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GIC Re studying $115 mn suit by AM Re Syndicate for US business
In a regulatory filing on Thursday, GIC Re said it is currently in...
LIC IPO: Govt to take call in best interest of investors, DIPAM Secy
DIPAM Secretary Tuhin Kanta Pandey said that while the government's...
Govt to push LIC IPO to next fiscal amid market swings
Finance Minister Nirmala Sitharaman said this week she “wouldn’t...
Ukraine crisis: Apr 1 renewals may be costlier for Indian general insurers
International reinsurers, post Russian invasion of Ukraine, have...
International
Nick Hawkins appointed as MD and CEO of IAG
Toyota Insurance Services to join Swiss Re ADAS risk platform
The ADAS risk score was launched by Swiss Re and BMW Group in 2019 with the aim of solving this issue and developing a vehicle-specific insurance rating that primary insurers worldwide can use to calculate insurance premiums, taking safety-relevant driver assistance systems into account.
On the journey towards autonomous vehicles, cars are increasingly equipped with advanced driving assistance systems (ADAS) that actively support the driver in avoiding accidents. Insurers face the challenge of knowing which ADAS features are installed in a vehicle, what their impact on safety is, and to what extent drivers use them.
Carbon emissions of richest 1% more than double the emissions of the poorest half of humanity:Oxfam
The report assesses the consumption emissions of different income groups between 1990 and 2015 – 25 years when humanity doubled the amount of carbon dioxide in the atmosphere. It found:
The richest 10 percent accounted for over half (52 percent) of the emissions added to the atmosphere between 1990 and 2015. The richest one percent were responsible for 15 percent of emissions during this time – more than all the citizens of the EU and more than twice that of the poorest half of humanity (7 percent).
Insured losses for Hurricane Sally between USD 1-3 billion:AIR Worldwide
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