In practice, the target will require an 85% emissions reduction...
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Missile fire hinders Middle East rescue flights as airspace edges open
While major carrier Emirates said on Friday it was targeting “a...
More tankers come under attack as US-Iran conflict spreads in the region
Around 200 ships, including oil and liquefied natural gas tankers...
Magma General Insurance partners with Toyota Tsusho Insurance Broker India
Magma General Insurance has announced a strategic partnership with Toyota Tsusho Insurance Broker India that will distribute Magma’s comprehensive motor insurance products for private and commercial passenger vehicles through its 150 dealer network. Rajive...
UK’s financial regulator to relax rules for pushing insurance to large companies
The changes aim to better differentiate big corporates from smaller businesses that take out insurance, the Financial Conduct Authority said in an emailed statement on Wednesday. The move would “ease the burden on firms insuring larger businesses that can manage risks...
Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers
It has secured regulatory approval to operate as a corporate agent and will soon begin distributing Health, Life, and General Insurance products on its platform for its customers, said Apollo HealthCo CEO Madhivanan Balakrishnan. All plans will be bundled with...
Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the APAC region, the protection gap was much higher with 95 percent of the losses not covered. Increases in population density in coastal areas, wealth and overall exposure to natural hazards in high-risk...
India approves 3 more Russian insurers to provide marine cover
With the granting of the permits to Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance Company, India now recognizes eight Russian entities that are eligible to provide protection and indemnity (P&I) coverage for ships. New Delhi: India has approved...
Need to further strengthen financial inclusion initiatives: FM Sitharaman
Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has enrolled 23.36 crore individuals. During the decade, the scheme processed 9,37,524 claims, of which 9,05,139 claims were successfully disbursed, releasing a total sum of Rs 18,102.78 crore. New Delhi:...
Exploring key trends in Indian used car valuation
The Indian used car sector demonstrates constant evolution under the influence of three key factors: economic conditions, fuel costs, and consumer taste patterns. Valuing a used car in India requires more than a single universal procedure. Different market...
Pakistan-allied hackers launched 15 lakh cyber attacks on Indian websites; only 150 successful
In a report titled "Road of Sindoor", prepared under the military operation launched by the Indian armed forces under the same name against terrorists, the state's nodal cyber agency has detailed the cyber warfare launched by Pakistan-allied hacking groups. According...
Shriram General Insurance Q4 profit up 8% to Rs 130 cr
Looking ahead, Shriram General Insurance Company MD and CEO Anil Aggarwal said, "We are focused on diversifying our portfolio, expanding our digital capabilities, and enhancing our presence in underserved markets. We believe our strategic initiatives are designed to...
Re/insurers keep a close watch on elevated Indian risks
Industry sources have said risk perception of Indian market has remained at an elevated level as the government has pronounced any act of terror from Pakistan soil will be considered as an act of war which will impact how terror covers and claims are dealt with in...