by newsworm | Dec 20, 2024 | Insurance, Religare
Despite the current market challenges, many analysts remain optimistic about the market’s future. They cite the market’s “resilience” as a reason for their positive outlook, comparing it favorably to other markets. However, Dr. Ravi Singh, SVP... by newsworm | Dec 20, 2024 | Insurance
Canopius Group, a specialty and property and casualty reinsurer, has appointed Olivia Brindle as its new Head of Sustainability. In this role, Brindle will oversee the company’s internal and external sustainability initiatives, ensuring they align with a... by newsworm | Dec 20, 2024 | Insurance
W.R. Berkley Corporation has received approval from the International Financial Services Centres Authority (IFSCA) to establish a branch office in India. The new branch, Berkley Insurance Company, IFSC Branch GIFT City, Gujarat, is a significant milestone for Berkley... by newsworm | Dec 20, 2024 | Insurance
The insurance industry is expected to undergo significant changes in the next five years, driven by technological advancements and emerging risks. Property and casualty insurers must harness technology to cut costs, improve underwriting capabilities, and enhance... by newsworm | Dec 19, 2024 | Insurance
A study by Waymo and Swiss Re analyzed 25.3 million miles of driving by Waymo’s autonomous vehicles and found that they resulted in fewer insurance claims compared to human-driven vehicles. The study found that Waymo’s cars had 88% fewer property damage... by newsworm | Dec 19, 2024 | Insurance, Reliance Life Insurance
Reliance Capital, a subsidiary of Anil Ambani’s Reliance Group, is in talks with IndusInd Bank to acquire a significant stake in the bank’s bancassurance business. Bancassurance is a partnership between a bank and an insurance company, where the bank sells... by newsworm | Dec 19, 2024 | Insurance
The Federal Reserve Board has appointed seven members, including three new members, to its Insurance Policy Advisory Committee (IPAC). The IPAC was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act to provide information, advice, and... by newsworm | Dec 19, 2024 | Insurance, New India Assurance
The New India Assurance Company Limited has announced that Ms. Lavanya Mundayur has been promoted to Chairman and Managing Director (CMD) of the Agriculture Insurance Company of India Ltd. Prior to her elevation, she served as General Manager (GM) at The New India... by newsworm | Dec 19, 2024 | Insurance
Investopedia, a well-established online resource, has analyzed 45 life insurance companies using a rigorous evaluation process to identify the best providers. Their assessment considers financial stability, customer satisfaction, coverage options, and cost. The... by newsworm | Dec 19, 2024 | Insurance
The solicitors’ professional indemnity insurance (PII) market is currently buoyant, with significant competition among insurers providing brokers with the ability to secure favorable terms for medium to large-sized law firm clients. The market has evolved...