Government officials have reportedly begun talks with US officials to secure political risk insurance and financial guarantees for vessels carrying oil and gas from the Middle East.
The IRDAI’s draft regulations would require Indian insurers to adopt Ind AS from April 2026, with parallel reporting and independent audit checks in the first year.
The three-year Pathfinder Protégé Programme includes enrollment in a professional Diploma in Loss Adjusting through the Australian and New Zealand Institute of Insurance and Finance.
The upgrade reflects the insurer's strong capitalisation, resilient operating performance, conservative reinsurance, and ownership ties to the Henan provincial government.
Ping An’s emergency response unit issued 59 risk alerts and 23 analysis reports on Middle East tensions, responding to 52 customer enquiries since January.
Tokio Marine & Nichido Fire Insurance, Mitsui Sumitomo Insurance, and Sompo Japan are considering broadening their high-risk zones amid the escalating Middle East conflict.
