A Quick Guide to Facultative Reinsurance Facultative reinsurance is a type of reinsurance in which a primary insurer seeks coverage for a specific risk or set of risks on a case-by-case basis. Here’s a quick guide to help you understand more about facultative reinsurance: · Introduction: Facultative reinsurance is a form of insurance in […]
Reinsurance: Types, Purposes, Benefits, and More Have you ever wondered how reinsurance companies in India are able to file thousands of claims in the event of a natural calamity? The answer may surprise you. Sometimes, it’s not a single insurance company paying out all the claims but multiple companies may be involved in the […]
What Are the Basic Types of Marine Insurance? If you have ever shipped goods across the border, you may be aware of the stakeholders whose assets are at risk during the process. As a seller, your goods are in transit and the buyer is eagerly waiting to receive the goods and use them in […]
The COVID-19 pandemic has impacted several industries while global trade has suffered the most given the restrictions on the movement of goods across countries.
Today, there are many reinsurance companies of varied size, operating across various countries and regions. Below is the list of top twenty reinsurers as published by the rating agency A.M BEST. The top slots are occupied by the age old Munich re and Swiss Re followed by various other markets. Another interesting fact is that the top ten players are writing over 70% of the total life and non-life unaffiliated gross reinsurance premiums and it shows that the market dominance is being continued by a handful of players.
The recent spate of prolific events has made Privacy a point of household discussion; a necessary discussion that was bound to happen, nevertheless there couldn’t have been a more opportune time. The dotcom bubble has reached its ended and we are advancing to a new paradigm of prodigious technological marvels; the thoughts of which have been part of science fiction for a long time. Artificial Intelligence, Machine Learning and Block chain populate the headlines and it is data that drives these new age technologies.
On 26th January 2001, a date etched into the minds of people residing in most parts of Kutch and North Gujarat in India. The ground shook with all its might and the Richter scale showed that a monster of Earthquake of 7.7 magnitude that left, over 13000 people, dead and destroyed nearly 400,000 homes in various cities including Gujarat’s largest city Ahmedabad.
Technology can give organizations access to aggregate health data which gives valuable insights and helps determine priority focus areas for wellness programs catered specifically for the employee population.
Apart from fire and natural disasters, technology-led risks may also impact businesses