Aurm, a Bangalore based firm securing vault services, has announced...
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SBI Gen unveils first industry-wide policyholder servicing e-platform
Kishore Poludasu, MD & CEO, SBI General Insurance This platform...
WTW announces market first facility for cargo and war-on-land risks in Ukraine
Sam Warnes, Director Marine Cargo commented, “This facility...
SC to revisit its order making PUC certificate mandatory for Motor TP cover
“Prima facie, we are of the view that a right balance will have to be struck for ensuring that vehicles remain compliant with PUC norms but, at the same time, all vehicles must have third party insurance,” the bench said New Delhi: The Supreme Court on Monday said...
Catastrophe models underestimate climate risks, find out investors
Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new breed of risk stemming from high-frequency events such as wildfires and thunderstorms,...
Russia certifier steps in after India drops safety cover for sanctioned ships
Major insurers and ship engine makers have already withdrawn cover for Russia’s tanker fleet, which Moscow is relying on to maintain the country’s oil trade after Washington and its allies including the European Union imposed a raft of sanctions for its invasion of...
South Africa’s Ramaphosa to sign health insurance bill into law just before electio
The law aims to provide healthcare to millions of poor citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule. Johannesburg: South Africa's President Cyril...
Mumbai hoarding collapse: 8 dead, 64 injured, Case of culpable homicide to be lodged
"There will be an investigation regarding what kind of permission they have for this hoarding, whether they had this permission or not. The CM has directed that a proper audit of all the hoardings in Mumbai be done by the BMC to mitigate such incidents in the future....
TATA AIG General launches India’s first satellite in-orbit 3rd-party liability policy
The Indian space industry is experiencing phenomenal growth, with a projected market size reaching into the tens of billions. With the privatisation of space launches, India targets a five-fold increase in its global launch market share, projected to reach $47.3...
ADB’s $1.70 mn study to develop multi-hazard early warning system for glacial lake outburst floods(GLOFs) in Himalayan region
Pushpendra Johari, senior vice president, sustainability, RMSI ``There's some progress in the case of GLOF, with studies emerging and consultations sought from experts like in the case of Nepal. ADB study for Bhutan and Nepal will include climate and disaster...
White House wants cybersecurity standards on hospitals
The proposal may extend beyond hospitals too. The administration intends to issue a notice of proposed rulemaking in coming weeks to bring in minimum cybersecurity requirements for entities that receive money from Medicare and Medicaid, according to a US official, who...
China Construction Bank sued in U.S. over reinsurance fraud losses
The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...
IRDAI approves Hinduja group’s new plans to take over Reliance Capital, deal to close by May 27
Ashok Hinduja, chairman, IndusInd International Holdings Limited , The IRDAI's clearance for the deal has come now and with the IRDAI's approvals in place, it is possible to stick to the earlier dead line of May 27 for the completion of acquisition of RCL, with two...