Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic...
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Autonomous Services:Uber Technologies and Lyft Inc. each teaming up with Baidu Inc. to trial driverless taxis in UK
Global robotaxi rollouts are accelerating, with Chinese companies...
A year on, Jeju Air crash report delayed as families question probe’s credibility
“It feels like all kinds of doubts are just growing bigger and...
New India’s Lavanya Mundayur selected as CMD of AIC
Lavanya Mundayur, general manager and chief underwriting officer, New India Assurance Mundayur is the youngest general manger in the PSU general insurance industry and will retire in May 2029 New Delhi: The Financial Services Institutions Bureau(FSIB) has selected...
131.3 lakh fishermen covered under Pradhan Mantri Matsya Sampada Yojana
Rajiv Ranjan Singh,Union Minister for Fisheries, Animal Husbandry & Dairying Union Minister Rajiv Ranjan Singh informed the Rajya Sabha that the insurance coverage provided under the Group Accidental Insurance Scheme (GAIS) includes Rs 5,00,000 against death or...
Chola MS and Mahindra Finance join hands to offer non-life insurance solutions
Chola MS General Insurance has announced a strategic partnership with Mahindra Finance, one of India's leading Non-Banking Finance Companies.This collaboration will provide motor and other non-life insurance solutions to over 10 million customers of Mahindra Finance....
Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: "In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along with...
“Shall take up with the GST Council,’ says FM Sitharaman on reduction of GST on Life and Health Insurance
Finance Minister Nirmala Sitharaman Around Rs 24,529 crore was collected from GST on health and life insurance in the last three financial years.73-74 per cent of the amount collected under the GST goes to the states,'' Nirmala Sitharaman, union finance said in the...
Lloyd’s financial strength rating upgraded by AM Best
Today’s upgrade from AM Best follows that of S&P Global at the end of last year, with both agencies acknowledging the strength and resilience of Lloyd’s balance sheet.The upgrade further enhances Lloyd’s ability to attract and retain investors due to its unique...
Explainer: Why does Nepal suffer so many air crashes?
In a 2023 safety report, the Civil Aviation Authority of Nepal (CAAN) said collision with terrain or another obstacle was the main risk, accounting for 93% of deaths in air accidents in the prior decade On July 22, 2024, eighteen people were killed in Nepal when a...
Helicopter with 5 people on board crashes in the mountains northwest of Nepal’s capital
The four passengers are Chinese nationals, and the pilot is a Nepali man, police said. No further details were immediately available KATHMANDU: A helicopter crashed in a forest outside Nepal's capital Kathmandu shortly after takeoff on Wednesday, killing all five...
FSIB to interview 5 candidates tom for selecting CMD of AIC
The general managers (GMs) who have been shortlisted on the basis of seniority are - V Balkrishna and Jayshree Bala from GIC Re, Rekha Solanki, Oriental Insurance Company, Mathew George, Managing Director and CEO of Health Insurance TPA of India (HITPA),...
Missile attack by Yemen’s Houthi rebels hits container ship in first attack in 2 weeks
The killing of Haniyeh in Tehran has sparked concerns of a new escalation in the Israel-Hamas war. Already, the U.S. military says it will move a fighter jet squadron to the Middle East and keep an aircraft carrier in the region DUBAI, United Arab Emirates : A missile...