Swiss Re switches to ProRisk from Lloyd’s for capacity deal
For capacity in financial lines, property, accident, casualty and health insurance, Professional Risk Underwriting (ProRisk) has switched to Swiss Re Read more
swiss re
Swiss Re and India’s National Insurance Academy sign MoU to develop insurance industry skills
Swiss Re’s Global Business Solutions unit in India has signed a memorandum of understanding (MoU) with National Insurance Academy (NIA), Read more
Insurance penetration at 10-year low
Insurance penetration, measured as a percentage of premiums to a country’s gross domestic product(GDP), has been on a constant drop Read more
OPERATIONAL CHALLENGES AND SWOT ANALYSIS OF BANCASSURANCE IN INDIA
Introduction: Liberalizations and deregulation of the financial sector, the greater use of financial engineering techniques and models, significant advances in Read more
Global reinsurers firm steps in India with Indian CEOs
After receiving licenses from the Insurance Regulatory and Development Authority of India which has paved the way of the reinsurers Read more
Swiss Re applies principles for sustainable insurance
In the 2012 Corporate Responsibility Report, Swiss Re enhances its accountability by reporting against the Principles for Sustainable Insurance for the first time. Together with the United Nations Environment Programme (UNEP) and other partners, Swiss Re played an active role in developing the principles, which are part of an initiative to advance sustainable business practices across the re/insurance industry, Swiss Re said.
General Insurance Corporation now eyes global buys
India’s national reinsurer General Insurance Corporation (GIC Re) is considering acquiring a Lloyds Syndicate member as a stepping stone to meet its ambition of being among the top five reinsurers globally.
Swiss Re announces net income of USD 4.2 billion for full-year 2012; a regular dividend of CHF 3.50 per share and an additional special dividend of CHF 4.00 per share to be proposed
Swiss Re has delivered a net income of USD 4.2 billion for 2012. The result was driven by very strong profitability in Property and Casualty Reinsurance and an excellent investment result. Swiss Re’s Board of Directors will propose a regular dividend of CHF 3.50 per share and, in addition, a special dividend of CHF 4.00 per share, amounting to a total return of capital to shareholders of approximately USD 2.8 billion. Read more
Life insurance premiums growth is expected to rebound in Emerging Asia in 2013
According to the Swiss Re study “Global re/insurance review 2012 and outlook 2013/14”, life insurance premiums in emerging Asia will rebound in 2013, growing by about 10% in real terms. Read more
Swiss Re sigma preliminary estimates for 2012
According to Swiss Re sigma preliminary estimates, total insured losses from natural catastrophes and man-made disasters will reach approximately USD 65 billion in 2012. Natural catastrophes alone will lead to over 11 000 lives lost and roughly USD 60 billion in insured claims. Read more