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RBI proposes separate categories of business correspondents, uniformity in wages
It also proposes to bring uniformity in the BC ecosystem with...
Strait of Hormuz will never return to its former state, especially for US, Israel, vows Iranian Navy
As per Press TV, the IRGC Navy made the remarks in a post on X and...
PE firm JC Flowers picks up majority stake in Bobby Swarup’s Niyam Group
Niyam is a reinsurance platform based in GIFT City, connecting global capital with opportunities in India and other high-growth markets. Niyam Syndicate 2047 at Lloyd's will support the development of the Indian reinsurance market in alignment with India's Vision...
War risks insurers win bid to appeal UK ruling on jets lost in Russia
London’s High Court ruled in June that AerCap can recover just over $1 billion from its “war risks insurers,” though that was less than the roughly $2 billion it sought under a broader all-risks clause. London:Insurers, including Chubb, Fidelis and syndicates at...
Apr1 Renewals: property-catastrophe rates fall, acute stress across multiple specialty lines due to ME geopolitical turmoil, says Howden Re
Looking ahead, mid-year 2026 renewals are expected to face more complex conditions globally. Upward pricing pressure across marine, energy and political violence is anticipated as the full impact of the Hormuz crisis is absorbed, and reinsurers reassess aggregation,...
Giant oil tanker off Dubai hit by Iranian strike after Trump’s latest threats
The strike on the Kuwait-flagged Al-Salmi is the latest attack on merchant vessels by missiles or explosive air and sea drones in the Gulf and Strait of Hormuz since the U.S. and Israel attacked Iran on February 28. TEL AVIV/WASHINGTON: Iran attacked and set ablaze a...
West Asia Crisis:Hormuz remains under Iran’s firm control
Until this war, one long-held assumption around Hormuz was that Iran would never attempt to close the strait, for fear of risking its own exports, a vital economic lifeline. In fact, ship-tracking data suggest that Tehran’s oil has continued to flow — almost entirely...
99.92% of Indian villages now have banking facilities within 5 kms radius
Pankaj Chaudhary, Minister of State in the Ministry of Finance Availability of banking outlets is monitored by a Geographic Information System (GIS) based Application, namely, the Jan Dhan Darshak (JDD) App The country has now 99.92% villages and 100% villages in the...
The April 1 Renewals: Changing Indian reinsurance market
While the momentum in India is toward expansion, the global environment remains highly volatile. This is no longer just a rate negotiation cycle; the market is balancing two forces that do not entirely align. What lies ahead is not a uniform market, but one that...
Two days of stock market slump wipes out Rs 18.60 lakh cr from investors’ wealth
"Another day of Carnage witnessed on D-Street. Uncertainty looms over sentiments. Escalating tensions in West Asia continued to weigh heavily on markets, as the ongoing US-Israel conflict with Iran entered its fifth week and expanded across the region," Siddhartha...
Indian re/insurers to impement Indian Accounting Standards (Ind AS) from April 1, can avail forbearance for 1-yr:IRDAI
To facilitate smooth transition, for insurers facing challenges in immediately shifting to Ind AS, a provision has been made to grant forbearance for one-year provided such a request will be be made on or before 30th April, 2026.. During the period of forbearance...
Life Insurance:Support for Indian households across stages
Out of the total benefits paid, ₹2.33 lakh crore has been on account of withdrawals and surrender, an increase of 1.77% over last year. Since persistency ratios remain robust, it signifies planned lifecycle exits.,said Kamlesh Rao, chairperson, Insurance Awareness...