Latest news with #JWC
Time of India
08-05-2025
- Business
- Time of India
Insurers get queries: How much does war cover cost?
MUMBAI: Insurance companies are receiving enquiries for quotes on war risk insurance cover hours after India carried out Operation Sindoor "Enquiries have gone up, but underwriters are reluctant to provide war risk cover for landed property after some kinetic action has already taken place. In the case of cargo, though, war risk cover is available for the time the goods are in transit in the vessel ," said Sanjay Radhakrishnan, CEO, Edme Insurance Brokers. He added that in the case of property on land, war risk covers also have clauses that make the current events as proximate to war and hence will be excluded from standard cargo policy excludes war risks, which have to be separately covered. Insurers include the war risks through an endorsement by charging additional premium. Usually, when geopolitical tensions rise, insurers hike the war risk premium on cargo. War risk premiums are typically subject to reinsurance arrangements that insurers have with their respective reinsurers. We saw in the past, during times of war, that reinsurance treaties are put on hold and war covers may be withdrawn. Such a situation could possibly lead to higher rates of marine cargo insurance ," said Amarnath Saxena, chief technical officer, Bajaj Allianz General Insurance The London-based Joint War Committee (JWC) continuously monitors global geopolitical developments. If a region becomes high-risk (due to war, piracy or attacks), the JWC updates its list of high-risk areas . Insurers are notified of the updated risk status. For cargo transiting these regions, insurers may issue a notice of cancellation or revision of existing war risk cover, often with a 7 to 30-day notice period.
New Straits Times
07-05-2025
- Sport
- New Straits Times
Nor Saiful returns with six-month mission to shape JWC squad
KUALA LUMPUR: "Don't lose to teams ranked below us - that's the number one target." That's the message from national junior hockey coach Nor Saiful Zaini, who has returned to helm the squad ahead of the Junior World Cup (JWC) in Chennai, India, on Nov 28-Dec 10. Nor Saiful, officially reappointed on Tuesday on a three-year deal, faces the tough task of building a competitive team with just six months to go before the tournament. He stressed the urgency of starting preparations immediately to ensure Malaysia - currently ranked 11th in the world junior rankings and fourth in Asia - do not lose to lower-ranked teams. "In the Junior Asia Cup, we finished fourth, and there will be 24 teams at the World Cup. My top priority is simple - don't lose to teams ranked below us," he said. "We want the players to perform well, regardless of their position. That's why preparation is critical. "Our goal is to beat all teams ranked below us and challenge the stronger sides to pull off some wins. "If we achieve that, the players will return better and more mature with a real shot at breaking into the senior national team," said Nor Saiful on Thursday. Nor Saiful, who replaces I. Vikneswaran, had coached the junior side from 2016 to 2020 before stepping down to focus on grassroots development and leading the Tenaga Nasional team in the domestic league.
The Hindu
02-05-2025
- Sport
- The Hindu
Pakistan in doubt for hockey Asia Cup after reports of visa denial
The ongoing situation following the Pahalgam terror attack has put a question mark over Pakistan's participation in tournaments to be hosted by India later this year. The men's Asia Cup hockey in Rajgir from August 27-September 7, also a qualifying event for the 2026 World Cup, is the most obvious one. Hockey India secretary general Bhola Nath Singh has insisted that 'no discussions on the issue have been held so far but any decision will be taken only according to government guidelines' with the government having the final authority on the subject. 'We have not thought about it but it is not something we can decide on, we will wait for and abide by whatever the government decides,' Singh added. Incidentally, Singh is also a vice-president of the Asian Hockey Federation, making him a representative of both the national and continental organisation. While there is no official word from the AHF, Hockey India or even PHF at the moment, reports from Pakistan have claimed that the team has already been formally refused visas. If true, it needs to be seen how the FIH and the Asian body move ahead. The FIH, while not directly involved, is keeping a close eye on the developments and sources admitted the international body will have to take a call soon. More so, since the FIH Junior World Cup is also scheduled to be held in Chennai-Madurai in December. Pakistan had earlier been denied visas for the 2016 JWC as well after the terrorist attack on a military camp with Malaysia stepping in as replacement on the basis of rankings. Besides hockey, Chennai will also be hosting the WSF World Cup squash in December. The SRFI has also said it is too early at this stage to say anything. The Squash World Cup is a mixed-gender event with the 2023 edition — of eight teams without Pakistan — also held in Chennai.
