ICICI Lombard General Insurance has reinsurnace support for...
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RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to...
PFRDA constitutes 9-member panel to review and modernise NPS investment framework
It will benchmark these norms against global pension systems and...
Cost and debt rising, yield stagnant: SC panel on agri distress; suggests examining MPS, other measures
The panel also said climate catastrophe and the resulting severity of the environmental changes, including depleting water table, frequent dry spells, excess rainfall pattern in some regions, heat waves etc. are impacting the farm sector and the food security in a big...
TN sets up ‘One Health and Climate Hub’ to address health challenges of climate change
A government order (GO) issued by Additional Chief Secretary Supriya Sahu, stated the Hub will strengthen surveillance and research, promote inter-sectoral collaboration, enhance capacity building, and facilitate the development of green healthcare infrastructure....
Govt notifies telecom cyber security rules sets timelines for telcos to report security incidents
Under the rules, every telecom entity will be required to implement specified measures to ensure cyber security, including adopting a telecom cyber security policy (security safeguards, risk management approaches, actions, training, best practices and technologies, to...
NGT seeks response from states on Arsenic fluoride in groundwater and tree cover loss
The NGT had earlier sought the response of various states and union territories in the matter. It had taken suo motu (on its own) cognisance of a newspaper report regarding the detection of arsenic and fluoride in the groundwater across 230 districts in 25 states, and...
No new Bill on insurance reforms in Winter Session of Parliament
Indian insurance industry is expecting legislative measures allowing 100 % FDI and launching new systems like composite license', differential capital', reduction in solvency norms', captive license, change in investment regulations, one-time registration for...
Insurtech firm Zopper raises $25 million in Series D funding round
"The round also saw participation from existing investor Blume Ventures, said Zopper which is also backed by Creaegis, Bessemer Venture Partners and ICICI Venture. Zopper will use this fresh funding to ramp up its digital technology infrastructure, by strengthening...
GIFT IFSC emerging as a global innovative re/insurance market place, says IFSCA chairman
K Rajaraman, chairman, International Financial Services Centre Authority IFSCA’s light touch and principle-based regulations have been aligned to global standards to provide the entities with flexibility to offer products in various classes of business including...
Billionaire Gautam Adani indicted in US for bribery and fraud
Gautam Adani, chairman and founder, Adani Group However, Adani group on Thursday denied charges of paying bribe to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws....
Indian Insurtech sector attracted $ 2.5 bn funding, more investment to flow: Report
(Lto R) Vivek Mandhata, managing director & partner, Boston Consulting Group (BCG) and Arvind Virmani, member, NITI Aayog releasing a report on Indian Insurtech Sector on Wednesday in Mumbai According to report, released by Arvind Virmani, member, NITI Aayog at...
After FM, Irdai chief urges bankers to avoid mis-selling of insurance
“I wish to say this for the due consideration of the bank boards , sale of insurance by banks has raised concerns of instances of mis-selling and I would say this has contributed indirectly to cost of borrowing for the customers . So banks will have to look at this ,...