Subramanian also pushed back against claims that the overhaul would lead to widespread job losses, adding that reforms would expand the distribution network.
The insurers have been ordered to overhaul compensation structures, strengthen sales oversight and submit externally reviewed remediation plans by November.
(Re)in Summary
Single hyperscale AI campuses can carry total insurable values of US$20bn–50bn, beyond what one insurance placement can absorb, Howden says.
Underwriters are pricing the largest sites...
External committee linked sums to 159 current and former staff and 794 customers, and said it found structural failings in sales management, culture, and governance.
The appointment comes as Swiss Re Corporate Solutions strengthens its international programmes capabilities in Asia, including through a recently announced partnership with Bajaj General in India.
The exercise aims to help insurers further strengthen cyber risk management frameworks and keep pace with increasingly severe and sophisticated cyber threats.
