Friday, June 27, 2025

Creating liberating content

Jawai Leopard Reserve is probably one of the best spots

Jensen Huang, CEO of Nvidia, speaks during the Viva Technology

Vitamin D, also called the sunshine vitamin, is important for

Related News

Jawai Leopard Reserve is probably one of the best spots in India to see these gorgeous land animals. Located in the Pali district of Rajasthan, Jawai is a heaven for

Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes

Vitamin D, also called the sunshine vitamin, is important for the proper functioning of the body. From bone health to mood regulation, Vitamin D helps in all this and much

The Employees’ State Insurance Corporation (ESIC) on Friday relaunched the SPREE scheme to bring unregistered employers and left-out workers under the ESI Act, as part of a broader push to

This optical illusion is challenging people’s eyesight. There is a plane concealed somewhere in this picture, but only those who possess really sharp vision can spot it. This picture may

NEW DELHI: India can boost employment in labour-intensive sectors by over 13% by 2030 through targeted investment in formal skilling, according to a paper by the National Council of Applied

Trending News

The Employees’ State Insurance Corporation (ESIC) on Friday relaunched the SPREE scheme to bring unregistered employers and left-out workers under the ESI Act, as part of a broader push to

NEW DELHI: India can boost employment in labour-intensive sectors by over 13% by 2030 through targeted investment in formal skilling, according to a paper by the National Council of Applied

ICICI Bank has approved plans to raise its stake in ICICI Prudential Asset Management Company by up to 2 per cent, as part of efforts to retain majority control ahead

Oil prices were on track for their biggest weekly decline since March 2023, as fears of supply disruptions from the Iran-Israel conflict faded, erasing any risk-driven premiums. As of 0637

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1751009519.616f16 Source link

The acquisition requires approval from the Competition Commission of India and completion of a mandatory tender offer to ANIL’s public shareholders. (AI image) JSW Paints Limited has signed agreements to

Insurers get queries: How much does war cover cost?

Word Count: 595 | Estimated Reading Time: 3 minutes


Insurers get queries: How much does war cover cost?

MUMBAI: Insurance companies are receiving enquiries for quotes on war risk insurance cover hours after India carried out Operation Sindoor.“Enquiries have gone up, but underwriters are reluctant to provide war risk cover for landed property after some kinetic action has already taken place. In the case of cargo, though, war risk cover is available for the time the goods are in transit in the vessel ,” said Sanjay Radhakrishnan, CEO, Edme Insurance Brokers.He added that in the case of property on land, war risk covers also have clauses that make the current events as proximate to war and hence will be excluded from cover.The standard cargo policy excludes war risks, which have to be separately covered. Insurers include the war risks through an endorsement by charging additional premium. Usually, when geopolitical tensions rise, insurers hike the war risk premium on cargo.

Risky affair

“War risk premiums are typically subject to reinsurance arrangements that insurers have with their respective reinsurers. We saw in the past, during times of war, that reinsurance treaties are put on hold and war covers may be withdrawn. Such a situation could possibly lead to higher rates of marine cargo insurance,” said Amarnath Saxena, chief technical officer, Bajaj Allianz General Insurance.The London-based Joint War Committee (JWC) continuously monitors global geopolitical developments. If a region becomes high-risk (due to war, piracy or attacks), the JWC updates its list of high-risk areas. Insurers are notified of the updated risk status. For cargo transiting these regions, insurers may issue a notice of cancellation or revision of existing war risk cover, often with a 7 to 30-day notice period.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account