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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...
Maritime Safety: New risks and challenges for Shipping Industry
“Although recent sanctions are making it harder for these vessels to trade, the shadow fleet continues to pose a serious risk to maritime safety and the environment, as many are likely to be older vessels that are poorly maintained and inadequately insured. In case of...
GIC Re’s net profit falls 17 % to Rs 2,183 cr, gross premium rises 20 % to Rs 10,367 cr in Q4FY25
GIC Re board, which met on Monday to finalise its results, has declared a record dividend of Rs 10 per share(or 200 per cent) with a face value of Rs 5 Mumbai: With higher underwriting losses and combined ratio , state owned GIC Re’s net profit has fallen by 17...
Enable, Embed and Evolve: 3 essential phases of AI transformation in a customer-centric enterprise
“Insurance leaders need a clear strategy to unlock value and achieve AI driven transformation and achieve long-term success, one that involves not only integrating AI into their existing systems but also fostering a culture of innovation and adaptability. By doing so,...
6 general insurers hit with over Rs 2k crore losses as fire destroys Nashik manufacturing plant of Jindal Poly Films
The insurers, who have provided the cover for the plant are- National Insurance Company(38 per cent), Reliance General Insurance(23 per cent), Oriental Insurance Company (12 per cent), Iffco Tokio General Insurance(12 per cent), United India Insurance(10 per cent) and...
Reliance General Insurance posts 12.5 rise in net profit to Rs 315 cr in FY25
Hinduja owned IIHL, which acquired Reliance Capital through the insolvency process in March this year, infused Rs 100 crore in May 2025 in the general insurance company reinforcing its financial strength and growth momentum New Delhi: Reliance General Insurance, an...
Trade disruption and economic shocks push up political risk cover by 30% globally, says Howden report
Matthew Strong, Deputy CEO, Howden CAP and Head of Credit and Political Risk, commented: “ With demand for CPRI protection rising, now is the time for the market to step up even further. This will enhance global economic growth by increasing commitments and...
Cloudburst in Himachal’s Rampur triggers flash floods, washes away 5-6 vehicles
Anni MLA Lokender Kumar said, "Due to heavy rain here along with hailstorm, a cloud burst took place last evening. 5-6 cars have been swept away, and around 24-25 cars are damaged. People are facing a lot of difficulties here. I would request the PWD and revenue...
74% employees prioritise long-term benefits over bigger paychecks: Report
Around 74 per cent of employees interviewed stated that they would choose a slightly lower salary in exchange for stronger long-term benefits such as health insurance, retirement planning, and education support, a report by staffing solutions and HR services provider...
Acko General Insurance penalised Rs 1 cr by IRDA for violating regulations
According to the IRDAI order, even where outsourcing is given to an intermediary, the insurer retains the responsibility for all regulatory obligations and proper due diligence and monitoring of the outsourced service provider and the services provided Hyderabad/...
Recent rainfall unlikely to damage major crops will boost production: Agriculture Secretary
"No damage has been reported so far due to sudden rainfall. It will benefit summer (zaid) crops such as moong, maize and paddy," Agriculture Secretary Devesh Chaturvedi New Delhi: The recent rainfall following extreme heat conditions across parts of the country has...