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Indian
“Govt willing to consider insurers demand to be on par with banks for issuing surety bonds” Alamelu
TL Almelu, member, Non-Life, Irdai ''A huge market is available for...
Investors lose Rs 13 trn as Sensex crashes 2,702 pts amid global meltdown
"It was a big surprise for the world market as it was not...
Rajasthan raises health cover to Rs 10 lakh per family, reverts to defined benefits pension scheme for its employees
Rajasthan Chief Minister Ashok Gehlot as part of Budget also...
India sees strong financial security, tepid growth in life insurance ownership and awareness: Max Life Survey
Term insurance witnessed an uptake in the last two years, with...
International
Global climate goals ‘virtually impossible’ without carbon capture – IEA
Catastrophic cyber event leading to claims of more than $10 billion has increased since the Pandemic:Willis Re
Mark Synnott, Global Cyber Practice Leader, Willis Re, said: “This year’s survey shows quite clearly that risk professionals around the world believe that the pandemic has increased cyber risk, in some cases dramatically. They expect the insurance industry to respond, but unfortunately not in the way we might hope. While three quarters of the people we surveyed think demand for cyber cover will increase post-COVID-19, only 45% think supply will increase, which perhaps explains why three-quarters think the cost of cover will rise. The insurance industry has some work to do to ensure these expectations are not met!”
Munich Re issues first-ever green bond
Munich Re will use the raised capital to finance or refinance sustainable projects in accordance with the company’s Green Bond Framework. Projects include investments of equity and debt in renewable energy, energy efficiency, clean transportation, green buildings, sustainable water and wastewater management, the eco-efficient and/or circular economy, and the environmentally sustainable management of living natural resources and land.
Climate risk need to be baked into company financial accounts:UN climate envoy
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