Finance Minister Nirmala Sitharaman “When women gain financial...
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Reinsurers scrap war-risk cover after US torpedoes Iranian ship
Indian insurers and reinsurers have canceled hull coverages in...
Only 20% of women in India have adequate insurance,find out two insurers
Anand Roy, MD & CEO, Star Health said,“India is witnessing a...
FM holds inter-ministerial meet on exporters amid US tariffs
Nirmala Sitharaman, Finance Minister According to exporters, labour-intensive sectors including shrimp, chemicals, textiles, leather and footwear, and gems and jewellery would be impacted from this tariff as their goods will become less competitive in the US market as...
India may emerge as second-largest economy by 2038 with USD 34.2 trn GDP in PPP terms Report
India is emerging as one of the most dynamic among the world’s five largest economies, with strong economic fundamentals including high savings and investment rates, favourable demographics, and a sustainable fiscal position, said the the August 2025 issue of EY...
India has 56.75 lakh registered EVs till February 2025: Govt
In FY25, electric two-wheeler (e-2W) sales hit 11.49 lakh units, up 21 per cent from the previous year’s 9.48 lakh, the data showed. New Delhi: India has been making significant progress in the transition to green energy and electrification as the nation has a total...
India and Fiji join hands for climate action, resilience building and sustainable development
Prime Minister Narendra Modi and Sitiveni Rabuka,Prime Minister, Fiji, in New Delhi Prime Minister Narendra Modi had hosted a lunch for heads of offices supporting the economy of Fiji which was attended by R. Doraiswamy, CEO & MD , Life Insurance Corporation,...
Sompo to acquire Aspen for $3.5 Billion
James Shea, CEO of Sompo P&C, said “Strategic acquisitions have been a key part of our growth plan to build a robust and diversified global P&C platform, and Aspen represents an excellent opportunity at the right time in the market cycle. We look forward to...
Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric re/insurance policies, better aligning payout with actual losses. The scalable nature of Safehub’s technology allows for rapid and dense deployment of sensors, enabling risk transfer solutions even in...
Kazakhstan presses on with $4.4 billion fine against global oil majors for ecological violations
Kazakhstan's government originally fined NCOC 2.3 trillion tenge - then worth $5.4 billion - in early 2023 for ecological violations related to an inspection of Kashagan's gas processing facilities in 2022, when the authorities said they discovered excessive volumes...
Willis expands into specialty lines, hires talent in Japan
The Japanese general insurance market is projected to grow from JPY11.7 trillion (US$81.1 billion) in 2024 to JPY12.7 trillion (US$93.9 billion) by 2028, at a compound annual growth rate of 2.2%. TOKYO: Willis, a WTW business, today announced a significant expansion...
Embeded Resilience: Banks need to manage climate, cyber and geo-political risks, says BCG Report
C S Setty, chairman, State Bank of India, said, “India’s Digital Public Infrastructure has revolutionized access through Aadhaar, UPI, and Jan Dhan, and the next frontier lies in DPI 2.0 platforms like Account Aggregator and Unified Lending Interface (ULI). To unlock...
Atal Pension Yojana crosses 8.11 crore enrollments with over Rs 48,000 crore AUM
It is rapidly gaining popularity amongst female population and younger generation of the country. In the FY 2024-25, out of the total enrolments, 55 per cent were women New Delhi: The total gross enrollments under Atal Pension Yojana (APY) have crossed 8.11 crore (as...