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GLOBAL REINSURERS INVOLVEMENT
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.
- Insurers racing to ‘AI-proof’ systems as IRDAI flags risksIndian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven...
- West Asia war: Marine war-risk insurance tightens as reinsurers adopt no-market stanceWest Asia war: Reinsurers are pulling back marine war-risk cover amid heightened geopolitical risks after failed US-Iran talks, prompting I...
- Ministries meet to put a cover on ships in war zoneIndian ministries are creating a sovereign-backed insurance plan. A $100 million Bharat Marine Pool is being formed by insurers to cover sh...
- 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...
- On a War-footing: Reinsurers move to rework marine, aviation policies as West Asia tensions riseGlobal reinsurers are reviewing war risk insurance for ships and planes due to rising tensions in West Asia. Strait of Hormuz is now seen a...
- IndiGo in for a crash course in surge in insurance costsIndiGo airlines is bracing for a potential surge in aviation insurance costs upon policy renewal, influenced by escalating geopolitical ris...
- Air India plane crash: At $120 million+, insurance claim to be costliest for Indian aviationThe Air India crash in Ahmedabad is expected to result in India's costliest aviation insurance claim, with estimates exceeding $120 million...
- Insurers could face losses of up to $4 billion after Baltimore bridge tragedyWith little clarity on when the Port of Baltimore would re-open, insurers and analysts are now assessing the likely losses borne by underwr...
- Kudankulam nuclear plant cover on hold without reinsurerTo sidestep this problem, New India changed the policy documents to exclude potential Russian risk, but has still not been able to issue a ...
- Reinsurers may get to invest in overseas sovereign bondsThe Rs1.5-lakh-crore general insurance market has become attractive for foreign reinsurers.
- Swiss Re receives IRDAI approval to open branch in MumbaiWith the composite branch licence, Swiss Re will be able to operate in India and offer both non-life and life and health reinsurance soluti...
- General insurers vote against change of rule in favour of foreign playersThe insurers fear that the new regulation – which gives foreign reinsurers the first right of refusal in obtaining business in India — woul...
- General insurers want brokers to be more professionalToday over 20 % of the Rs 90K-cr general insurance industry are sourced through brokers, and the industry is set to cross the Rs 1-tn-mark ...
- Govt plans 2,000-cr fund for Iran crude refinersTo provide insurance cover to domestic refineries that process crude oil imported from Iran, the govt is planning to set up a 2,000-cr insu...
- Government plans Rs 2,000 crore insurance fund for Iranian crude refinersInsurance pool fund will be created by contributions from both insurance companies and the Oil Industry.
- Govt plans Rs 2k cr insurance fund for Iranian crude refinersThe govt is planning to set up an insurance fund worth Rs 2k-cr to provide cover to refineries after European re-insurers refused to cover ...
- Reinsurance costs in India still lowEntry of new smaller companies in place of major of companies ensures low rates.
- ONGC to revalue assets to $13.5bThe ONGC senior management on Monday decided to increase the valuation of the company’s assets by almost 20% to $13.5 billion.
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