The government’s sustained emphasis on infrastructure development,...
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AI to reduce burden on healthcare workforce, strengthen physician–patient relationship: Health secretary
Union Health Secretary Punya Salila Srivastava highlighted that the...
Rising civil unrest pushes up SRCC(strikes, riots and civil commotion) claims globally
Claims tied to SRCC — strikes, riots and civil commotion — are...
New Zealand Govt launches online hub with mental wellbeing tools to help farmers deal with stress of adverse weather events
“Adverse weather events are an increasingly common reality for our farmers and growers. Farming and growing isn’t easy work. There are already a ton of challenges to navigate even before the likes of floods and cyclones are thrown into the mix. When things get bad...
M&A Insurance claim costs rise despite drop in number of claims, Tighter underwriting terms expected
GTS’ Americas region saw the smallest decline in R&W notification count in 2023 and was the only region to register an increase in notifications in Q1 2024. The Europe, Middle East and Africa region saw a notable drop in R&W notifications in 2023, but it was...
Tokio Marine Group partners with Resilient Cities Network to accelerate investments in urban resilience
The new partnership will see Tokio Marine Group companies provide expertise and support to the Taskforce with a focus on developing commercially viable finance and insurance solutions for project portfolios that enhance climate resilience in more than 100 cities. At...
Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh middle class tax burden falls
As per the income tax return (ITR) filing data, the number of individuals showing annual income of over Rs 50 lakh has gone up to over 9.39 lakh in 2023-24, a five-fold jump from 1.85 lakh in 2013-14. Also, the income tax liability of those earning above Rs 50 lakh...
India’s Insurance Sector: Robust growth but coverage, profitability challenges prevail
Peeyush Dalmia, Senior Partner, McKinsey & Company, says, "While current growth indicators are promising, the industry has not seen improvement in productivity. Achieving long-term success requires a fundamental transformation in how insurance products are...
COP29 climate talks urged to find $1 trillion a year for poorer countries
A previous goal of $100 billion per year, which expires in 2025, was met two years late in 2022, the OECD said earlier this year, although much of it was in the form of loans rather than grants, something recipient countries say needs to change. Setting the tone at...
10 most climate-vulnerable countries got less than $1 year climate finance: Report
The data also shows the 10 countries most affected by climate change between 2000 and 2019 received just $23bn, less than two per cent of all climate finance, despite accounting for nine per cent of the world’s population. The 750 million people now living in these...
In 2022 one-fourth of people living with diabetes in India Lancet study estimates
Of the 82.8 crore, India's share formed over a quarter (21.2 crore). Another 14.8 crore were in China, while 4.2 crore, 3.6 crore and 2.2 crore lived in the US, Pakistan and Brazil, respectively, the researchers found New Delhi: About 82.8 crore people around the...
World already on cusp of 1.5 degree celsius temp rise, finds new research
Every extra increment of heat risks worsening climate impacts like powerful storms and drought. This year is expected to be the hottest year on record, and the EU’s Copernicus Climate Change Service predicts it will also be the first year ever to breach 1.5C of...
Shell wins appeal against landmark Dutch climate ruling
The appeals court in The Hague said Shell had a responsibility to reduce greenhouse gas emissions to protect people from global warming. But it dismissed the 2021 ruling that ordered Shell to cut its absolute carbon emissions by 45% by 2030 compared to 2019 levels,...