India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December, reinsurance broker Aon Benfield said in its monthly report on global catastrophes.

While the earlier deluge in Tamil Nadu, which started on November 8, has already resulted in claims of around Rs 500-600 crore, the recent torrential rains could cause far more damage, insurers poi

ZURICH: Natural and manmade disasters caused $37.4 billion (34 billion euros) in economic losses during the first half of 2015, proving far less costly than in recent years, reinsurance group Swiss

The death toll from natural disasters such as earthquakes, storms and heatwaves rose sharply worldwide in the first six months of 2015, the world's largest reinsurance company Munich Re said on Tue

Government has outlined the changes it wants to make to insurance cover after natural disasters, including a doubling of the cap on building cover to $200,000.

Strong macroeconomic fundamentals offer India a “reasonable degree of resilience” to fight uncertainties, but poor asset quality of banks and managing expectations are key challenges for regulators and the government, says the Financial Stability Report.

German insurers are likely to face damage claims of around 750 million euros ($808 million) from windstorm "Niklas", which struck the country on March 31, insurance trade body GDV said on Monday.

The study on climate change adaptation (CCA) and disaster risk reduction (DRR) synergies of interventions was carried out with a combination of approaches consisting of country-specific case studies in Nepal and India in South Asia and in the Republic of Ghana in the West Africa, an online survey eliciting responses from the stakeholders engaged

This report explores evidence and insights from five case studies that have made significant recent progress in addressing the challenge of insuring poor smallholder farmers and pastoralists in the developing world.

The Centre is devising an insurance product for farmers that will guarantee to make good their loss in income from natural calamities for at least seven years.

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