Tuhin Kanta Pandey,Chairman,SEBI In his statement on Monday,...
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Finance Ministry notifies 100 pc FDI in insurance sector, amends FEMA Rules
While 100 per cent foreign investment will be allowed in insurance...
West Asia Conflict:Govt invokes force majeure, grants 4-month contractor relief
Under the revised guidance, contracts with completion deadlines on...
Riskcovry launches first Model Context Protocol server as a distribution platform
Riskcovry, an insurtech infrastructure platform, has launched the country’s first Model Context Protocol (MCP) server for India's insurance sector. A dedicated infrastructure designed specifically for insurance distribution use cases, the MCP server allows...
AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson
Lavanya R. Mundayur, CMD, Agriculture Insurance Company Crop insurance isn't just a business—it's a developmental tool for the entire rural ecosystem. It demands long-term commitment, timely claim settlement, use of technology for risk management, and a deep...
Northeast flood situation critical toll rises to 36 over 5.5 lakh affected
In Assam, more than 5.35 lakh people were affected by the deluge in 22 districts as the death toll increased by one to reach 11, while 15 rivers were flowing in a spate.In the current wave of floods and landslides across the northeastern region, Assam reported the...
Liberty General to pay motor damage claims due to Operation Sindoor
In the aftermath of the recent cross-border shelling during Operation Sindoor, Liberty General Insurance has become one of the first insurers to offer on-ground support and approve ex-gratia settlements for vehicle damage—even though such events fall under standard...
Lloyd’s announces a new Executive Team
Commenting on the appointments, Patrick Tiernan, Lloyd’s Chief Executive. said: “We will work at pace to deliver on the market’s short-term priorities. We will also work closely with Council to develop a long-term vision for the Corporation, that will strengthen and...
Aon appoints Andy Marcell to serve as CEO of Global Solutions
Andy Marcell Marcell will remain as CEO of Reinsurance until John Neal joins Aon on September 1, 2025, and continue to report to Aon President and CEO Greg Case and serve on the Aon Executive Committee. DUBLIN: Aon plc has appointed Andy Marcell to serve as CEO of...
Govt clears appointment of Sanjay Joshi as CMD of Oriental Insurance
Sanjay Joshi, CMD-designate, Oriental Insurance Company Joshi, who will get a tenure till 31 Aug,2027, will take over his new charge on Tuesday New Delhi: The government on Monday has cleared the appointment of Sanjay Joshi,57, general manager, United India Insurance,...
India’s health insurance sector faces growth and profitability challenges: Report
Another concern is the rising cost of claims. The report explained that after COVID-19, there has been a shift in focus toward critical illnesses like cancer and heart conditions. This has led to higher claim frequency and severity, putting additional pressure on...
3 PSU general insurers need Rs 152-170 billion to achieve a solvency ratio of 1.50x in FY 2026, says ICRA
“Gross domestic premium income(GDPI) growth is expected to improve in FY2026 supported by pricing discipline in commercial lines and low base, continued growth in health and increase in vehicle sales vis-à-vis FY2025. Private insurers are expected to expand their...
Rising Resilience: With Rs154 cr net profit in Fy25,United India unveils strategies to push growth and profitability
``Focus is on to tapering down the loss ratios especially in Motor, Health and increase the profit element to further strengthen the balance sheet and improve the solvency. The long-term vision is to generate surplus in core operations and maintain a healthy...