In the passenger vehicle category, rural markets outperformed urban...
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IBAI appoints Pranav Kapadia as Dy Secy General
Insurance Brokers Association of India (IBAI) has announced the...
Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with US’s IDFC
Greg Case, president and CEO of Aon The facility, which will...
Floods and landslides kill 60 people in Nepal
The National Disaster Risk Reduction Management Authority (NDRRMA) also issued warnings for 56 out of 77 districts about possible disasters advising people to exercise caution Kathmandu [Nepal]: At least 66 people have been killed in Nepal since early on Friday as...
Lok Adalat settles Rs 4.50 cr compensation for Kin of IT employee killed in an accident
Pankaj Ramesh Shedge, who was a senior employee of an IT company located at Irvine in California of the USA, earned an annual salary of USD 110,000. On December 9, 2022, when he was going on his scooter on Panvel-Mumbra Road, he was hit by a truck, which ultimately...
Fire breaks out at Tata Electronics factory in TN; none injured
"There has been an unfortunate incident of fire at our plant in Hosur, Tamil Nadu. Our emergency protocols at the plant ensured that all our employees are safe. The cause of the fire is under investigation and we will take necessary actions to safeguard the interest...
Govt plans to include 170 AYUSH packages in AB-PMJAY, stores for traditional medicines in tehsils
"Discussions with insurance companies to finalise the package cost structures are underway and soon Ayush treatment packages could be availed by the AB-PMJAY beneficiaries. Consultations with the National Health Authority (NHA) are in the final stages," Ayush minister...
Out-of-pocket health expenditure declined to from 64.2 % in 2013-14 to 39.4% in 2021-22: NITI Aayog
V K Paul, Member (Health), NITI Aayog “This decline in out-of-pocket expenditure “reflects a very positive indicator. More than Rs 1 lakh crore savings have accrued from the Ayushman Bharat PMJAY and this has had a positive impact on the recent NHA estimates,” V K...
GST on Health, Life Insurance: Newly formed GoM to meet on Oct 19
A final call by the council on taxation of insurance premiums is likely to be taken in the next meeting in November, based on the GoM report New Delhi: The ministerial panel to decide on lowering goods and services tax (GST) on health and life insurance premiums will...
Ardonagh’s A$2.3 billion acquisition receives approval from PSC shareholders
“Combining the best of PSC and Ardonagh will strengthen the Group’s global position in the retail, specialty and wholesale broking markets to deliver greater scale and efficiency benefits to clients, insurers, brokers and agencies. PSC’s culture and values are closely...
Tokio Marine Kiln and Marsh launch exclusive $50 million market-first trade disruption facility for ports and terminals
Through the offering, ports can now secure an additional cover should certain wider events beyond their control lead to ships being diverted away from or refusing to sail to their facilities. The facility also provides additional cover for ports impacted by blockages...
New research from Beazley reveals AI is the biggest challenge facing digital health and wellness firms
Beazley’s research found fewer than a third (30%) buy the essential tailored insurance covers that protect against bodily injury caused by a variety of technology-based drivers London: Beazley, the leading specialist insurer, has today published its latest Digital...
Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the Lloyd’s market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national...