India’s foreign ministry spokesperson, Randhir Jaiswal, said...
Category:
Non-Life
Latest
Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re
``According to our modelled peak-loss scenario, insured losses...
Nearly 45% of Indian road accidents fatalities involve 2-wheelers, says Secy, MoRTH
Reaffirming the Government’s focus on high-risk areas, he informed...
PSU general insurers turn profitable, posts a combined profit of Rs 1,066 crore in Q3FY25, says Finance Ministry
``With improved risk-management practices, loss-control initiatives, adoption of technology, development of new products, better customer services and diversification of portfolio, the Public Sector General Insurance Companies have posted a magnificent turnaround from...
Turning Around:National Insurance back in black, records Rs 30 crore net profit in Q3FY25
``This is the second consecutive quarter in this fiscal where we have posted a profit, which is a result of the strategic business initiatives by the corporate management in the recent past as per its road map towards a sustainable future in terms of growth and...
Govt says Russian oil suppliers must provide sanctions-compliant cargoes
Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. "We don't want to take risk. We are not going to touch any cargo that involves sanctioned entity or ships in the...
GIC Re makes a $25 million claim provisioning for LA wildfires, expands global biz 15% in Jan1 renewals
`We have a small exposure for LA wildfires. It's not major. Currently, we have provided about $25 million in our provisions. I tend to believe that this will come down, because these are very initial figures. We've still not received too many intimations from our...
Taiwan to deploy investment from insurance funds to help finance island’s green energy
Taiwan is phasing out coal-fired power stations and shifting to liquefied natural gas, as well as investing in solar and wind projects Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy transition as...
China asks insurers to hold sufficient capital and liquidity
Companies should establish a concentration risk information disclosure mechanism and disclose annual concentration risk management information on their websites before June 15 each year, the regulator said China’s National Financial Regulatory Administration on...
World may have already missed its chance to limit global warming to 1.5C:Study
In 2024, global temperatures reached 1.5C for the entire year, the first time it’s happened in recorded history. It was a stark departure from previous projections: The Intergovernmental Panel on Climate Change report published just a year earlier suggested that...
Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy
“Imports need ships which are not sanctioned, insurance which takes time to reconfigure, and imports will need payments to go through. So each one of these has problems that need to be solved. People are working on solving these problems,” Oil Secretary Pankaj Jain...
India sixth-most severely-affected country by extreme weather from 1993 to 2022: Report
India experienced more than 400 extreme weather events in the three decades, causing losses of nearly "USD 180 billion and at least 80,000 fatalities", the report said. New Delhi: India ranked as the sixth-most severely-affected country by extreme weather events in...
Over 34 crore patients provided consultation through eSanjeevani platform
Union Health Minister J P Nadda The eSanjeevani platform has been instrumental in reducing the burden on physical healthcare facilities, Nadda said responding to a question New Delhi: Since its launch in 2019, more than 34 crore patients have been provided...