The case in Japan follows similar global lawsuits in which groups...
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Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide...
Surging travel insurance uptake among Indians:Niyo Data
Asian countries such as Thailand, UAE, Indonesia, and...
Out-of-pocket health expenditure declined to from 64.2 % in 2013-14 to 39.4% in 2021-22: NITI Aayog
V K Paul, Member (Health), NITI Aayog “This decline in out-of-pocket expenditure “reflects a very positive indicator. More than Rs 1 lakh crore savings have accrued from the Ayushman Bharat PMJAY and this has had a positive impact on the recent NHA estimates,” V K...
Pharma companies deny manufacturing drugs flagged in CDSCO report
The CDSCO's drug alert for August included samples from batches of medications such as Shelcal, Vitamin B Complex with Vitamin C Softgels, vitamin C and D3 tablets and Ciprofloxacin tablets High blood pressure medications Telmisartan and Atropine Sulphate and...
Govt hikes minimum wages fron Oct 1 as living costs surge
Earlier this week, thousands of workers held protests across the country, seeking an increase in wages and demanding the repeal of four labour codes which they say favour multinational corporations. New Delhi: India is hiking minimum wages marginally for workers...
Star Health sues Telegram after hacker uses app’s chatbots to leak data
Star has received a temporary injunction from a court in its home state of Tamil Nadu ordering Telegram and the hacker to block any chatbots or websites in India that make available the data online, according to a copy of the order Star has also sued U.S.-listed...
GST on Health, Life Insurance: Newly formed GoM to meet on Oct 19
A final call by the council on taxation of insurance premiums is likely to be taken in the next meeting in November, based on the GoM report New Delhi: The ministerial panel to decide on lowering goods and services tax (GST) on health and life insurance premiums will...
CrowdStrike exec apologizes before US Congress for software glitch behind July global outage
Delta Air Lines has vowed to take legal action, saying the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days, and cost it $500 million. CrowdStrike rejected Delta's contention, that it should be blamed for massive flight...
Tokio Marine Kiln and Marsh launch exclusive $50 million market-first trade disruption facility for ports and terminals
Through the offering, ports can now secure an additional cover should certain wider events beyond their control lead to ships being diverted away from or refusing to sail to their facilities. The facility also provides additional cover for ports impacted by blockages...
New research from Beazley reveals AI is the biggest challenge facing digital health and wellness firms
Beazley’s research found fewer than a third (30%) buy the essential tailored insurance covers that protect against bodily injury caused by a variety of technology-based drivers London: Beazley, the leading specialist insurer, has today published its latest Digital...
Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the Lloyd’s market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national...
Average health claim size rises 12% to Rs 70,558 in India in 2023-24: ACKO report
The average claim size in India for 2023-24 stands at ₹70,558, up from ₹62,548 in the previous financial year, a significant increase of 11.35%, reflecting the broader surge in healthcare expenses Bengaluru: With rising hospitalisation costs, the average claim size in...