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BUSINESS INTERRUPTION INSURANCE
Europe's heatwaves expose insurance gap as business losses mountEuropean businesses face significant losses from extreme heatwaves. Traditional insurance often fails to cover these indirect operational d...
Corporate cover rates decline amid ample capacityInsurance rates for fire, cyber, professional indemnity and directors’ liability fell sharply in the June quarter as abundant capacity inte...
AI set to reshape insurance economics, push industry towards scale, specialisation: ReportArtificial intelligence is set to reshape the economics of the global insurance industry, with carriers, brokers and technology providers t...
Bank of Baroda may trigger cyber insurance claimBank of Baroda has filed a preliminary claim under its cyber insurance policy after a suspected data breach exposed nearly 1 TB of customer...
Insurers redraw playbook as AI risks spawn new coverAI-specific underwriting is being built into existing policies, with standalone products expected as the market matures.
Quote of the day by Charlie Munger: “The single most important thing is knowing where...” — Inspiring life lessons on self-awareness, humility, wisdom, lifelong learning, and why understanding your limits can become your greatest advantage from the legendary investor and Berkshire Hathaway vice chairmanToday's Quote of the Day by Charlie Munger: Charlie Munger’s quote, "The single most important thing, if you want to avoid a lot of stupid ...
Warren Buffett, Isaac Newton and the fourth law of moneySomewhere between what your investments earn and what you actually keep, a portion goes missing every year. It is charged by nobody you cou...
Is your home loan ruling your life? Know the hidden cost of a big EMIMany Indians stretch finances for dream homes, but hefty home loans lead to years of uncomfortable choices. Borrowers face lifestyle compre...
Heat stress becoming a serious risk for MSMEs and workers: ReportsRecent studies by WRI India and HeatWatch reveal that heatwaves are disrupting production, increasing operational costs, reducing worker pr...
India’s $55 billion green energy pipeline faces climate damageIndia's ambitious renewable energy expansion faces a significant climate threat, with $55 billion in planned solar, wind, and hydropower as...
From Red Sea to Hormuz: Why MSMEs must rethink risk coverGeopolitical risks are now a business reality for Indian MSMEs. Conflicts disrupt supply chains and trade routes, causing significant finan...
Why a tailored insurance strategy is important for MSME to tackle risks and growSmall businesses face a host of challenges such as supply chain disruptions and cyber security risks. This makes it necessary for them to h...
Microsoft outage likely to expand insurance coverage, pricingThe outage, caused by a cyber incident involving CrowdStrike, is expected to have had a limited impact on insurance claims due to existing ...
Insurers face business interruption claims after global tech outageA worldwide tech outage caused by a cybersecurity firm's software update has led to possible business interruption claims across various in...
Why do small businesses need insurance urgently?Lack of awareness, coupled with thin margins, makes insurance a low priority, and business owners often neglect insurances the law does not...
Mall operators seek Finance Ministry, IRDA intervention for bleeding businessIn India, under traditional business interruption insurance policies, physical damage to property is the only criteria to trigger business ...
Insurers double premium for HMEL refinery after June fireThis means that even as the cost of the refinery is pegged at Rs 19,600 crore, the maximum cover that insurers will pay, in case of a disas...
Indian Oil takes mega insurance cover of Rs 5,000 crore for its refineriesIOC has taken insurance cover of Rs 5,000 crore for each of its 10 refineries, potentially setting a new benchmark for other domestic oil r...
IPCL's insurance premium surges almost 50%; to pay Rs 38 crore moreDespite a merger between Reliance Industries and Indian Petrochemicals Corporation (IPCL) in 2007, RIL has been taking separate covers for ...
- Cover your business from ‘consequential’ loss
Indian general insurance industry offers many different covers that can address the protection needs of various sections of society, from s...