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GLOBAL REINSURANCE COMPANIES
Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...- Extreme weather to drive $20 trillion in global spendingAnalysts note that companies involved in environmental adaptation and mitigation have already outperformed the broader market significantly.
- Commercial property insurer FM launches new insurance policy for manufacturers in IndiaThrough FM Essential, insurance company FM says it can support a broader group of manufacturing companies with their resilience journeys.
- Will provide insurance to all vessels coming to or going from India: DFS Secretary NagarajuIndia has launched its own maritime insurance pool. This initiative aims to support Indian maritime trade. Vedanta Sterlite, Balrampur Suga...
- Quote of the day by Ajit Jain: ‘Just because you don't find another Ajit…’ – inspiring lessons on leadership, teamwork and why strong companies grow beyond one person at Berkshire HathawayAjit Jain quote shows that strong companies do not depend on one person. Berkshire Hathaway can still grow even without him. His journey fr...
- Jio Financial shares jump 4% as firm inks 50:50 JV deal with Allianz for general, health insurance businessJio Financial Services shares jumped after it signed a binding agreement to form a 50:50 insurance joint venture with Allianz Group. The JV...
- Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensionsThe finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...
- Allianz, Jio Financial Services ink 50:50 insurance JV to tap India’s growing marketJio Financial Services and Allianz Group are partnering to launch a new insurance venture in India. This 50:50 joint venture will offer gen...
- India builds insurance shield for risky sea trade as global cover dries upIn response to the challenges posed by renewed hostilities affecting maritime trade, Indian public sector insurers have unveiled an innovat...
- From insurance purchase to strategic risk management: A shift in Indian corporate thinkingIndian companies are increasingly integrating insurance into their broader corporate risk strategy, moving beyond a traditional, finance-ce...
- Corp insurance premiums fall up to 80% this seasonCorporate insurance premiums are falling sharply this renewal season. Property and commercial lines are witnessing steep declines. Intense ...
- Allianz Jio Reinsurance begins operationsAllianz Jio Reinsurance Ltd, a new venture by Jio Financial Services and Allianz Group, has begun operations in India. This partnership aim...
- New India Assurance, GIC Re at odds over Kudankulam Nuclear Power Plant insurance coverThe insurance cover of more than ₹43,200 crore is sought for the under-construction units 3 and 4 of the Kudankulam Nuclear Power Plant. Th...
- Prem Watsa’s Digit Insurance acquires ITI ReinsuranceThe holding company Digit Info Works will hold 100% of the reinsurance company.
- Foreign reinsurers to be operational in 6-9 months: IRDAPresently, state owned GIC Re is the only reinsurer operational in the country and foreign reinsurers have liaison office in India.
- IRDA gives R1 nod to ITI for reinsurance businessThe reinsurance market in India is estimated to be $2billion. ITI Investment is a subsidiary of Fortune Financial Services, which is contro...
- Global reinsurance companies rethink India entry plans"GIC Re being an Indian reinsurer should enjoy preference in the order of cessions by Indian insurers," IRDA said in the exposure draft.
- General insurance premiums unlikely to rise in New YearPremiums not likely to harden as international reinsurance rates have cooled owing to liquidity.
- Reinsurance rates up, GIC reduces exposureIndian companies will have to pay more for renewing their insurance policies as reinsurance companies have raised premium rates by up to 15...
- Rise in global reinsurance rates likely to pinch Indian insurers, may lead to increase in premium ratesGlobal reinsurance companies, hit by natural calamities will charge 15-20% higher for policies that come up for renewal on January 1.
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