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IRDAI chairman Seth meets Indian reinsurers
Ajay Seth, chairman,IRDAI ``It was an introductory meeting and had...
Jitters over AI spending set to grow as US tech giants flood bond market
Since September, public bond issuance by four of the major cloud...
Cyber insurance premiums falling globally, businesses become more adept in curbing their losses, Howden Report
Business interruption is usually the biggest cost following a cyber-attack, but businesses are able to reduce those costs with better back-up systems, such as through the use of cloud providers, the report said Cyber insurance premiums are falling globally as...
Experts expect AB-PMJAY revamp and larger health budget during Modi 3.0
“Increased healthcare spending, coupled with initiatives like AB-PMJAY, can benefit both the public and private sectors, albeit requiring adjustments in pricing structures. Addressing the shortage of healthcare staff and providing regulatory relief, particularly in...
Heat-dome: Indian Temperatures Beyond the Heatwave?
Robert Muir-Wood,Chief Research Officer, Moody’s RMS Mitigation is the only route to relieve the heat stress, and countries that are used to the heat benefit from previous experience and may have the infrastructure – from building design to designated cooling centers,...
Embarking ESG: Changing Investment Paradigm
While the integration of ESG in the life insurance sector presents numerous opportunities, it also comes with challenges. The primary challenge lies in the lack of standardized ESG data and ratings, which can lead to inconsistencies and difficulties in comparison S P...
India becomes the first country to prepare entire fauna checklist
"The faunal checklist will be an invaluable reference for taxonomists, researchers, academicians, conservation managers, and policymakers. It comprises 121 checklists of all known taxa covering 36 phyla. Endemic, threatened, and scheduled species have also been...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the transition and adapting economies to a new climate era, it will require a paradigm shift in how risk management is prioritised if climate finance is to be deployed and businesses are to secure their...
Cost of new drug development is key concern for life science as focus shifts to repurposing: WTW Survey
The survey also revealed that regulation and reputation risk have risen to the top of the life science agenda as companies feel pressure on a range of issues such as increasing regulatory activity post-Covid, U.S. drug price controls, rising data privacy concerns, ESG...
After Oil, Russia may be building a shadow fleet for gas
Gas is key to the Kremlin’s plans to boost exports, replenish government coffers and fund its war machine — but that requires a larger share of the global LNG market, now that the once-lucrative European pipeline trade has been almost cut off. To date, expansion plans...
Australia approves ANZ’s $3.3 bln buyout of Suncorp Bank
ANZ CEO Shayne Elliott said the deal will allow it to add scale to its retail and commercial businesses, enabling ANZ to more effectively compete in the Australian market Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of...
EPFO’s gross new subscribers addition declined by over 4 per cent to 10.9 million in 2023-24
The report also showed that the gross addition of members of Employees' State Insurance Corporation (ESIC) also dipped to 16,760,672 in 2023-24 from 16,773,023 in 2022-23 New Delhi: Retirement fund body EPFO's gross new subscribers addition declined by over 4 per cent...