The new bill, named the Sustainable Harnessing of Advancement of...
Category:
Non-Life
Latest
Insurance Amendment Bill, 2025:IRDA members’ retirement age raised from 62 to 65
Despite the Bill to hike FDI in the insurance sector to 100 per...
Govt sets up a merger cell for due diligence of merger among 3 PSU general insurers
Any possibility of three companies- NIC, OIC and UII - getting...
Remal weakens into cyclonic storm, expected to move northeastwards: IMD
Scenes of widespread devastation were evident across West Bengal's coastal areas, with extensive damage to infrastructure and property, a day after Cyclone Remal tore through the coasts of Bangladesh and West Bengal with winds reaching speeds of 135 km per hour New...
20th SIRC: Swiss Re new group CEO Andreas Berger to address the event, to be held from 4 to 7 Nov
Promising thought-provoking discussions, SIRC 2024 will delve into the diverse trajectories required to reshape itself to be climate resilient while looking at the transformative possibilities of artificial intelligence (AI) automation and its pros and cons for the...
3 PSU general insurers need Rs 94-102 billion capital infusion to meet solvency of 1.5, says ICRA
Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, further said : “With higher growth, the market share of private insurers in terms of GDPI is likely to rise to 69% for FY2025 and 71% for FY2026 from 68% for FY2024. The health segment,...
Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said the power infrastructure was heavily battered. Reports of at least 356 uprooted electricity poles and damage to scores of transformers were received during the first hour of the landfall process More...
10.46 lakh motor accident claims worth Rs 80,455 crore pending nationwide: RTI
In the wake of inordinate delays in adjudication of motor accident claims, Supreme Court advocate K C Jain said he has filed an interlocutory application in the Supreme Court under writ petition (civil), demanding that considering the delay in decision and payment of...
India and Bangladesh brace for year’s first cyclone
According to the Indian Meteorological department, 'Remal' has intensified into a severe cyclonic storm and is poised to make landfall between Bangladesh and the adjoining West Bengal coasts by midnight on Sunday, with sustained wind speeds ranging from 110-120 km per...
Ayush ministry’s event on Monday for linking Ayush hospitals with insurance industry
The program will discuss the regulatory framework and policy support needed to mainstream Ayush treatments in health insurance schemes and facilitate a dialogue between key stakeholders to address both challenges and opportunities. NEW DELHI: The Ayush ministry will...
Singapore’s Income Insurance targets Asia Pacific expansion
Established in 1970, Income Insurance serves about 1.7 million customers in Singapore and is designated by the regulator as one of four systemically important insurers in the country. It offers services in areas such as life, health, travel and home insurance, as well...
Allianz is lead insurer for the Singapore Airlines aircraft
Under the Montreal Convention, Singapore Airlines is liable for accidents, which can include turbulence, on international flights regardless of whether the airline was negligent, according to U.S. aviation lawyers Allianz is the lead insurer for the Singapore Airlines...
Boeing faces ‘long road’ on safety issues, US FAA says
Boeing has faced mounting questions after a door panel detached during a Jan. 5 flight on a new Alaska Airlines 737 MAX 9, forcing pilots to make an emergency landing while passengers were exposed to a gaping hole 16,000 feet above the ground U.S. planemaker Boeing...