French cover major AXA to exit coal by 2040
AXA also targets to contain the warming potential of its investments to below 1.5°C by 2050. As part of this objective, the Group will double its green investment objective to reach Euro 24 billion by 2023. “Our conviction has always been that the fight against climate change requires cooperation between all stakeholders to drive collective action.
ICICI Pru Life wants to keep asset and liability side pristine: NS Kannan
There is a huge protection gap. It is only 2% and it has been opera...
European Investment Bank decision to stop fossil fuel financing will hurt gas-based projects: WoodMackenzie
The board of the European Investm...
UK-based AXIS Capital to quit coal cover
With the announcement, AXIS joins a growing list of global insurers refusing to insure coal projects.. “Renewals, however, according to the policy statement, will be considered on a case-by-case basis until January 1, 2023,” the company said
Foreign insurers trim exposure to coal assets
Foreign insurers and lenders are lukewarm to the coal business as the fuel is dirty and adds to the greenhouse effect.
B2B tech startups fueled by funding and advanced technologies, says Netapp-Zinnov study
Findings reveal that B2B tech startups in the last 5 years (2014-18) have grown three times from 800 to over 3200.
Irda rejects Watsa's plan to buy Sudhir Valia’s ITI Reinsurance
Regulator says company’s licence stipulates 5-year lock-in during which its shares can’t be sold.
Big investors approached for SBI General Insurance deal
Private equity funds have also taken large bets on insurance.
Life Insurance Corporation's market share falls below 70%
During 2017, life insurance premium in India increased 8 per cent (inflation adjusted) when global life insurance premium rose by 0.5 per cent.
Swiss Re in talks to sell stake to SoftBank
Analysts said SoftBank could be attracted by Swiss Re's research capabilities and undervalued stock, while the company's cash generation could prove attractive.
Bayer-led global alliance ties up with Big Basket to boost farmers' income in India
The global alliance has roped in local partners -- Yara Fertilisers, DeHaat and Big Basket -- in India to scale up its operations.
Swiss Re sees $136 billion insured losses from disasters in 2017
Total economic losses from natural and man-made disasters in 2017 are estimated to be $306 billion, up from $188 billion in 2016, Swiss Re said in a statement, quoting preliminary data.
PolicyBazaar parent scouting for a buy in reinsurance space
Two persons aware of the development said that the company has earmarked about Rs 500 crore to finance buyouts and other strategic initiatives, and has zeroed in on the reinsurance space.
Max Bupa ties-up with GOQii, Swiss Re for wellness ecosystem
Swiss Re will provide technical assistance to Max Bupa in creating relevant products and expertise to create risk assessment models for future.
Swiss Re puts India at No. 2 in worst catastrophe list
Worldwide, the year 2016 saw 327 disaster events, of which 191 were natural catastrophes and 136 were man-made.
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