Global insurers coalition relaunches with weaker standards & more…Keep up with what has been happening this week in our latest insurance news round-up…

Global insurers coalition relaunches with weaker standards

A global coalition of insurers tackling the sector’s greenhouse gas emissions has relaunched with weaker membership requirements, following a member exodus in 2023.

Aurora launches new policy in partnership with AXA

Aurora, a digital commercial insurance platform, has announced the launch of its second specialist product, the Management Liability Policy (MLP), in partnership with AXA. According to a news release, this new offering aims to address the increasing risks that businesses face in today’s volatile market and provide comprehensive protection and risk management support.

WTW and Riskonnect join forces to launch a new Risk Diagnostic Tool

WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced a partnership with Riskonnect to pilot an innovative analytical delivery tool which connects claims and exposure data through its new WTW Risk IQ API (application programming interface).

Re/insurance industry must recalibrate cyber risk approach to reach untapped potential

As per a new report from Howden Re, the reinsurance and risk advisory arm of the Howden Group, while perceptions of heightened systemic risk within the cyber re/insurance class have been persistent, the rewards offered are often underestimated relative to natural catastrophe exposure.

India:Life insurance industry to surpass US$216bn by 2028, forecasts GlobalData

India’s life insurance industry is set to grow at a compound annual growth rate (CAGR) of 10% to INR13.5tn ($216.1bn) in 2028 from INR9.3tnin 2024 in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company.

RSA takeover set to complete by end of May & more...

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