British individual and workplace health insurers paid out a record...
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First bond to insure against cyber attacks issued
Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond,...
After Munger’s death, Berkshire succession comes into focus
Ajit Jain,Vice Chairman, Insurance Operations, Berkshire Hathaway...
US warns of evolving threats to ships sailing in Red Sea
Most insurers already charge extra premiums for sailing through those waters and those charges could increase further if the attacks continue, according to Munro Anderson, head of operations at Vessel Protect, a specialist marine war risks underwriter A spate of...
Automobile retail sales soar to record high in festive season this year: FADA
''Record-breaking sales were reported in several categories, with rural areas particularly contributing to the surge in two-wheeler purchases,'' Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said New Delhi: Driven by robust...
Sitharaman to address global reinsurance meet in Mumbai on Thursday, to promote India as a global reinsurance hub
The power packed event will be addressed by Vivek Joshi, secretary, Department of Financial Services, Debasish Panda, chairman, IRDAI, K. Rajaraman, chairperson, IFSCA, Hasmukh Adhia, chairman, GIFT City, Siddhartha Mohanty, chairman, Life Insurance Corporation New...
Spiraling climate costs make insurance unaffordable for some Australians
Over a million households now face home insurance affordability stress, As a growing number of people dump or scale back their insurance, a “protection gap” is emerging, said Andrew Hall, head of the Insurance Council of Australia Increasing numbers of Australians are...
Private general insurers expand market share to 53.58 pc in H1’FY24
According to the Irdai data, up to September 2023 health insurance was the largest non-life segment followed by motor (total) and crop insurance New Delhi: Private general insurers increased their combined market share to 53.58 per cent in gross direct premium...
Universal Sompo General Insurance records 47% growth in TN under PMSBY scheme
Universal Sompo General Insurance, a partner of the Centre's Pradhan Mantri Suraksha Bima Yojana, insured 21 lakh people in Tamil Nadu in the first six months of the current financial year under the scheme, the company said on Sunday. The Mumbai-headquartered company...
Bengal to go tough on sale of antibiotics without prescription
“Rampant use of antibiotics has become a vicious circle. Once certain drug-resistant bacteria for a certain level of antibiotics are developed in the human body, people are resorting to stronger dosage to antibiotics. This circle is resulting in the growth of multiple...
PSU insurers’ shares see sudden spurt on Friday
After lying low in recent years, on Friday GIC Re's share price has risen by 15 per cent to Rs 304.45 while NIA's scrip has gone up by 20 per cent to Rs 209. LIC's share gained 10 per cent and closed at a monthly high of Rs 678 on Friday Mumbai: Though , Sensex fell...
Customer data with account aggregators completely safe in India: Sitharaman
“There is a need for insurance companies to become a lot more tech-ready and through technology, but because insurance is such a sentimental matter. You still need a human interface. Insurance companies will have to adapt technology, bring in more personnel, who can...
Liberty General launches insurance campaign in Delhi
Liberty General Insurance has commenced an 'Suraksha ka Vaada, Bima ke Saath' to bolster insurance awareness in Delhi. Parag Ved, CEO & Whole Time Director, Liberty General Insurance said, ''As the lead insurer for Delhi, we are poised to work in collaboration...