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IRDAI:Govt appoints Girija Subramanian as member, Distribution, Dinesh Pant as member, Actuary
Girija Subramanian, CMD, New India Assurance Besides, the tenure of...
Road accidents in India claimed 1.77 lakh lives in 2024
Amongst states, the report said Tamil Nadu reported the highest...
SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel
The bank was also ordered to pay Rs 10,000 for mental agony and litigation costs.As per the complainant, her husband had an account with the bank's Tri Junction Cantonment area in Nagpur. She stated that insurance protection up to Rs 5 lakh was being provided to the...
IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon
The IRDAI's board in its recent meeting had deliberated the issue and approved drafting and publishing the draft regulations on the proposed Indian Risk Based Capital Framework for stakeholder consultation.The issues which need to be addressed before launching RBC in...
IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life Insurance sector, persistent rise in complaints signals systemic service issues.Health and motor claims are key drivers, highlighting growing policyholder friction and the need for targeted corrective...
Willis launches integrated risk and insurance solution for carbon capture
Charlotte Watts, Head of Energy and Mining in Asia, added, “Carbon Capture, Utilisation and Storage (CCUS) takes a strategically critical role in Asia's decarbonisation pathway as well as its energy strategy. At Willis, we have developed a proprietary CCS insurance...
IRDAI approves incorporation of Jio Allianz General Insurance
Jio Finance to invest an amount of Rs. 4.95 crores towards initial subscription of 49,50,000 equity shares of face value Rs. 10/-each for 50% stake Mumbai:After finalising joint venture agreement with Allianz Europe B.V (Allianz) to form a domestic general insurance...
AI-enabled systems introduced by IMD to provide hyper-local weather forecasts: Jitendra Singh
Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences,said India has witnessed nearly 40 per cent improvement in forecast accuracy for severe weather events during the recent decade compared to the previous decade....
Nagaraju launches $1.5 bn Bharat Marine Pool,hands over policies issued by New India
L to R-Sanjay Lohiya,special secretary, Department of Financial Services(DFS), M. Nagaraju,secretary, DFS, officials from Vedanta Sterlite and Balram Chini Mills, Girija Subramanian,CMD, New India Assurance, Kasturi Sengupta, secretary general, GI Council, Hitesh...
Hormuz tensions trigger navigation signal disruptions for ships
Increased levels of signal jamming can complicate analyses of real-time traffic data in the Gulf and the Strait of Hormuz, which is crucial to understanding energy flows. Geolocation data for some ships in the Persian Gulf showed locations and speeds that defied...
New India’s net profit jumps 61% to Rs558 crore in Q4FY26
`` We have an excellent financial results during FY 26. The profit after tax improved by 40 per cent for the year and 61 per cent for the 4th quarter. The Indian business grew faster than the industry, and the company’s market share increased from 12.56 per...
West Bengal to implement Ayushman Bharat and PM Fasal Bima Yojna:New CM Suvendu Adhikari
Suvendu Adhikari,Chief Minister,West Bengal Adhikari announced in a press conference that Bengal would now become part of the Ayushman Bharat scheme, alongside multiple other central welfare projects – like PM Jan Arogya Yojna, PM Fasal Bima Yojna offering crop...