Swiss Re reports loss of USD 665 million for the first quarter 2011
Swiss Re reports a net loss of USD 665 million for the first quarter of 2011, compared to a profit of USD 158 million in the same period of 2010.…
Swiss Re’s new sigma study on natural catastrophes and man-made disasters
Zurich, 28 March 2011 — According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were USD 218 billion in 2010, more than triple…
The Libyan crisis and its effect on the Indian economy
Last week the United Nations Security Council passed a resolution on enforcing a no-fly zone over Libyan airspace and its intention to prevent attacks on the civilian population by the…
National Policy on Disaster Management
Disasters disrupt progress and destroy the hard-earned fruits of painstaking developmental efforts, often pushing nations, in quest for progress, back by several decades. Thus, efficient management of disasters, rather than…
Major Earthquakes around the world
We are listing here the costliest insured losses due to earthquake in Japan and the whole world.Â
Swiss Re provides estimate of its claims costs from Japan earthquake and tsunami
Swiss Re estimates claims costs of USD 1.2 billion, net of retrocession and before tax. Estimates subject to high degree of uncertainty due to complexity of loss assessment.
Zurich and AIA to Cooperate in the Asian Employee Benefits Market
Zurich Financial Services Group (Zurich) and AIA Group Limited (AIA) today announced that Zurich Employee Benefits Network (ZEBN), a business area of Zurich Global Life, and AIA have agreed to…
The Modalities of Marine Cargo Insurance
Marine transit insurance policies are issued to cover dispatches from anywhere in the country to anywhere in the country. No such policy should be issued without specifying the originating point…
Sum insured in the Standard Fire Policy
Under the Fire Insurance policy the Underwriters agree that "If after payment of the premium the Property Insured described in the said Schedule or any part of such Property be…
Risk – Fear – Life and Uncertainty
The word Risk always excited and intrigued human mind...though it was never the case that all people liked Risk. After the word 'Love' the most discussed word by human beings…