These changes and new leadership roles recognise the significant...
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Russian-bound tanker hit by drone in Black Sea, maritime sources Say
In late November, shipping insurance rates rose after Ukrainian...
AXA assesses losses from deadly fire in Swiss mountain resort of Crans-Montana killing 40
French insurer AXA SA said that it has provided liability insurance...
GST Council defers any decision on reduction of taxes on Health and Life covers
The council has recommended to constitute a Group of Ministers (GoM) to holistically look into the issues pertaining to GST on the life insurance and health insurance.The GoM members are Bihar, UP, West Bengal, Karnataka, Kerala, Rajasthan, Andhra Pradesh, Meghalaya,...
Flood fury causes massive damage in Telangana. State govt put initial estimate at Rs 5,438 cr
Crops have been damaged in about five lakhs of acres, canals and ponds breached, bridges, roads and railway tracks were washed away and electric sub-stations and electric poles were damaged.state government has put the initial estimate at Rs 5,438 crore. Hyderabad: A...
GST Council meet: Taxation on insurance premium, rate rationalisation key hopes
Nirmala Sithraman,Union Finance Minister The meeting is going to deliberate upon whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens. New Delhi: With an aim to ensure less...
Squatter demands Rs 50 crore to vacate Bima Sugam’s domain name
Details like, when exactly he developed the site, whether he knew about IRDAI’ Bima Sugam project by the time he started developing the website, which is being talked about for almost last two years, what activities he was undertaking through the site, are not known...
August auto sales dip due to excess rainfall, FADA urge banks to tighten funding to dealers
Despite this monthly setback, the sector witnessed a modest 2.88 percent year-on-year (YoY) growth compared to August 2023 New Delhi: Auto retail sales in India experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon...
Crops in 1.8 lakh ha damaged due to floods in AP Agri Min Shivraj Singh Chouhan
Shivraj Singh Chouhan,Union Agriculture Minister Chouhan, who is on a two-day visit to Andhra Pradesh and Telangana to assess the flood situation, said: "The crops have suffered a lot of damage… Flowers are cultivated here, turmeric is cultivated, all the crops have...
Moody’s acquires Praedicat, adds Casualty and Liability modeling capabilities
“As losses from catastrophic events are increasing, insurers are constantly looking for science-based casualty data and analytics,” said Rob Fauber, President and Chief Executive Officer of Moody’s NEW YORK: Moody’s Corporation announced on Thursday that it has...
Cyber Protection: Public-private action to bridge gap and boost resilience
Mario Greco, Group Chief Executive Officer, Zurich Insurance Group, said: “The threat of cyberattacks poses a significant risk to both societal and economic stability. As insurers, we can offer some degree of protection, but we must acknowledge that large-scale,...
Centre to create Aadhaar-like digital IDs for 11 crore farmers by FY27
“These IDs, created and maintained by the state governments/union territories, will be linked to various farmer-related data, including land records, livestock ownership, crops sown, and benefits availed,” said the government New Delhi: In a bid to empower the...
Former NIA CMD G Srinivasan appointed as the first CEO of Galaxy Health Insurance
G Srinivasan,MD &CEO, Galaxy Health Insurance Company Earlier, Dr S Prakash, former CEO of Star Health, who also quit Star Health along with Jaganathan, was supposed to be first the CEO of Galaxy Health Insurance. However, Prakash wants to be an investor of the...