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Economics of Distribution:Revisiting Insurance Broking
If the proposals, as listed in the IRDAI's consultaion paper, are implemented, brokers, corporate agents and other intermediaries will become a unified single class. The regulator has, in effect, proposed removing ‘insurance brokers’ as a separate class, which will...
Binance $6.3 billion heist to prompt closer scrutiny by insurers
Insurers are not expected to broadly retreat from the crypto sector or reduce the availability of coverage. But the largest crypto theft on record could bring tougher scrutiny of crypto firms’ exposure to Binance and any weaknesses identified in the attack, which the...
IOC to buy crude, LPG ships as West Asia crisis exposes shipping risks
The importance of securing shipping capacity has increased as geopolitical tensions in West Asia disrupt commercial movement near the Strait of Hormuz, pushing up freight rates and war-risk insurance costs. New Delhi: State-owned Indian Oil Corporation plans to...
Building a Shock-Resilient Supply Chain: New Risk-Management Strategies
Geopolitical tensions, shifting trade relationships, resource constraints, cyber threats, regulatory shifts, and energy-linked disruption are creating ripple effects that extend far beyond their original source. A disruption in one corner of the world can quickly...
Medical tourism to India could spike if global insurance firms cover treatments: Sangita Reddy
Speaking to PTI on the sidelines of the Garmin Health Summit in Bangkok, Apollo Hospitals Joint Managing Director Sangita Reddy, said, "We have requested the government to lead us on a delegation to work with the insurance companies. If they start covering... then you...
Revised prices of 137 anti-cancer drugs to be effective from Nov 9, expected to result in annual savings of ₹3,500 crore
As on date, 76 pharmaceutical companies have reported revised MRP for 1225 anti-cancer formulations, covering 121 drugs. Reduction in the MRP have been reported in 1031 formulations of anti-cancer medicines, with 600 brands reporting above 50% reduction and the...
Compulsory retirement order is neither punitive nor stigmatic in character: SC
``The ultimate assessment as to whether an officer has become dead wood or whether his continuance would be detrimental to administrative efficiency falls within the domain of the executive. However, such satisfaction cannot be found upon mere conjecture or whim. It...
Aon and Blackstone launch a new Lloyd’s syndicate offering efficient, long-term capital to reinsurance clients
"As risks grow in scale and complexity, clients are looking for effective risk transfer solutions that consider all forms of available capital," said Greg Case, President and CEO, Aon. Dublin: Blackstone Inc. has set up a Lloyd’s of London syndicate with broker Aon...
AI sharpens cat-and-mouse hacking battle as companies strengthen defences
Nearly 37,000 security flaws in software or computer systems were reported in the third quarter of 2026, tripling from a year earlier, according to the Common Vulnerabilities and Exposures list, an international registry of disclosed security flaws. Amsterdam: From...
Companies need to overhaul cybersecurity as AI accelerates vulnerability attacks: Report
McKinsey said organisations would need to simultaneously strengthen four areas -- cybersecurity practices, operating models, risk and control frameworks, and technology -- rather than relying solely on hiring additional security personnel or increasing patching...
16 grievance redressal camps to be organised across country during Nov: IRDAI
16 Grievance Redressal Camps will be organised across the country at various locations during November 20, said the IRDAI on Friday. Hyderabad: Observing Grievance Resolution Month during November 2026, insurance regulator IRDAI will be organising 16 Grievance...
Foreign investors pump Rs 45,960 crore this week in Indian stock market
Domestic institutional investors (DIIs), in contrast, turned net sellers of Rs 24,197 crore, selling in all five sessions and snapping an 11-week buying streak as they booked profits into the sharp move, said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj...
NSE electronic gold receipts log record trading volumes on Dhanteras
“The record volumes and EGR creation witnessed on Dhanteras are encouraging indicators of the growing acceptance of this instrument. We are certain that more investors and market participants will embrace NSE EGRs as a modern, regulated and efficient way of...
Karnataka warns Govt hospital doctors against prescribing medicines for purchase outside
"If doctors are found prescribing medicines on white slips and directing patients to purchase them from outside, or if medicines are dispensed by private medical stores without an authorised letterhead, the licences of such medical stores will be cancelled," Karnataka...
LIC expects limited impact from IRDAI’s proposed commission reforms, higher-cost insurers may face pressure: CEO
R Doraiswamy,CEO and Managing Director On LIC's growth priorities for FY2027, he said the insurer would focus on expanding individual term insurance, savings, annuity and unit-linked insurance products (ULIPs), alongside strengthening its health-related offerings....
SEBI proposes mandatory anti-money laundering certification for principal officers of market intermediaries
The proposed requirement seeks to establish a common minimum standard of knowledge and professional competence among principal officers responsible for implementing anti-money laundering and countering the financing of terrorism (AML/CFT) regulations. New Delhi: The...
Gold ETF folios jump 2.6x in 3 yrs, outpaces large-cap funds: Report
According to the analysis, the total AUM of gold ETFs has climbed to nearly Rs 1.9 lakh crore, equivalent to almost half of the roughly Rs 4 lakh crore managed by large-cap equity funds. MUMBAI: Investors are increasingly chasing the rally in gold prices through...