Türkiye: Insurance association announces Earthquake Reform Agenda

Published on March 24, 2025
The Insurance Association of Turkiye (TSB) has drawn up an Earthquake Insurance Reform Agenda to strengthen the country's readiness to face quake risks after the devastating 6 February earthquakes in
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LA wildfires an earnings event that will mostly affect US renewals: S&P

March 21, 2025
Despite significant losses from the California wildfires in January 2025, S&P Global Ratings considers it an earnings event and expects it to mostly affect US renewals rather than global markets, according to Taoufik Gharib, Director & Lead Analyst, Reinsurance Ratings.Speaking during S&P’s Fourth Quarter U.S. Insurance Webinar, Gharib noted that the wildfire losses will influence pricing in the u

Nagaland processes first claim under Parametric Disaster Insurance

March 24, 2025
Nagaland has successfully processed its first claim under the Disaster Risk Transfer Parametric Insurance Solution (DRTPS), marking a significant step towards improving the state’s disaster management efforts.In 2024, the Nagaland State Disaster Management Authority (NSDMA), in collaboration with SBI General Insurance, introduced this innovative multi-tier DRTPS agreement to strengthen disaster re