P. Jaipuria, secretary general, Insurance Institute of India, S.N....
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S&P revises its outlook on GIC Re South Africa to positive from stable
The affirmation of the ratings on GIC Re SA reflects S&P's...
AAIB also probing sabotage angle in Air India plane crash: Minister
Minister of State for Civil Aviation Murlidhar Mohol said the...
IRDAI removes caps on commissions paid to intermediaries within Expense of Management(EOM)
The government last Sunday has notified the new regulations, as approved by insurance regulator IRDAI , on the removal of cap on payment of commission to the intermediaries Oveall limit of Expense of Management(EoM) for the insurers will be fixed by insurance...
Sun Pharma’s income hit by ransomware
While the drugmaker is unable to determine other impacts of the breach, including cost to maintain insurance coverage and possibility of litigation, it said there would be expenses linked to the incident. Mumbai: Sun Pharmaceutical Industries expects revenue to fall...
Medi Assist acquires Raksha TPA, to add approximately 3,000 corporates clients
``This acquisition aligns with Medi Assist's overall growth strategy, and expands our presence in the North and West regions of India and adds approximately 3,000 corporates to our client list. Raksha TPA adds 17 per cent to Medi Assist in terms of scale," said Satish...
IRDAI approves new expense of management for insurers, allows higher intermediary commissions within EOM
New measures to be effective from Apr 1 The IRDAI also approved licenses of two new life players-Acko Life Insurance and Credit Access Life Insurance Hyderabad: With a bit of delay, insurance regulator IRDAI had its last board meeting of the current fiscal, FY2022-23,...
RCAP resolution plan: Roadblock as bidders upset over another auction plan
According to the sources, Torrent has recently conveyed to the lenders that it is not willing to participate in the second round of auction The other bidder -- IndusInd International Holdings Ltd (IIHL) of Hinduja Group -- has also told the lenders that it wants to...
Family ID next big thing for robust delivery of schemes, services in UP: Social Welfare Minister Asim Arun
Family ID is a 12-digit unique identification number carrying details of a family, serving as a central repository of family attributes to automatically determine their eligibility for government schemes and extend benefits to the missing beneficiariesThe database...
ICMR comes up with first ethical guidelines for application of AI in biomedical research, healthcare
The induction of AI into healthcare has the potential to be the solution for significant challenges like diagnosis and screening, therapeutics, preventive treatments, clinical decision-making, public health surveillance, complex data analysis, and predicting disease...
Rise in Covid cases: Govt planning nationwide drill to take stock of hospital preparedness on April 10, 11
The states and UTs have been asked too keep a close watch on the evolving etiologies (causes of diseases) of Influenza Like Illness (ILI) and Severe Acute Respiratory Illness (SARI) cases, adding India usually sees a seasonal rise in Influenza cases from January to...
Man’s insurance claim for car theft rejected for using pvt vehicle for commercial purposes
The Navi Mumbai businessman had also hired out his vehicle, which was against the norms laid down while it was being insured, the firm told the commission Thane: A man's claim for compensation following the theft of his car was rejected by the Thane Additional...
FM reviews PSBs’ performance amid stress in US fin systems; asks bankers to be vigilant about rate risks
Nirmala Sitharaman,Union Finance Minister The finance minister underlined that PSBs must look at business models closely to identify stress points, including concentration risks and adverse exposures, the statement said, adding that she also exhorted PSBs to use this...