Niyam is a reinsurance platform based in GIFT City, connecting...
Category:
Non-Life
Latest
APR1 Renewals: Reinsuers fight hard to survive soft Indian market
Reinsurers have been surprised with the price drop on risk which...
War risks insurers win bid to appeal UK ruling on jets lost in Russia
London’s High Court ruled in June that AerCap can recover just over...
Insurance firm not liable to pay compensation for death of persons driving rashly: SC
A bench of Justices PS Narasimha and R Mahadevan refused to grant 80 lakh compensation sought by the wife, son and parents of a man who died while driving a car at high speed. New Delhi: The Supreme Court has said insurance companies are not liable to pay compensation...
Indian companies paid Rs4 crore on average for cyber attack demands: Report
According to the State of Ransomware in India 2025 report, the median payout towards ransom was USD 481,636 (about Rs 4 crore), down 79 per cent from the previous year. New Delhi: UK-based cybersecurity firm Sophos on Wednesday claimed that 53 per cent of Indian...
SBI General announces awareness campaign for Kharif 2025
SBI General Insurance has launched its ‘Crop Insurance Week’ awareness campaign in the implementing states for Kharif 2025 season. This week-long initiative aims to educate farmers about the benefits of Crop insurance and promote enrollment under the Pradhan Mantri...
Govt modernising weather forecasting system to boost real-time prediction, says Jitendra Singh
Jitendra Singh,Union Minister In charge Meteorology Department Singh elaborated that Automated Weather Stations (AWS) and doppler radars are being added across the region to boost real-time weather prediction. New Delhi: Union Minister In charge Meteorology...
China pushes commercial insurers in bid to boost local biotechs
The 3.5 trillion yuan ($486 billion) fund — which covers medical expenses for roughly 95% of China’s 1.4 billion people — will also set up a catalog of innovative drugs that can be reimbursed by commercial insurers, according to the document. The list could lead to...
Automakers clash with India over ‘aggressive’ emission limits
As automakers and government officials discuss the proposals, the outcome could shape India’s clean vehicle policy for years to come as the country tries to balance climate goals with economic growth and affordability for its 1.4 billion citizens. Automakers are...
India’s auto sector to show weak retail trend in June, flat to single digit growth: Report
While May and June 2025 volumes saw some support from pre-buying ahead of a dual price hike of approximately 2.5-3 per cent, the overall inquiry pipeline across regions, including North India, stayed extremely weak New Delhi: The automobile industry in the country is...
(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch
However, ongoing geopolitical uncertainty, including the Iran-Israel conflict, could lead to increased reinsurance costs and further reductions in capacity that could result in insurers further cutting their exposure. The ruling underscores the need for greater...
GIC syndicate 1947 novates managing agency services to Asta
Ramaswamy Narayanan, CMD, GIC Re Ramaswamy Narayanan, GIC Re chairman and managing director, said: “We are pleased to commence this partnership with Asta as we consider they are best-placed to help deliver the group’s strategy through managing our fully-aligned...
FSIB panel headed by BS Sharma gets one year extension
For insurance sector appointment, Usha Sangwan, former Managing Director, LIC, A.V. Girija Kumar, former Chairman and Managing Director, Oriental Insurance Company Ltd and Sujay Banarji, former whole-time member (distribution), IRDAI, too have been given extension as...