The industry's domestic recovery in FY26 was driven by multiple...
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New Insurance Act enshrines transparency in IRDAI’s functioning: Ajay Seth
Ajay Seth, chairman, IRDAI ``To my mind, that was the first time an...
Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk
It would be the first time a product in the market for...
Indian gas tankers getting ready to sail through Hormuz, data shows
India’s foreign ministry spokesperson, Randhir Jaiswal, said separately on Friday that the country was “in favor of safe and unhindered movement” of India’s fleet of 22 vessels which were inside the Gulf, adding that Prime Minister Narendra Modi was talking to other...
Wildfires, storms, floods contribute to record 92% of global insured losses in 2025:Swiss Re
``According to our modelled peak-loss scenario, insured losses could even climb to about USD 320 billion in 2026. As exposure keeps building, the upward trend in insured losses is structural and it is critical to identify the risk drivers behind this to manage and...
Nearly 45% of Indian road accidents fatalities involve 2-wheelers, says Secy, MoRTH
Reaffirming the Government’s focus on high-risk areas, he informed that 100 districts with the highest number of accidents have already been identified for targeted interventions. New Delhi:V Umashankar,secretary, Ministry of Road Transport and Highways, remarked that...
Train accidents decline by 90 pc since 2014-15, says Ashwini Vaishnaw
Data shared by the minister showed that during 2004-05 to 2013-14, there were 1,711 consequential train accidents, resulting in 904 deaths and 3,155 injuries. This declined to 678 accidents between 2014-15 and 2023-24, with 748 deaths and 2,087 injuries. New Delhi:The...
West Asia Crisis: Higher underwriting uncertainty in global terrorism and political violence insurance markets
For insurers and reinsurers, the key issue is not only the probability of attacks but also how losses may accumulate across multiple insurance lines. Terrorism and political violence incidents can trigger claims simultaneously in property, marine, aviation, and...
Lloyd’s to continue providing cover for vessels traveling through Strait of Hormuz
Shippers seeking insurance for tankers going through the strait “is pretty rare at the moment because people are focused on safety and security,” Lloyd’s chief executive officer Patrick Tiernan London:The Lloyd’s of London insurance market will continue to provide...
Govt announces Rs 500 crore RELIEF measures to support exporters amid West Asia conflict
Rajesh Agrawal,Commerce Secretary The scheme focuses on mitigating the sharp rise in logistics costs and insurance premiums for shipments heading to the Gulf and West Asia.The support is divided into three distinct components to address different segments of the...
Navi launches Motor cover
Navi General Insurance has launched a Motor cover. Customers can purchase comprehensive, own-damage or third-party policies for cars and two-wheelers directly on the Navi app, with instant policy issuance, transparent pricing and zero commissions. ``Motor insurance is...
West Asia Crisis:Govt considers setting up of a Rs 1000 crore Marine Reinsurance Pool and Indian P&I Club as insurance premiums rise for ships
Rajesh Kumar Sinha,Special Secretary, Shipping Ministry Speaking during an inter-ministerial briefing, Special Secretary in the Shipping Ministry Rajesh Kumar Sinha, said,`` We’ve made considerable progress on discussions about a P&I club. A few days ago we raised...
AIC launches Krishi Sakhi for Women farmers
The initiative is in alignment with the recognition of the year 2026 as the 'International Year of the Woman Farmer' by the United Nations New Delhi:Agriculture Insurance Company of India Limited (AIC) has launched the Krishi Sakhi initiative to empower women farmers...