The Department of Financial services (DFS) has sent letters to...
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Indian auto industry closes 2025 on firm footing, broad-based sales growth reported in December
Maruti Suzuki India, the largest car maker in India, reported total...
GIC Re set to expand its global business in Jan1 renewals
Globally reinsurance buyers enter the January renewal season with...
Google to expand AI initiatives in India, targeting language barriers, agricultural efficiency
Abhishek Bapna, Director of Product Management at Google DeepMind, emphasized that Google's agricultural initiatives are driven by two major goals: improving livelihoods and addressing climate change through necessary interventions. Banks and insurance companies could...
MCA notifies new accounting standard, Ind AS 117, for insurance industry
The insurance regulator IRDAI can now announce the date of adoption of the new standards by the Indian insurance industry. The new framework would require domestic insurers to further bolster their disclosure needs, leading to greater transparency and informed...
Domestic PV wholesales dips 2.5 pc at 3,41,510 units in July: SIAM
"Though three-wheeler and two-wheeler segments are performing well, there has been some de-growth of passenger vehicles and commercial vehicles in July 2024, compared to July 2023," SIAM President Vinod Aggarwal said in a statement. New Delhi: Passenger vehicle...
Flight and voice data boxes extracted from crashed Brazilian plane
The airline VoePass, which operates a small fleet of planes made by ATR, said the flight Friday was traveling from the state of Parana to Sao Paulo’s Guarulhos International Airport when it crashed in a residential area, killing 58 passengers and four crew members...
Hiscox unveils GenAI-enhanced lead underwriting platform
By combining Hiscox AI Laboratories with Google Cloud’s generative AI, Hiscox now has the ability to remove manual elements of the underwriting process. Risks that are in scope are assessed using Google Cloud’s Gemini large language model, and the process generates an...
Legacy tech hindering pricing and profitability, says report
While the buzz around AI is inescapable and the potential benefits undeniable, its true value can only be fully harnessed when insurers get their own houses in order. The reality is the sector’s current pricing infrastructure doesn’t have the capacity to support this...
GST Council meet on Sept 9, to decide on removing or reducing 18% GST on retail Health Insurance
Union Finance Minister Nirmala Sitharaman The issue of removal of 18 per cent GST can be decided by the GST Council. Several suggestions have come up and I shall take up with the GST Council,” Nirmala Sitharaman had said during her reply to the amendments of Finance...
Major wildfire rages out of control on the fringes of the Greek capital
Wildfires are frequent in Greece during its hot, dry summers, but authorities have said climate change is fueling bigger and more frequent blazes. The fire sent a blanket of smoke over the center of the Greek capital, darkening the sky. It began Sunday afternoon about...
India’s population expected to reach 152.2 cr, sex ratio can increase from 943 in 2011 to 952 by 2036
By 2036, population of India is expected to reach 152.2 crore, with a slightly improved female percentage of 48.8% as compared to 48.5 percent in 2011. The proportion of individuals under 15 years is projected to decrease from 2011 to 2036, likely due to declining...
Deepak Sood appointed as Member, Non-Life, IRDAI
Deepak Sood, Member, Non-life, IRDAI Sood had started his career in state owned United India Insurance(UII) in 1988 and afterwards had joined private sector insurance companies. He has earlier worked in Bajaj Allianz Insurance. New Delhi: The government on Monday has...