidebarIndia: Flight cancellations hit over 1.08 lakh IndiGo passengers till May this year: Govt data
AI system can identify your personality from eye movements
Extreme Weather in Europe and Asia Sparks Wildfires, Floods
The changes are leading to increases in financing for climate mitigation and resilience. The Manila-based Asian Development Bank said this month that financing for this purpose increased 21 percent to a record $4.5 billion in 2017. Climate financing by the world’s six largest multilateral development banks reached a seven-year high of $35.2 billion in 2017, up 28 percent from the previous year
Global 1H Insured Natural Disaster Losses 40% Lower than 10-Year Average: Aon
Nigerian Regulator triples insurers’ minimum capital requirement
Life insurers wanting to take on annuity and group life are required to boost their capital to 6 billion naira ($16.6 million) from 2 billion naira, while non-life operators underwriting all risks including aviation and engineering should shore up their capital to 9 billion naira from 3 billion naira
GIC HF targets Rs 1lakh cr biz by 2030,to appoint a consultant to restructure its ops
S Gopakumar, Managing Director & CEO, GIC Housing Finance, who will soon be joining United India Insurance( UII) as a general manger and director, said,“We intend to reach a business of Rs 1 lakh crore. We are on the verge of appointing a management consultant.Once appointed, the consultant will help us to achieve our long term growth
India to hold Top Spot for Economic Growth but Oil poses Risk
465 dead in 5 states due to rains, floods during monsoon
Iran offers India oil cargo insurance, ships to boost sales
Tehran recently insured oil cargoes to India in tankers operated by National Iranian Tanker Company (NITC) as the threat of sanctions hits the supply of both ships and insurance for transportation, Source at United India Insurance and GIC Re confirmed the company has stopped providing insurance cover for Iranian cargoes, said sources
Srikrishna panel says personal critical data must be stored in India, submits report
PNB MetLife goes into IPO mode, may raise around Rs 2,800 cr
New model can predict landslides caused by earthquakes
Blockchain can add $5 bn to Indian economy in 5 years: Nasscom
Asian life insurance regulations are still ‘rules-based’: Milliman
The different markets are at very different stages of evolution—in general economic, social and demographic terms and in respect of the maturity of their various life insurance industries. Consequently, the insurance regulatory regimes vary significantly across the markets, often making it difficult for insurers to keep track of how the regulations change across the region.
XL Catlin to build World’s first On-Demand Cyber Insurance Solution with Slice ICS
According to Greg Hendrick, president of XL Catlin’s Property & Casualty operations, “Slice’s ICS(Insurance Cloud Services) platform gives us the speed to market, scalability, and reliable on-demand experience that will empower our clients to move faster and more confidently knowing digital assets are protected by innovative technology, insurance, and claims processes.”
Companies missing financial impacts of rising IP litigation risks: Willis report
Digit Insurance raises a record $44 Million in the second round of funding
Canadian billionaire Prem Watsa’s Fairfax Holdings has invested second round of capital ($45 million) in Digit Infoworks, a parent company for Digit insurance of which a significant part of the investment ($44 million) is given to Digit Insurance.The funding is the largest round in the Indian general insurance ecosystem. This investment brings Digit’s total funding to $94 million.
Partnering with World Bank to close Protection Gap
The economic progress many developing countries are making is put at risk when a catastrophe hits. If the nation is lacking appropriate protection, the impacts from a natural disaster typically mean that the government’s limited financial resources will have to be directed toward disaster response and away from further investments in education, healthcare and infrastructure