Insurance companies are in talks with the authorities to convert...
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U.S. insurers face higher loss costs and market risks from trade war: Fitch
Property casualty (PC) insurers face cost inflation in personal...
Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI
"COAI feels that the cybersecurity measures need to be reinforced...
Govt will make Assam flood-free in five years, Amit Shah assures people
Amit Shah, Union Home Minister According to the July data of Assam State Disaster Management Authority (ASDMA), nearly 8.9 million people in the state were affected by the flood and landslides as it claimed 192 lives in the state till then and around 2.40 lakh...
IDBI Bank privatisation: Govt,LIC together to sell 60.72% stake in bank, invite bids
``Expression of Interest is invited for Strategic Disinvestment of specified GoI and LIC stakes in IDBI Bank along with transfer of management control. Details are at https://dipam.gov.in,'' tweeted Secretary Dipam New Delhi: The government on Friday invited bids from...
Munich Re not to invest in or insure new oil and gas fields from April 2023
Furthermore, in its own listed equities and corporates portfolio, as of 1 April 2023, Munich Re will cease to conduct new direct investments in pure-play Oil & Gas companies As of 1 January 2025, Munich Re will require a credible commitment to net-zero greenhouse...
Govt notifies credit guarantee scheme for startups
”Maximum guarantee cover per borrower shall not exceed Rs 10 crore. The credit facility being covered here should not have been covered under any other guarantee scheme,” the Department said New Delhi: The government has notified the credit guarantee scheme for...
Market turmoil may hinder UK’s plans to reform EU insurance solvency rules
“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...
IMF warns of higher recession risk and darker global outlook in 2023
"We are experiencing a fundamental shift in the global economy, from a world of relative predictability … to a world with more fragility - greater uncertainty, higher economic volatility, geopolitical confrontations, and more frequent and devastating natural...
Digital skills increasing in demand in Asia and the Pacific: ADB and LinkedIn report
"The digital economy in Asia and the Pacific is growing at great speed, with e-commerce expected to reach $2 trillion by 2025. As digital transformation reshapes jobs in the region, there is an urgent need to invest in digital skills and talent," said ADB Sustainable...
Asian Development Bank to provide $2.3-$2.5 bn for flood ravaged Pakistan
According to the federal government's estimate, the floods have caused a collective loss of more than USD 40 billion Islamabad: The Asian Development Bank on Wednesday announced that it will provide USD 2.3 to 2.5 billion for relief operations in the wake of...
Singapore faces challenge of finding foreign nurses for aging population
By 2030, one in four Singaporeans will be aged 65 and above, up from one in six today. Singapore is ramping up the nursing homes' bed capacity to 31,000 beds by 2030 from 16,200 now One key challenge for Singapore is to find enough foreign nurses to supplement local...
Australia unveils privacy rule changes after Optus data breach
The changes will enable telcos to share government-issued identification documents with banks to allow them to implement enhanced monitoring for customers impacted by data breaches Australia on Thursday proposed an overhaul of consumer privacy rules that will help...