Bima Sugm will be officially called as Rashtriya Bima Sugam Nigam...
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India’s navy takes control of bulk carrier hijacked by Somali pirates and evacuates crew
Activity from Somali pirates has dropped in recent years, but there...
Swiss Re’s Thorsten Steinmann to succeed Michael Pickel at Hannover Re
Thorsten Steinmann joins from Swiss Re, where he was most recently...
Indian insurance industry receives Rs 54,000 crore FDI since December 2014: DFS Secy Joshi
Financial Services Secretary Vivek Joshi said that the Assets Under Management (AUM) nearly tripled to Rs 60.04 lakh crore as on March 31, 2023 as compared to Rs 21.07 lakh crore in 2013-14, while total insurance premium recorded more than two-fold jump to Rs 10.4...
Anand Roy, MD & CEO of Star Health Insurance said, “This is a pivotal step in our expansion strategy, extending our reach beyond Indian borders and providing seamless access to our health insurance offerings for Non-Resident Indians (NRIs) and the global Indian...
Centre seeks more time to frame policy on online sale of medicines, Delhi HC grants ‘last opportunity’
The high court, which was hearing several petitions seeking a ban on the "illegal" sale of drugs online and challenging the draft rules published by the ministry to further amend the Drugs and Cosmetics Rules, listed the matter for further hearing on July 8 New Delhi:...
India’s universal health insurance plan achievable, says Devi Shetty
Devi Prasad Shetty, Founder and Chairman of Narayana Health This universal insurance program, according to Devi Shetty hasn't happened because of an inherent trust deficit between stakeholders -- insurance companies, hospitals, and patients New Delhi:India is poised...
FSIB to select CMDs of New India and United India on Mar 20-22, AIC’s Girija S top contender for NIA
This is also for the first time that a serving CMD of a PSU entity is again appearing for the interview to be selected as a CMD of another PSU insurer. Earlier, there were instances, where CMD of one PSU general insurer had been shifted another PSU general insurer...
Govt forms VK Paul panel to review Ayushman Bharat scheme
The National Health Authority(NHA), implementing agency of the scheme, in its letter issued on Mar,8 has, outlined 10 broad areas on which the panel has to formulate suggestions within the next 45 days New Delhi: Even as the government is now planning further...
Cyber Attack/Data Breach is top business risk for India Inc, Aon Survey
Jon Pipe, CEO and principal officer of Aon India Insurance Brokers Notably, only three of the top five current risks in India are insurable, and less than half of the overall top ten are uninsurable at present MUMBAI: The 2023 edition of Aon’s biennial survey found...
Lloyd’s to collaborate with Bermuda Monetary Authority to foster innovation and education access
The Lloyd’s Lab programme provides a 10 week fast tracked incubator to enable an environment where great ideas can develop into practical outcomes, with the support of industry experts. The programme sees experienced individuals and teams bring forward creative and...
Royal Sundaram General partners with Dvara KGFS
Royal Sundaram General Insurance has announced a partnership with Dvara KGFS, a private limited company headquartered in Chennai, Tamil Nadu. This collaboration will provide customers of Dvara KGFS with access to a comprehensive suite of Royal Sundaram’s general...
Nord Stream sues insurers in London over 2022 pipeline blasts
Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London’s High Court last month LONDON: Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in...