As India moves confidently towards its vision of Viksit Bharat,...
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Budget 26-27:Builds assets, de‑risks infra, broadens growth and removes operational bottlenecks
Girija Subramanian, CMD, New India Assurnace The government is...
Budget-26-27:Allocation for PM-JAY raised 5.56% to ₹ 9,500 crore
Nirmala Sitharaman,Finance minister Allied Health Professional...
Prasun Sikdar set to become the first CEO of Bima Sugam
Prasun Sikdar,MD & CEO designate, Bima Sugam India Federation Sources point out that a formal decision to appoint Sikdar, who is already a board member of the Bima Sugam India Federation, as the CEO of the company has been taken by the IRDAI in consultation with...
Gen insurers sue govt for being ordered to fund treatment of accident victims of uninsured vehicles
To the consternation of the general insurers, who do motor business, the Ministry of Road Transport and Highways had issued a directive under Motor Vehicle Accident Fund scheme saying that the insurers have to even fund the cashless medical care of victims of...
Govt takes a host of measures for LGBTQI+ community
Department of Financial Services (DFS) has issued an advisory that there are no restrictions for persons of the queer community to open a joint bank account and also to nominate a person in queer relationship as a nominee to receive the balance in the account, in the...
Govt to extend social security benefits to gig and platform workers: Mandaviya
"Our government is fully committed to the well-being of gig and platform workers, who form a crucial part of our workforce. We are working on a comprehensive strategy to provide them with the social security they deserve.An online window will be made available for...
Lenders to Reliance Capital accuse IIHL of using delaying tactics
According to sources, lenders claimed that IIHL's move to seek approval from the Department of Industrial Policy and Promotion (DIPP) is an afterthought. It was not even a part of conditions set out by the NCLT while approving the resolution plan on February 27, 2024...
MHA constitutes central team to assess damage caused by floods in Gujarat
Madhya Pradesh and Rajasthan were also affected by heavy to very heavy rainfall. Multiple spells of heavy rains, cloudbursts and landslides have caused extensive damage in Himachal Pradesh this year New Delhi: The Ministry of Home Affairs has constituted an...
South African Sanlam’s subsidiary Santam plans Asian expansion
We are looking at Asia and the Middle East from a reinsurance perspective. Our expertise and understanding works well in emerging markets, and we also find that those are also growth markets and so we want to tap into some of that growth,”,” Tavaziva Madzinga,chief...
Agile launches New Zealand operation to support Lloyd’s syndicate
The establishment of a New Zealand entity solidifies Agile’s position at the forefront of Lloyd’s business in the Pacific region and paves the way for other geographic expansion. Sydney: Agile Underwriting Services has established a presence in New Zealand, the first...
Sunk superyacht likely to cost insurers at least $150 million, experts say
The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said. The P&I policy would likely be “several multiples” of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover...
GIC Re emerges as the 10th largest global reinsurer in AM Best’s latest chart
In AM Best's `World’s 50 largest reinsurers in 2023’, Munich Re is the largest IFRS 17 reporting reinsurer followed by Hannover Re and SCOR Re. Swiss Re is the largest non-IFRS 17 reporting reinsurer globally, followed by Berkshire Hathaway and...