Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, yesterday set out how the insurance industry will partner with critical industries to support and accelerate the transition to a low carbon economy.
Online payment company Paytm may take in an external partner for the general insurance venture, Raheja QBE General Insurance, in order to quicken regulatory clearance for the acquisition.
The Insurance Federation of Egypt (IFE) has formulated its work plan for the new board of directors that will take office next month. The work plan also includes completing programmes that were initiated in the 2019-2020.
China's banking and insurance regulator has said that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings, reported Reuters.
Insurance claims from losses suffered from severe floods in Henan province are expected to exceed CNY8bn ($1.23bn) or about 0.7% of China's total non-life direct premiums written in 2020, Fitch Ratings says.
Berkshire Hathaway Specialty Insurance (BHSI) has announced that it has named Caroline Alder-Smurthwaite as head of general casualty, UK.
The insurance industry has received at least 360,000 claims, with an estimated loss of CNY9.2bn ($1.4bn) to date, because of massive once-in-1,000-years floods that have hit several parts of Henan province for more than a week.
The Indian government is ready with a proposal to amend insurance laws to privatise one of the three unlisted state-owned general insurance companies.
The market segment outlook on Japan's non-life insurance industry, predominantly driven by carriers' profitable underwriting performance amid the COVID-19 pandemic, is stable, says AM Best in a report released last week.
IAG, one of Australia's largest insurer, has provided A$1.15bn ($847m) in the net corporate expense line for business interruption claims in the financial year ended 30 June 2021 (FY21).