Balz Grollimund, Swiss Re's Head Catastrophe Perils, says: "We are...
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Malaysia’s largest online insurance aggregator mulls IPO in next two years
The success of Ant Group Co., the operator of China’s ubiquitous...
100% FDI:Lok Sabha passes Insurance Amendment Bill in one day
Finance minister Sitharaman, while speaking in the Lok Sabha, said,...
IRDAI asks insurers to fast track cyclone Remal claims
Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: As the cyclone Remal have caused widespread loss of lives, property...
Japan auto safety scandal widens, Toyota halts some shipments
The ministry ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles. It said it will conduct an on-site inspection at Toyota’s central Aichi prefecture headquarters on Tuesday Tokyo: A safety test scandal at Japanese automakers widened on Monday, with...
IRDAI mandates Cross Boarder Reinsurers(CBRs) to furnish collaterals for accessing Indian business from Fy 25-26
IRDAI has clarified that premium retroceded by the branches of foreign reinsurers and Indian reinsurers to CBRs, premiums ceded to CBRs for the government schemes such as PMFBY, PMJAY, PMJJBY, PMSBY and If total premium ceded by an insurer to CBRs is up to Rs 75...
WHO members approve steps to bolster health regulations for pandemics
Yuanqiong Hu, a senior legal and policy advisor at Doctors without Borders, said that the changes adopted Saturday include "important provisions addressing equity in access to health products during global health emergencies". Geneva: The World Health organisation...
Passenger vehicle wholesales in slow lane in May due to high base effect elections
The overall passenger vehicle dispatches from companies to dealers stood at 3,50,257 lakh units last month as compared to 3,35,436 in the same month a year ago, registering a growth of 4 per cent New Delhi: Passenger vehicle wholesales in India witnessed a marginal...
Govt shortlists 5 candidates for member, Non-Life, IRDAI, interview on June10
Five candidates are Rejeshwri Singh, CMD, National Insurance Company, Randip Singh Jagpal, executive director, IRDAI, CS Radhika, general manger, United India Insurance and two other candidates from the private sector insurance industry-Balasubramanian Pulicat,...
DoT unveils 160 series for service, transactional voice calls
Now, for example, the service and transactional calls originating from financial entities like the RBI, SEBI, PFRDA, IRDA, etc shall start from 1601 New Delhi: The Department of Telecommunications (DoT) has introduced a new numbering series, 160xxxxxxx for making...
MS Amlin forecasts “substantially above average” hurricane activity
“The insurance industry can help people and businesses to absorb climate blows, but only if pricing adequately reflects the escalating risks of stronger, more destructive hurricanes in a warming world. Investing in sophisticated catastrophe modelling and research will...
Tata AIA ties up with Federal bank, ICICI Lombard with Capital Small Finance Bank
Capital Small Finance Bank has announced a bancassurance corporate agency tie-up with ICICI Lombard General Insurance. Anand Singhi, chief- retail and government, ICICI Lombard, said, “Our alliance with Capital Small Finance Bank is a strategic move to further expand...
Ambani’s financial services App to take on Google and Amazon
The company announced the test version of its platform, named JioFinance, for UPI transactions, bill settlements as well as insurance related services Mumbai: Billionaire Mukesh Ambani's Jio Financial Services has introduced a new super-app for digital banking and...