With greenwashing, companies give the impression that they are more sustainable than they actually are. Greenwashing not only harms affected customers, investors and employees by deceiving them. Greenwashing poses a liability risk for companies and company directors. Recent developments are exacerbating the risk. The three letters ESG are in everyone's mouths. They stand for [...]
Howden acquires Spain's March Risk Solutions and signs deal with Banca March Howden, the London-based international insurance broker, announced it has acquired 100% of Spanish insurance broker March Risk Solutions (March R.S.) and has signed an alliance with Banca March, March R.S.’s parent company and one of the region’s pre-eminent investment banks. Following the [...]
Creating Value for Future IIRM & J.B. BODA having expertise in the following domains, aim to build powerful thought-leaders and serve the opportunities for the fraternity with professionals in insurance and Reinsurance. Both the entities jointly remain committed to delivering training programmes both for short-term & long-term including customized programmes in accordance requirements [...]
Our Christmas donation against poverty in Germany Many people cannot afford a festive meal, so not everyone can enjoy a carefree Christmas. Poverty is prevalent throughout the world. If we start in Germany, millions of people live here with income poverty or are threatened by it (above all recipients of ALG-II or social benefits, late resettlers and migrants, pensioners). When money is tight, most people save on their daily diet, which can put a strain [...]
J. B. Boda - Appointment of Employee Benefit Practice Leader Dear all, We are pleased to announce that Mr. Jayesh Gadekar has joined J. B. Boda Insurance & Reinsurance Brokers Pvt. Ltd., Mumbai, on 7th December, 2022 as “Chief Strategy Officer & Head Employee Benefits Practice”. Mr. Gadekar has completed his Graduation in Commerce [...]
Legal Changes in Moldova There is a significant change in the legal framework of the R. Moldova: New Law on insurance no. LP92/2022 of 07.04.2022 regarding Insurance and Reinsurance operation New Law no. LP106/2022 of 21.04.2022 on Motor Third Party Liability Insurance The following new issues have been included in the New legal framework: [...]
Trade Credit Trade credit insurance protects sellers of goods and services on credit against the risk of customer non-payment due to customer insolvency, protracted default, political events, or acts of war that prevent contract performance. The market is growing rapidly, especially in the Asia-Pacific region. After reaching a value of US$10.9 billion in 2021, [...]
CYBER INSURANCE MARKET: Is There Light at the End of the Tunnel? In late 2020, after years of soft market conditions, the cyber insurance market abruptly entered a hard market. A significant increase in frequency and severity of ransomware attacks and cybercrime between 2019 and 2020 sent the market into a tailspin. Cyber insurers [...]
It is with great dismay that we learned, our long-standing business partner and advisory board member, Mr. Bernd-Christian Schuler, passed away at the end of last week. At the age of 69, he passed away peacefully in the presence of his loved ones after a protracted illness. Our regret about Mr. Schuler's premature death could [...]
Interview with "Patengemeinschaft für Kinder in Indien e.V.", a German association, TRC supports and sponsors for many years. What is behind the Patengemeinschaft? The Patengemeinschaft is a German non-profit association, which runs various aid projects in South India. We are recognized as a charitable organization and are therefore entitled to issue donation receipts. Every [...]