Indian News

Important to address concerns quickly in cyber era, Nestle CEO on Maggi crisis learning

Risk Management       Nov 20, 2018

  Global food and beverage company Nestle said it is important to address concerns quickly in this era of social media and this has been a key learning from the 2015 Maggi crisis in India, said a top company official.   The company also said staying closely...

GI Council reconstituted, IRDA nominates four new members

Non Life-News       Nov 18, 2018

  Mumbai: The General Insurance Council, the self regulatory body of the general insurance industry with 33 players, has now been fully reconstituted after a gap of three years.   A V Girija Kumar, CMD, Oriental Insurnace Company, has replaced G Srinivasan, as the chairman of the...

Easing oil prices, recovering rupee see FPIs invest over $1 billion in November

Economy       Nov 18, 2018

  New Delhi: Foreign investors have pumped in nearly Rs 8,285 crore into the Indian capital markets so far this month, after pulling out hefty funds in October, due to fall in crude oil prices, recovery in rupee and improvement in the liquidity situation.   The recent...

IRDAI forms panel to overhaul Motor OD product structure

Non Life-News       Nov 16, 2018

  Hyderabad: The insurance regulator IRDAI on Friday has constituted a panel on Friday In a bid to overhaul the current product structure in the Motor Own Damage segment.  The panel will revisit the wordings of the various existing products and also develop new ones where...

Cyclone Gaja claims 45 lives, rips through Tamil Nadu coast with heavy rain

  Chennai: The toll in cyclone Gaja has touched 45, Tamil Nadu Chief Minister K Palaniswami said on Sunday and appealed to leaders of all political parties to take part in the relief activities.    "Palaniswami said 1.7 lakh trees have been uprooted, 735 cattle died, 1.17...

India won't achieve 2-degree cut in global warming by 2030, says report

Non Life-News, Risk Management, Scientific Facts       Nov 16, 2018

New Delhi: India will not be able to reduce global warming by 2 degrees Celsius by 2030 as envisaged in the landmark Paris Agreement due to gaps between the projections and the current policies of the government aimed at achieving it, according to a new...

Arun Jaitley, Finance Minister

Centre planning share sale offer of General Insurance, New India Assurance

Economy, Non Life-News, Reinsurance       Nov 15, 2018

  New Delhi: The Finance Ministry on Thursday said it is planning to come out with a share sale offer of two recently listed insurance companies -- GIC and New India Assurance.   State-owned reinsurer General Insurance Corporation of India (GIC) was listed on the bourses in...

Belgian insurer Ageas acquires 40% in RSGI for $210m

Non Life-News       Nov 15, 2018

  Chennai: Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total consideration of €186 million (US$209.4 million). The acquisition fits Ageas’s strategy...

Mary Roth, CEO, RIMS, handing over ERM award to NKV Roopkumar, EVP, SBI Life in Mumbai

SBI Life bags RIMS first India ERM award

Life-News, Risk Management       Nov 14, 2018

  Mumbai: SBI Life Insurance has bagged the Enterprise Risk Management(ERM) Award of Distinction in 2018 from the RIMS, the US based risk management society, for its outstanding efforts to deliver enterprise-wide risk management solutions that address dominant risks while uncovering financial savings, presented .   The...

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