Ajay Seth, Chairman, IRDAI Defending the regulator’s sweeping...
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Bharat Maritime Insurance Pool issues 3000 Cargo War, 92 Hull War-risk and 3 P&I policies, War-risk prms fall by 35–40%
Also,for the first time, Indian companies are insuring Indian ships...
5 Yrs of PM-Jay:60 cr beneficiaries,13 cr hospital admissions, Rs 2 lakh cr spent on treatments, says Nadda
J P Nadda,Union Health Minister Dr M Srinivas, Member (Health),...
Drought declared in three-quarters of India’s richest state, Maharashtra
The declaration in Maharashtra came after the national weather department forecast India would end its annual monsoon season with a rainfall deficit, threatening farmers' livelihoods. A stronger-than-usual El Nino climate phenomenon, which typically brings drier...
Insurance brokers body to engage IRDAI soon over proposed distribution reforms
L-to-R- Functionaries of Insurance Brokers Association of India- Rashmi Iyer, director,Nirmal Bazaz, secretary, Narendra Bharindwal, president- at the AGM of the association in Mumbai on Saturday “We are carefully reviewing the consultation paper to fully understand...
Trump rejects Iran’s 7 day ceasefire proposal, prepares for military escalation after US Midterms: Report
According to the report, which quoted US officials, the US President has told aides he expects to resume bombing Iran after the November midterms. This follows his open threat of annihilating Iran made during his speech to the UN General Assembly earlier this week....
Interconnected Risks: AI and supply chains open new pathways to systemic stress, find Swiss Re and LSE
Ivan Gonzalez, chief executive officer of Corporate Solutions at Swiss Re, said: "A company may look diversified until you discover that its suppliers, technology providers and customers depend on the same infrastructure. One disruption can therefore affect more parts...
Keralam govt forms panel to roll out Oommen Chandy Health Insurance Scheme with Rs 25 lakh cover
V.D. Satheesan,Chief Minister, Keralam Three insurance-sector veterans have been appointed as expert members: Girish Radhakrishnan, former CMD of United India Insurance Company, P. J. Joseph, former CMD and former Member (Non-Life) of IRDAI; and K. Sanath Kumar,...
Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk
“This new platform will enhance the value of the broker-client relationship by equipping our brokers with data-driven insights and greater efficiency. This gives them more time to deliver tailored insurance solutions that reduce our clients’ total cost of risk,...
Future of Claims Management: Simplified, smarter and seamless for general insurance customers
The ability to submit claims through dedicated microsites or mobile apps can slash claim intimation lead times and help insurers in subsequent claims processing without the need to deploy additional human resources. Varsha Gujarathi, Chief Customer Officer, Universal...
Canopius strengthens APAC Underwriting and Claims capabilities with 3 key appointments
The appointments reflect Canopius' ambition to continue building market-leading specialty underwriting and claims capabilities across APAC. Singapore: Canopius Group, a leading global specialty and P&C (re)insurer, today announced the appointments of Richard...
HC can enhance compensation even without claimant appeal: Lucknow bench
The court made the observation while dismissing an appeal filed by the National Insurance Company Ltd against an award of the Faizabad Motor Accident Claims Tribunal. The tribunal had awarded ₹7.20 lakh to the family of one Sabhajeet Tadmali. The high court enhanced...
Insurance and bank stocks erase $14 billion on IRDAI’s fee cap plan
PB Fintech, which owns Policybazaar, plunged as much as 34%, while Turtlemint dropped 20%. Shares of HDFC Life, Bajaj Finserv, the holding company for Bajaj Life and Bajaj General Insurance and Max Financial Services, the holding company of Axis Max Life Insurance...