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Indian
Over 1.4 lakh Bengal farmers to get crop insurance due to unseasonal rain: Minister
''There has been crop loss in both West and East Midnapore,...
Non-life insurers’ gross premium income rises 24% to Rs 21,327 cr in April
The five standalone private sector health insurance companies...
IRDAI grants compliance relief to general insurers and FRBs
Further IRDAI has decided that the FRBs and Lloyd’s India need not...
LIC IPO: Share price fixed at Rs 949, Govt raises Rs 20,560 crore
LIC share trading on the stock exchange is due to begin May 17...
International
Wildlife diseases poised to spread northwards as climate changes: study
The study projects increasing spread over the next five decades of wildlife diseases caused by bacteria, fungi, viruses and infectious worms. There are serious implications for humans, said co-author Jason Rohr of the University of Notre Dame, Indiana.
“We do know that 75% of emerging infectious diseases have a wildlife origin,” said Rohr, who runs an ecology and public health lab at Notre Dame. “We should be concerned for our own health when we see studies suggesting that there could be increases in infectious disease in wildlife.”
Contract clarity could drive insurance growth:Morgan Stanley
“If you’re very crystal clear about what’s being excluded it creates an opportunity to then provide another product that specifically covers something that otherwise would be carved out. At least people would understand what’s in and what’s out,” Chasin said.
He acknowledged that too many exclusions also present problems, referencing cyber insurance as an area of focus in this regard.
AXA XL launches Risk Scanning
Maxime Ambourg, Risk Consulting Manager for Innovation & Business Development at AXA XL Risk Consulting, commented: “Traditional loss prevention programmes usually focus on a company’s primary locations. They can neglect the risks associated with smaller sites that are rarely visited by risk engineers, despite being where losses most often occur. By leveraging both the experience of our consultants and new technologies, Risk Scanning allows for a more exhaustive and therefore precise assessment.”
ClearView adopts Munich Re’s new cloud-based digital services solution to automate underwriting decisions
ALLFINANZ Cloud,will enable ClearView to pursue its multi-year IT transformation project, which is centred on the development of an integrated life insurance Policy Administration System and a cloud-based underwriting rules engine, and strives to enhance the customer and advisor experience.
The platform will also support the experience of underwriters and other staff by giving them insights and easy-to-use tools to continually fine-tune underwriting rules, business processes and customer journeys.
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