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West Asia Crisis: War-risk insurance premium for Indian airlines moderates after reaching sky-high
The additional war risk premium stood at approximately Rs 30,00,000...
Ship carrying Iranian oil shifts course midway from India to China
The shift in destination of Pin Shun appears to be payment-related,...
Lloyd’s appoints Alexandra Cliff as Chief Financial Officer
Alexandra Cliff Chief Financial Officer-designate, Lloyd's Alex has over 20 years of experience in the insurance industry, having held senior finance roles in insurance and broking firms including Direct Line Group, StarStone, and AJ Gallagher London: Lloyd’s, the...
Midair collision kills 67 people in the deadliest US air disaster in almost a quarter century
President Donald Trump told a White House news conference that no one survived.At least 28 bodies were pulled from the icy waters of the Potomac River after the helicopter apparently flew into the path of the American Airlines regional jet late Wednesday while it was...
Irdai caps health insurance premium hikes for senior citizens at 10 pc per annum
Irdai further said insurers will have to undertake prior consultation with it if the increase proposed in the premium for senior citizens is more than 10 per cent per annum. Hyderabad: Insurance regulator Irdai on Thursday directed insurers not to increase health...
Passenger plane catches fire at South Korean airport. All 176 people on board are evacuated
The Airbus A321 jet caught fire near the cabin’s back seats, Korea’s transport ministry said A fire broke out on a plane operated by Air Busan Co. at a local airport in South Korea late Tuesday, with everyone on board evacuated. Flight BX391, departing from Gimhae...
British and American ships tentatively return to the Red Sea
Six ships linked to the US and UK have successfully transited the area without coming under attack since Jan. 19, when the Houthis said they would stop targeting vessels associated with those countries, according to the Joint Maritime Information Center, which...
Property premium sees signs of hardening since Jan: NIA Chief
``I am happy to announce that we have been able to renew the prestigious government health scheme in the state of Rajasthan which will cover close to 1.3 crore families. The new policy which will start in February 2025 has seen a per-family premium increase of about...
Generali Global Corporate & Commercial forays into India, to deliver customised insurance solutions to corporates
Rob Leonardi, Regional Officer, Generali Asia, said: “India has been recognised globally as the fastest-growing major economy in recent years and the launch of GC&C India shows how Generali is fully in lockstep with the needs of local businesses. The Indian...
Munich Re promotes Parametric solutions for Cat losses in India
An one day event on ``Disaster Risk Transfer and Financing Solutions for India'', organised by Munich Re, aims to bring together representatives from various Indian states, the insurance industry, government bodies, International organizations experienced in disaster...
Indian insurance industry watches Govt’s move on IRDAI chief as Panda’s 3-yr term ends on Mar 14
Debasish Panda, chairman, IRDAI Panda after taking over as IRDA chairman on Mar 14, 2021, had unleashed an extensive reforms agenda for the industry to achieve `Insurance for all by 2047' and industry is already tapping all the sources to know whether Panda is...
Budget 2025-Insurers expect tax benefits, concessions for healthcare
Sameer Bansal, MD & CEO, PNB MetLife, said that while India is a fast-growing economy fuelled by its rising middle-class population of 25-45-year-olds, the proportion of people above the age of 60 is equally increasing at a rapid pace New Delhi: Insurers are...