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DFS Secretary Nagaraju reviews functioning of PSU general insurers
M Nagaraju,secretary,DFS Nagaraju emphasized that PSICs should...
Indian Health Survey: Significant increase in healthcare access across country
The median out-of-pocket medical expenditure per hospitalisation...
Aon hires 2 professionals to build up its data center expertise
Stephen Fox has joined Aon as a Managing Director, focusing on the firm’s digital infrastructure strategy, and Brian Hearst has been appointed Global Digital Infrastructure Builders Risk Leader Dublin: Global re.insurance broker Aon plc today announced two senior...
LIC,New India and GIC Re remain as Domestic Systemically Important Insurers in FY26:IRDAI
D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system. D-SIIs are subjected to enhanced regulatory supervision...
Insurers have to submit compliance reports on checking “dark patters” in 15 days:IRDAI
Wherever non-compliance is found, an action plan with timelines for removing the dark patterns has to be submitted within one month, said the IRDAI. Dark patterns involve using design and choice architecture to deceive, coerce, or influence consumers into making...
New India names new CRO and CUO
New India Assurance has appointed Mary Abraham as its chief risk officer from today .Abraham is serving as one of the general managers of NIA and is having more than 35 years of experience in the insurance industry. She has handled diverse roles across various lines...
SC orders TN police to form SIT for probing criminal lapses by National Insurance in a motor accident fraud claim case
The SC Bench comprising Justices Ahsanuddin Amanullah and R. Mahadevan issued the order after questioning the conduct of NIC for not initiating criminal proceedings despite asserting that the policy in question was fabricated. New Delhi:The Supreme Court of India has...
Apr1 Renewals:India’s loss-free excess of loss business saw price reductions exceeding 20%, says Guy Carpenter
Atish Suri, CEO India, Middle East & Africa, stated,"In the India and Middle East markets, we are seeing a strong commitment from reinsurers to maintain coverage despite the complexities posed by ongoing conflicts.'' In terms of Apr 1 renewal outcomes, India and...
Peak Re ends 2025 with a $2.2 billion gross premium and net profit of $189 million
During 2025, the growth of Peak Re was primarily driven by the continued deepening of its global diversification strategy. It strengthened its presence in high-growth emerging markets such as India, while further expanding its penetration in the mature markets of...
IRDAI forms joint expert group under Rajay Sinha for developing Ind As norms
Rajay Kumar Sinha member, Finance & Investments Indian Accounting Standards (Ind AS) is getting implemented from Apr 1 Hyderabad:In a bid to manage the technicalities for implementing Indian re/insurers to impement Indian Accounting Standards (Ind AS), which is...
Apr1 Renewals: Reinsurance buyers in APAC secure double‑digit rate reductions, says Aon
Global demand for reinsurance increased by approximately 10 percent at the April 1 renewal, as buyers used favorable market conditions to secure more comprehensive protection, with some expected to return to the market post‑renewal to explore additional purchases. In...
PE firm JC Flowers picks up majority stake in Bobby Swarup’s Niyam Group
Niyam is a reinsurance platform based in GIFT City, connecting global capital with opportunities in India and other high-growth markets. Niyam Syndicate 2047 at Lloyd's will support the development of the Indian reinsurance market in alignment with India's Vision...