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FSIB selects Hitesh Joshi as new CMD of GIC Re
Hitesh Joshi,executive director & acting CMD, GIC Re ``Keeping...
Andamans: Helicopter carrying 7 crashes into sea, all rescued
All five passengers and the two crew members, rescued from mid-sea,...
GIC Re set to expand its global business in Jan1 renewals
Globally reinsurance buyers enter the January renewal season with strong momentum. Exposures are evolving, demand is growing, capacity is abundant backed by industry capital is at record levels. Despite lingering headwinds, the market is well-positioned to support...
RBI faults Indian insurers’ high-cost distribution strategies
Premium growth in the Indian insurance industry has been increasingly driven by high-cost distribution-led strategies rather than operating efficiency. In non-life sector, commission growth has significantly outpaced other operating expenses, the RBI said mentioned in...
Domestic reinsurance capabilities through regulatory incentives need to augmented:RBI
In its Financial Stability Report, the central bank has cautioned the growing reliance on cross-border reinsurance suggests that the domestic market’s capacity may not be keeping pace with the specialized or large-scale risk transfer needs of Indian insurers,...
Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part of the total expenses of the general insurance industry, said the IRDAI in its annual report of 2024-25 For the life insurance sector, total commission outgo increased by 18 per cent (whereas the total...
Surgeon in Shanghai remotely operates on 2 patients at Mumbai hospital
The surgeries, a radical prostatectomy and a partial nephrectomy, were conducted recently using the Toumai Remote Robotic Surgery System at the patients admitted at Kokilaben Dhirubhai Ambani Hospital (KDAH) in Mumbai's Andheri area, said the multispeciality...
Centre in consulting with stakeholders on lateral entry requirement impact:DoPT Secretary
Asked if the government was considering forming new rules and procedures on lateral entry recruitment, she said if something comes up in the course of consultation with the ministries and departments, and if there are any requirements on making some modifications and...
Govt releases white paper on democratising access to AI infrastructure
The white paper highlights key enablers aligned with India’s AI governance vision, including expanding access to high-quality, representative datasets; providing affordable and reliable computing resources; and integrating AI with Digital Public Infrastructure (DPI)....
Investors’ wealth surges by Rs30.20 lakh cr in 2025 as stock markets post decent gains
"Despite outflows continuing to be an issue for foreign investors, the resilience of the market was demonstrated. One of the key drivers for the Indian market in 2025 has been the presence of robust domestic investor support," Nitin Rao, CEO, InCred Wealth, said. New...
JSW MG Motor India announces an industry-first extended assured buy back program for its EVs
“With our industry-first MG Value Promise Program (Assured Buyback), facilitated by Lockton India Insurance Broking and Advisory in partnership with Zuno General Insurance, we now offer an assured resale value where a customer has option to choose the tenure from 3 to...
India poised to become 3rd-largest economy with GDP of $7.3 trillion by 2030:Govt
“India is among the world’s fastest-growing major economies and is well-positioned to sustain this momentum. With the ambition of attaining high middle-income status by 2047 -- the centenary year of its independence -- the country is building on strong foundations of...