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Southeast Asia faces intensifying compound catastrophes and escalating flood impacts

Southeast Asia faces intensifying compound catastrophes and escalating flood impacts

In Southeast Asia, this phenomenon is increasingly evident. Events such as earthquakes occurring on rain‑soaked ground or typhoons following seismic activity can escalate losses, often complicating claims processes and creating friction between insurers and...

Insurance sector remains constrained by a high-cost distribution model inflating  protection cost:Economic Survey

Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey

Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...

RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1

RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1

India ranks sixth globally in climate vulnerability, according to the Germanwatch Global Climate Risk Index 2025, which tracked events between 1993 and 2022.During this period, India experienced over 400 extreme weather events, resulting in at least 80,000 deaths and...

Nvidia unveils AI tools and models for faster weather forecasting

Nvidia unveils AI tools and models for faster weather forecasting

Mike Pritchard, the director of climate simulation research for Nvidia and a professor of ‍earth system sciences at the University of California, Irvine, said that one of the practical business applications of the new weather models will be in the insurance industry....