Global insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re

Global insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re

Jérôme Jean Haegeli,Chief Economist, Swiss Re A high number of low-to-medium-severity events will aggregate to insured losses of more than USD 100 billion in 2023 Jérôme Jean Haegeli, Swiss Re’s Group Chief Economist, says: “The cumulative effect of...

IFC,DFC and African Risk Capacity launch reinsurance fund to protect African smallholders impacted by climate crisis

Despite these increasing risks, subsidized agri-insurance is only available in four out of 54 countries across Africa, and currently only 3% of African farmers have insurance coverage for their farms. African smallholders – who face significantly more income...

Oneglobal and Floodbase partner to develop parametric flood insurance programs across Asia

Connected through Lloyd’s Lab, the two organizations recognized a massive opportunity to marry Floodbase’s unmatched historical and near real-time flood data with Oneglobal’s re/insurance expertise, leading market presence, and reputation for...
Digital India Act unlikely to be in place before next general election: MoS IT Rajeev Chandrasekhar

Digital India Act unlikely to be in place before next general election: MoS IT Rajeev Chandrasekhar

Rajeev Chandrasekhar, Minister of State for Electronics and IT The proposed Digital India Act (DIA) has a lot of focus on the online segment. It will focus on making the internet open with rules to check on the dominance of certain players, focus on online safety and...