Out of the total benefits paid, ₹2.33 lakh crore has been on...
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India’s Population Dilemma:South states want more kids
Chandrababu Naidu — chief minister of the Indian state of Andhra...
Indian Women Power: 3 in 4 homemakers(women) lack critical illness cover
A report by BajajCapital Insurance Broking highlights a powerful...
Cyber Insurance: Ransomware remains biggest driver of claims
``Asian businesses with overseas presence should also consider multinational cyber solutions, especially those with operations in Australia, US and UK which tend to experience more substantial financial losses arising from privacy litigation and data breaches,” says...
Nearly 73 pc rural households expect income growth by next year: Report
“While the consumption-led buoyancy in the rural economy continues, there is some slackening of momentum in recent months, partly reflecting the impact of severe floods and landslides in a few states, including Himachal Pradesh and Punjab,” Nabard said. New Delhi:...
Expanding Life and Health insurance can boost ASEAN growth, says a Study
In partnership with PwC, the study evaluates the social and economic impact of insurance in six ASEAN countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. A 50 per cent growth in non-life insurance coverage is projected to yield up to 3.1...
Over 90 flights cancelled scores delayed as rains batter Kolkata
The aviation chaos mirrored the citywide disruption as Kolkata lay waterlogged under record rainfall. At least ten people have died, out of which nine due to electrocution, officials said Kolkata: Torrential rains battered Kolkata on Tuesday, throwing flight...
Govt plans disinvestment of more PSUs: DIPAM Secretary
Some of the names where the government will like to disinvest include a few PSU banks like UCO Bank and Bank of Maharashtra and Life Insurance Corporation of India New Delhi, Sep 22 (IANS) India is set to surpass its Rs 47,000 crore disinvestment target for the...
China’s EV boom saddles its auto insurers with large losses
Despite EV drivers paying anywhere from 20% higher to double the premiums for traditional cars, China’s auto insurers have been nursing losses from covering new energy vehicles for at least three years. The industry lost 5.7 billion yuan ($802 million) from...
Airport chaos highlights rise in high-profile ransomware attacks: cyber experts
The European Union's cybersecurity agency ENISA confirmed on Monday that the hack on Collins Aerospace, owned by RTX , was a ransomware attack, but did not say where the attack originated from. The outage, which hit check-in and baggage drop services, has affected...
US major Everest Re receives license for GIFT-IFSC venture
“Everest’s launch in India presents significant opportunity, as one of the most dynamic reinsurance markets globally, shaped by strong economic growth, and rising demand for the advanced, long-term reinsurance solutions we offer,” said Jill Beggs, Executive Vice...
Insurers start passing on full benefits of zero GST on retail Life and Health covers
``The net outgo for individual consumers has been reduced for products like Health Insurance, Personal Accident & Travel Insurance, maintaining the same policy coverage and claims servicing standards'' Naveen Chandra Jha, MD and CEO, SBI General Insurance New...
Super Typhoon Ragasa barrels through northern Philippines, triggers alerts across Asian region
Packing winds of 215 kph (134 mph) and gusts of up to 295 kph (160 mph), Ragasa slightly intensified as it brushed Babuyan Island and headed for possible landfall over Calayan Island, raising the risk of storm surges exceeding three metres (nine feet), the state...