16 Grievance Redressal Camps will be organised across the country...
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Star Health settles over ₹780 crore in cancer claims in H1 FY27
Women accounted for approximately 60% of these cancer claims, with...
Amit Bhandari appointed as MD&CEO of Universal Sampo General Insurance
Amit Bhandari. MD&CEO, designate, Universal Sampo General...
Cyberattacks on supermarket freezers across Europe raise physical loss risks: MS Amlin
“Hospitals, hotels, pharmaceutical and vaccine cold chains, and food manufacturers could all face comparable exposures. The common thread is that many operational systems were built to run for decades and were only later connected to the internet to enable remote...
IRDAI urges insurers to adopt face authentication
Insurers were told to avoid forcing visitors to their website to part with personal details such as mobile number, as a condition for getting access to information or generating a quote. Hydearabad: A workshop on Aadhaar Authentication, DigiLocker and Dark Patterns...
Chouhan asks officials to draw up strategy on drought, cyclones, erratic rain
Shivraj Singh Chouhan,Agriculture Minister "Formulate a concrete strategy in the best interest of farmers," Chouhan directed the officials, emphasising that the government must approach the farmers' crisis with the utmost sensitivity, ensuring that there are no...
Binance’s $6.3 Billion Hack: How Crypto insurance works
When a crypto exchange suffers a hack, losses can be covered through a combination of insurance payouts, the company’s own capital and emergency funds set aside to compensate customers. Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist,...
Create a culture of addressing policyholder grievances proactively, Seth urges insurers
Ajay Seth, Chairman, IRDAI The Indian insurance industry has made significant progress in expanding coverage, but the number of unresolved grievances remains a concern. As on 31st March, 2026, approximately 2.21 lakh cases were pending before Consumer Commissions and...
Nat Cat claims pull GIC Re’s net profit down 14% to Rs 2456 cr in Q2FY27, Prm rises 17% to Rs 11,228 crore
``At GIC Re, underwriting discipline remains our main anchor. We will continue to balance competitive positioning with prudent risk selection to support our cedants dependably. For our domestic portfolio, we maintain our commitment to market stability by ensuring...
New India focuses on underwriting, technology for profitable growth: CMD
“Q2FY27 has been one of the most challenging quarters for the company in recent times, more so while succeeding another equally challenging one for the entire industry,” said Dr Lavanya R. Mundayur, CMD, New India Assurance. Mumbai: Dr Lavanya R. Mundayur, CMD, New...
Uttarakhand Chopper crash: All 6 on board have died,insured with New India Assurance
The ill fated helicopter has been insured by state owned New India Assurance. The value of the crashed helicopter is around Rs 25 crore, said market sources. Most of the claim amount which will be paid by NIA will be recovered from reinsurers including GIC Re, said...
Calibrating commission caps key to widening insurance coverage: Report
Chhavi Singh, Associate Partner, Redseer Strategy Consultants, said, “As the IRDAI finalises the framework, comparing channels on their total cost of acquisition, supporting verified first-time buyers wherever they live, aligning renewal limits with servicing needs...
MACT awards total compensation of Rs 1.3 cr to two men killed in 2022 road accident
Although the insurance company contested its liability by arguing that the offending vehicle lacked a valid permit at the time of the crash, the tribunal held that the insurer must satisfy the award first and then recover the amount from the vehicle owner. Mumbai:The...