``This also furthers our diversification, and our strategy of...
Category:
Non-Life
Latest
Maximum Information launches PsiClone ahead of North Atlantic hurricane season
“PsiClone is designed to help close that gap by connecting live...
Red Sea tensions rise as Houthis target Israeli ships
The move comes as the Iran war drags into a fourth month and...
Swiss airplane catches fire during takeoff, Delhi airport declares emergency; 4 injured say sources
Assessing the situation, the crew members immediately declared an emergency. Subsequently, passengers were evacuated via emergency slides, resulting in minor injuries to four passengers. New Delhi: A major aviation emergency unfolded late Sunday night at Terminal 3 of...
India,Middle East,and Africa see declining P&C rates in Q12026, says Marsh
Property rate declines were generally driven by stable capacity and high levels of competition.The Middle East and Africa saw rate declines ranging from 5% to 20%; India experienced decreases up to 45%, though typically lower.Casualty insurance rates decreased 7%,...
IMD issues comprehensive heatwave guidance as temperatures rise across regions
In view of the prevailing and forecasted conditions, IMD has issued comprehensive heatwave safety guidelines and advised citizens to take necessary precautions. These include avoiding prolonged exposure to direct sunlight, especially during peak afternoon hours,...
SBI General reports an 8.6% rise in net profit to Rs553 crore
Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “Our FY26 performance reflects our continued focus on growing faster than the market consistently while strengthening our core business and growing profit responsibly.'' Mumbai:SBI General Insurance on...
India’s commercial vehicle volumes to hit 12.4 lakh units in FY27 surpassing previous peak: Crisil
The industry's domestic recovery in FY26 was driven by multiple factors, including the GST rate cut from 28 per cent to 18 per cent in September 2025, which improved purchase economics and unlocked deferred demand. Easing interest rates, better freight utilisation and...
New Insurance Act enshrines transparency in IRDAI’s functioning: Ajay Seth
Ajay Seth, chairman, IRDAI ``To my mind, that was the first time an act(The Sabka Bima Sabki Raksha (amendment of Insurance laws) Act, 2025) is talking about transparency in governance of the regulator. Now, that again is an indication of what the Indian Parliament is...
Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk
It would be the first time a product in the market for insurance-linked securities specifically targets data-center risk, according to Hilti. Euler plans to structure the vehicle as a so-called sidecar, meaning investors will take a quota share of an insurer’s risk....
Health Insurance:A clear gap between awareness and action
A report by Niva Bupa Health Insurance highlights that health insurance ownership in India correlates more strongly with financial maturity than income levels alone. Policyholders demonstrate better financial discipline, including stronger portfolio diversification,...
Jio Finance and Allianz form 50:50 JV for non-life biz in India
Mukesh D. Ambani, chairman and MD, Reliance Industries and promoter of Jio Finance JFSL and Allianz are also working towards a separate binding agreement for life insurance business in India. Mukesh D. Ambani, chairman of Reliance Industries and promoter of Jio...
Abu Dhabi National Insurance launches reinsurance branch in India’s GIFT City
Charalampos Mylonas, chief executive officer, ADNIC, said, “Receiving the licence to operate in GIFT City represents an important milestone in ADNIC’s international growth journey. It reinforces our long-term commitment to supporting clients and partners in India,...