The IRDAI said Arbitration clause for all tariff-based contracts issued after 27 October 2023 were de-notified, changing a standard that has been in place since 2006.
AU$202m (US$133m) of industry losses estimated from Jasper and AU$541m (US$357m) from Christmas/New Year storms, as QLD prepares for another cyclone to make landfall this week.
India is fastest growing G20 insurance market, but the country accounts for US$31.1bn of the global US$113bn crop protection gap, according to Swiss Re data.
Vietnam's 2045 high-income aspirations are at risk due to severe flood threats from its extensive coastline and river deltas, impacting economic stability and foreign direct investments.
