What is the new role that Adam Clifford will assume as the Division President of International Casualty Business at Chubb, and what are his responsibilities in this position? Chubb, a leading publicly traded property-casualty insurance company, has announced the appointment of Adam Mason as the executive vice president of casualty for Overseas General Insurance. In…
Welcome to our channel where we bring you the latest insights on topics that matter. Today, we’re discussing a topic that affects us all: the impact of climate change on insurance rates and coverage. As extreme weather events become more frequent and severe, insurance companies are facing higher costs and are passing them on to…
Specialist MGA, Avid Insurance, has chosen Allianz Partners UK (AzP UK) as its new capacity provider for underwriting travel policies sold through Avid’s network of partners. AzP UK is a leader in B2B2C insurance and assistance and has made notable travel insurance acquisitions in recent years, making it a significant player in the UK’s travel…
Can insurance be considered as a means of passive wealth creation? This is a common question asked by many. Many people wonder whether insurance can serve as a passive source of wealth creation. However, the answer to this question is simply ‘NO’ , insurance cannot be described as a way to create wealth passively. It…
AXA XL, a leading global insurance and reinsurance provider, has announced the addition of three new members to its Energy team in the UK & Lloyd’s Business Unit. The new appointments are expected to further enhance the team’s capabilities in the energy insurance market. Josephine Stroud, who has been appointed as Senior Underwriter for Energy…
Non-life insurance industry sees robust growth of 16.4% driven by health and motor insurance, according to industry report. The non-life insurance industry in India has been experiencing robust growth, with the health and motor insurance sectors driving the demand. In FY23, the industry witnessed an impressive growth rate of 16.4%, surpassing the previous…
When it comes to filing an insurance claim for vehicle theft with an insurance company, it is generally recommended to file the claim as soon as possible after the incident occurs. Most insurance companies require policyholders to report a theft claim within a certain time limit, which can vary depending on the specific insurance policy…
Life Insurance Corporation of India (LIC) has recorded a growth of 16.67% in total premium collected for fiscal year 2022-23, reaching a total of ₹2.32 trillion from ₹1.99 trillion in the previous fiscal year. This makes LIC the largest insurance company in India, with a market share of over 62%. The private insurance sector has…