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EV innovation:Partnership among Root, Admiral Pioneer and Octopus to deliver smarter cover
Emma Huntington, CEO of Admiral Pioneer, said,“We’re partnering...
Govt approves wage and pension revision for PSU general insurance industry
The wage revision for the employees of PSGICs will be effective...
IFRS Ready: IRDAI to meet industry honchoes to finalise norms at 2-day Bima Manthan
Debasish Panda, chairman,IRDAI ``It is our endeavour to implement Ind AS (including Ind AS 117) for insurers in India from 1st April, 2027 based on our experience and learnings from the proforma submissions and the communication in this regard will be circulated at an...
Prasun Sikdar joins as Bima Sugam CEO
IRDAI has fixed Apr 19,2025 as the date of the launch of Bima Sugam. E&Y has been roped as a consultant to execute Bima Sugam Mumbai: Prasun Sikdar, the first MD & CEO of Bima Sugam India Federation, has assumed his new charge recently. Sikdar, who was earlier...
24% deaths recorded in Delhi occurred due to infectious, parasitic diseases: Report
The number of institutional deaths due to cancer and related diseases were recorded at 6,054 during 2023, which was almost 12 percent more than 5,409 registered in 2022 New Delhi: A Delhi government report has attributed nearly 24 percent of the total about 89,000...
China unveils $1.4 trillion local debt package but no direct stimulus
In an apparent reaction to the U.S. election and the intensifying risks to trade, state media CCTV reported that China's cabinet on Friday approved expanding coverage of export credit insurance and will step up support for trade firms Low wages, high youth...
Emerging Indian Risks: Managing political, technological, environmental, economic, and competitive forces
Neelesh Garg, Managing Director & CEO,TATA AIG General Insurance Company As benign risk environments fade, resiliency is key to thriving amid challenges. Emerging risks are grouped into four categories: Known Knowns (predictable risks), Known Unknowns (risks with...
To bring down deaths safety must get highest priority while constructing roads Gadkari
Nitin Gadkari,Union Minister of Road Transport and Highways "Every year 1.50 lakh deaths due to road accidents are reported which has now increased to 1.68 lakh. Efforts are on to improve the shortcomings in road engineering and automobile engineering but defective...
Andhra CM launches demo seaplane flight from Vijayawada to Srisailam
With seaplane services, the state government aims to position Andhra Pradesh at the forefront of India's water-based aviation sector Amaravati: Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday launched a seaplane demo flight operation from Prakasam...
Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash floods that hit the Valencia region on Oct. 29 will have limited effects on private insurers and reinsurers. Around 4,500 businesses in the Valencia area have been directly affected, half of which face...
Irdai chief pitches for 100 pc FDI in insurance sector
"And if the FDI route is also opened that will only augment the domestic investment as well, otherwise, domestic investment may get crowded out. … perhaps its time to open up for 100 per cent FDI so more players who want to come and operate on their own terms without...
SC notice to Centre on plea to include ayurveda, yoga in Ayushman Bharat
The plea, which sought inclusion of the practices in PM-JAY, also known as Ayushman Bharat, said the inclusion would allow a significant portion of the country’s population to avail affordable healthcare benefits and wellness in various serious diseases, apart from...