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Japan shuts down world’s largest nuclear plant hours after restart
TEPCO, as the utility is known, said it was forced to stop the...
Soft Market: Munich Re plans relocation of jobs to India Poland
In early January, it became known that the world's second-largest...
Zurich appoints Alok Agarwal from ICICI General as head its Indian non-life JV
Alok Agarwal, MD&CEO- designate, Zurich Kotak General Insurance Agarwal , who started his career with Reliance Industries in 1989 , is an old hand in the Indian general insurance industry and has spent over 22 years in ICICI Lombard General Insurance Mumbai:...
M&A Insurance claim costs rise despite drop in number of claims, Tighter underwriting terms expected
GTS’ Americas region saw the smallest decline in R&W notification count in 2023 and was the only region to register an increase in notifications in Q1 2024. The Europe, Middle East and Africa region saw a notable drop in R&W notifications in 2023, but it was...
Tokio Marine Group partners with Resilient Cities Network to accelerate investments in urban resilience
The new partnership will see Tokio Marine Group companies provide expertise and support to the Taskforce with a focus on developing commercially viable finance and insurance solutions for project portfolios that enhance climate resilience in more than 100 cities. At...
India’s Insurance Sector: Robust growth but coverage, profitability challenges prevail
Peeyush Dalmia, Senior Partner, McKinsey & Company, says, "While current growth indicators are promising, the industry has not seen improvement in productivity. Achieving long-term success requires a fundamental transformation in how insurance products are...
Galaxy Health launches its first products with sum insured options from Rs 3 lakhs to Rs 1 crore
(Lto R) S Guruprakash, chief marketing officer, G Srinivasan, MD & CEO, and V Jagannathan, Chief Mentor at the product launching event of Galaxy Health Insurance in Chennai G. Srinivasan, managing director and CEO of Galaxy Health Insurance said, “ We are...
“Reinsurance capacities in India may be required only for property, agri and specialty lines like aviation & cyber”
N Ramaswamy, CMD, GIC Re The effort from the Regulator is to create a more conducive environment for doing business as well as to attract more players to set up shop in India. The Indian market is in a stage of big growth and it will need huge capital resources from...
Over 5 lakh elderly above 70 enroll for Ayushman cards; highest from MP, Kerala
Madhya Pradesh had the highest number of applications for enrollment (1.66 lakh) followed by Kerala (1.28 lakh), Uttar Pradesh (69,044), and Gujarat (25,491) New Delhi: More than five lakh senior citizens who are 70 and above have been enrolled for Ayushman cards...
Passenger vehicle wholesales up marginally at 3,93,238 units in Oct: SIAM
Passenger vehicles posted its highest-ever sales of October in 2024 at 3.93 lakh units, with a growth of 0.9 per cent, albeit on a high base of last October. The two-wheeler segment also posted the highest-ever sales of October in 2024, SIAM Director General Rajesh...
Next GST Council meet on Dec 21-22, Decision on lower GST rate on health and life insurance
Union Finance Minister Nirmala Sitharaman The 55th GST Council meeting would be held during one of these two days in which the much awaited decision on exemption or lower GST rate on health and life insurance would be taken New Delhi: Union Finance Minister Nirmala...
Shriram General in pact to enable Muthoot Securities customers to purchase covers
Shriram General Insurance Company (SGIC) has entered into a partnership with The Muthoot Group as part of which it will enable Muthoot Securities' customers to purchase general insurance covers. An agreement was signed between Ragesh GR, CEO, Muthoot Securities, and...