S&P Global said daily traffic through the Bab el-Mandeb...
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Tankers divert to Egypt as Houthi threat disrupts Red Sea
Over the past week, only Chinese ships and vessels owned by...
Iran proposes temporary Hormuz plan giving itself greater control over transit lines
Deputy Foreign Minister Kazem Gharibabadi said Tehran rejected an...
Govt plans expansion of domestic maritime capabilities: Sanjeev Sanyal
Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister The central government is responding to this challenge by prioritising shipbuilding, port development, and ship flagging as critical thrust areas. Recent legislative changes have already...
India CV industry jumps 27% (YoY) in January; GST cut drives volume surge: ICRA
For the first ten months of the FY 26 r, domestic CV wholesale volumes grew by 11.3 per cent YoY, while retail volumes registered an 8.5 per cent growth during the same period. Looking ahead, ICRA expects the domestic CV industry to register a moderate YoY growth of...
Marsh exploring selling its financial risk manager and life insurance broker for high-net-worth individuals in Asia
PCS provides financial risk management and life insurance services to more than 8,000 clients in about 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva and Zurich, according to its website. Marsh is exploring a sale of its financial risk manager and...
Ecuador contracts first parametric insurance for 10k climate-vulnerable farmers, with Germany, UNDP, ISF and IDF support
The two parametric products — for extreme rainfall and drought-risk — were designed by IDF member insurance organizations AXA Climate, Guy Carpenter México Intermediario de Reaseguro S.A de C.V and Blue Marble, in partnership with the MAGP and with local insurer...
Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman
``The United States has more than 40 fellow actuaries per million people and the United Kingdom more than 250, while India has fewer than one per million. Compounding this, IAI's(Institute of Actuaries) total membership has fallen from around 12,000 in 2011 to...
UIB partners with CyberCube to accelerate its growth across LATAM and Asia
Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is evolving at pace, and clients increasingly expect brokers to provide clear, quantitative insights. With CyberCube’s platform, we can enhance the sophistication of our analytics, improve the clarity of...
Various Govt social security schemes enhance confidence among citizens, says PM Modi
``India is going through a period of rapid economic growth and expansion of social security architecture. As India advances towards the vision of Vikasit Bharat 2047, it is important that our efforts remain aligned to widen and reinforce the safety nets available to...
India will be first country in the world making healthcare quite affordable:Devi Shetty
``Believe me, in the next five to seven years time, expenses for the healthcare services can be paid through adequate insurance coverage and other financial mechanisms including Health Savings Accounts. Health savings account is nothing but a zero balance account with...
NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital services might work for educated customers in major cities, a "human value chain" is still required to sell products in Tier 2 and Tier 3 cities, as well as rural areas. The goal is to merge these two...
Govt assessing impact on financial entities if war breaks out in Middle East: DFS Secy
M Nagaraju,Secretary , Department of Financial Services In the remarks during a speech at the Indian Banks' Association's Annual General Meeting, Department of Financial Services Secretary M Nagaraju underscored how India has managed a slew of geopolitical challenges...