Stephen Fox has joined Aon as a Managing Director, focusing on the...
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LIC,New India and GIC Re remain as Domestic Systemically Important Insurers in FY26:IRDAI
D-Slls refer to insurers of such size, market importance, and...
Insurers have to submit compliance reports on checking “dark patters” in 15 days:IRDAI
Wherever non-compliance is found, an action plan with timelines for...
Govt says sanctioned Russian oil tankers can discharge before Feb 27
India's oil secretary Pankaj Jain said the deadline, as outlined by the US sanctions, for completing financial transactions was March 12. India follows United Nations sanctions, rather than those imposed by individual countries, but fears of secondary sanctions by the...
LA wildfires may use up over 30% of Cat budgets of Europe’s largest reinsurers for 2025
The impact of the fires on European reinsurers’ natural catastrophe budgets will clearly be significant, but the implications for their earnings and capital are not likely to be material. Paris/London: The recent Los Angeles wildfires may use up over 30% of the...
Puneet Swani to head Aon’s APAC Talent Solutions
Puneet Swani, Head, Talent Solutions for Asia Pacific Swani is an experienced leader specialising in human resources consulting spanning more than twenty-five years. He joins Aon having had a distinguished career at both Hewitt Associates and Mercer, most recently...
MFs, insurers and retail investors buy $8 billion of Indian equities in Jan as FIIs sell
A greater participation of mutual funds, insurance firms and retail investors in the Indian stock market has made India one of the top five markets globally despite waning ownership of foreigners New Delhi: The Indian equity market’s reliance on domestic investors has...
Go Digit Q3 net profit surges nearly 3-fold to Rs 119 crore
The insurer's combined Ratio for Q3 2025 is 108.1%, as compared to 110.3% in Q3 2024 New Delhi: General insurance firm Go digit on Wednesday reported a nearly three-fold rise in its net profit at Rs 119 crore in the three months ended December 2024. The Fairfax-backed...
Employee medical plan costs: Aon forecasts 11.1% increase for businesses in Asia Pacific
"The high medical trend rate can also be attributed to a higher incidence of cancer and chronic conditions than before the COVID-19 pandemic. Managing the impact of medical inflation therefore should be a top priority for all southeast Asia markets and especially...
India expands Russian insurers’ pool after US sanctions
As well as extending approvals for some sanctioned providers, India’s Directorate General of Shipping authorized Soglasie Insurance Co. to provide insurance for vessels entering Indian ports until February 2026, according to to the regulator’s website. As Soglasie...
Indian economy to grow 7% in FY25, robust expansion to drive insurance premium growth, says Moody’s
``India's private sector insurers continue to reinforce their solvency, but we expect some pressure on their capital adequacy because of increased underwriting exposure and regulatory changes,'' Moody's said New Delhi: Moody's Ratings on Monday projected the Indian...
Yemen’s Houthis to target only Israel-linked vessels following Gaza deal
Higher war risk insurance premiums, paid when vessels sail through the Red Sea, have meant additional costs of hundreds of thousands of dollars for a seven-day voyage for any ships still sailing through the area. Yemen's Houthis will limit their attacks on commercial...
Maha minister admits irregularities in crop insurance scheme, says shrines shown as farmlands
Maharashtra Agriculture Minister Manikrao Kokate disclosed that instances of malpractice in the scheme have been identified in several aspects, including cases where mosques, temples, and vacant lands were falsely declared as agricultural lands to claim benefits...