Beazley’s board “has concluded that the financial terms of the...
Category:
Non-Life
Latest
Space Insurance:Govt prepares policy framework for covering 3rd party damages due to Indian Space Objects
A draft “Policy framework and guidelines addressing State’s...
AI Data Center: Staggering $3 trillion of debt to fund the artificial intelligence boom
Not even the world’s biggest technology companies—not Amazon.com,...
Health insurers disallowed claims worth Rs 15,100 cr during FY24
Insurers repudiated claims amounting to Rs 10,937.18 crore (9.34 per cent) while outstanding claims totalled Rs 7,584.57 crore (6.48 per cent), said the annual report 2023-24 of Insurance Regulatory and Development Authority of India New Delhi: Health insurers...
Labour reforms, focus on informal workers, other policies on cards in 2025
The four labour codes on social security, industrial relations, wages, and Occupational Safety Health & Working Conditions (OSH) were passed by Parliament. These can be implemented across the country only when the Centre and states notify the respective rules...
Embracing 2025: Year of Purpose & Opportunities
2024 has been a pivotal year for the Indian insurance industry, marked by significant reforms and policy changes.2025 will be a key year as it will see further movement in industry and government efforts towards the Insurance for all by 2047 vision Four CEOs of the...
Insurtech- For Quick & Seamless Customer Service
Amit Bhandari, Chief Technical Officer at Magma HDI General Insurance The integration of technology in the insurance claims process is not just a trend, it’s evolution. With the combined efforts of insurers, regulator, and government bodies like the National Health...
Baden Baden Reinsurance Meet
After Monte Carlo for the Rendez-Vous de Septembre, held in the second week of September 2024, it was turn of Baden Baden Reinsurance Meet, a key event that sets the tone for the industry, ahead of the crucial January renewal season. This year, it happened during...
Fiery crash kills at least 179 in worst airline disaster in South Korea
The ministry also confirmed the casualties in the deadliest air accident involving a South Korean airline in nearly three decades. Video shared by local media showed the twin-engine aircraft skidding down the runway with no apparent landing gear before slamming into a...
Putin apologises to Azerbaijani counterpart for tragic plane crash incident
An official Kremlin statement issued on Saturday said that air defence systems were firing near Grozny airport as the airliner repeatedly attempted to land there on Wednesday. It did not explicitly say one of these hit the plane. Moscow: Russian President Vladimir...
Cockpit voice recordings point to confusion over instructions by air traffic controllers in Japan Airlines mishap
The recordings, in a report tabled by the Japan Transport Safety Board close to the first anniversary of the Jan. 2, 2024 tragedy, pointed to inconsistencies between the instructions by air traffic controllers to the pilots, and the subsequent actions by the cockpit...
NHPC’s 2000MW Lower Subansiri project in Sikkim incurred loss of Rs 1 075.97 cr due to flash floods
The company in a regulatory filing said that the amount of damage caused by flash flood occurred on October 4, 2023 was to the tune of Rs 1,075.97 crore, which has been reported to the insurer New Delhi: State-run hydro power giant NHPC on Thursday said the flash...
Doha Insurance Group to set up reinsurance business in Gift City
Doha Insurance Group(DIG) is currently working on completing the necessary procedures and obtaining the required regulatory approvals for Gift City project from the Qatar Central Bank and the other regulatory and supervisory authorities in the Republic of India, said...