The plea sought a direction to the Centre to declare standards on...
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Zurich Kotak General Insurance launches SMEs solutions on digital platform
Zurich Kotak General Insurance is leveraging Zurich’s...
New US sanctions bill on Russia puts India in a bind
"Tariffs of up to 100% would punish Indian exporters and American...
UK based re/insurance broker BMS sets up Global Capability Centre in Mumbai
Nick Cook, Group CEO, said: “The opening of our GCC in Mumbai is more than an operational milestone. It is a platform for building the data and AI capability that will help BMS serve clients better and compete more effectively. India has extraordinary professional...
46 drug samples manufactured by various firms to be “not of standard quality
Identification of drug samples as NSQ is done based on failure of the drug sample in one or the other specified quality parameters. The failure is specific to the drug products of the batch tested by the government laboratory and it does not warrant any concerns on...
Govt prepares contingency plans for 315 districts as monsoon falters
The India Meteorological Department defines average, or normal, rainfall as between 96% and 104% of a 50-year average of 87 cm (35 inches) for the June-September monsoon season. The state-run weather office last month forecast an El Nino-weakened monsoon in 2026...
Tata Electronics hit by cyber breach, Apple, Tesla trade secrets exposed
"A few weeks ago, Tata Electronics identified a cybersecurity incident on some of our systems. Our response protocols were deployed immediately, and the incident has had no impact on our operations across businesses, which remain unaffected," Tata Electronics told...
Policybazaar launches Health Claims Experience Index
Sarbvir Singh, Joint Group CEO, Policybazaar, said, "The HCX™ Index is an attempt to bring greater transparency and customer-centricity to this aspect of health insurance by creating a common benchmark for measuring claims experience.Health insurance ultimately proves...
Repo Deals, G-Sec Lending: IRDAI recasts insurers’ investment playbook
In a significant change, insurers would be allowed to invest a portion of their shareholders' funds in private limited companies. Such investments, however, will be capped at 5 per cent of the shareholders' funds available beyond the solvency margin and will be...
Insurance intermediaries must report big commission payments, Publish details online: IRDAI
In a move aimed at strengthening oversight of sales practices, IRDAI has proposed that every branch of a Corporate Agent designate at least one Specified Person (SP) responsible for supervising solicitation activities at that location. The regulator has also proposed...
IRDAI constitutes expert panel to chart AI roadmap for insurance sector
The panel, chaired by Sandeep K. Shukla, director of IIIT Hyderabad, will examine AI's impact on insurers, policyholders and the broader insurance ecosystem, with a particular focus on ethical adoption, transparency and data security. Hyderabad:Insurance regulator...
ICICI Lombard General to act as Lloyd’s local partner in India
Under this new agreement, ICICI Lombard will issue local policies on behalf of managing agents for selected lines of business. Managing agents can request local policies through the Multinational team, who will coordinate directly with ICICI Lombard to produce the...
Public Insurance Registry:IRDAI ropes in former bureacrat Prakash Kumar as sr advisor
The regulator believes PIR could address one of the insurance sector's most persistent challenges: fragmented data scattered across insurers, making it difficult for policyholders to access their records seamlessly and for regulators to obtain a comprehensive view of...