Ajay Seth, Chairman, IRDAI In order to expedite the regulatory...
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Govt says Air India plane crash probe report will be out “very soon”
"Regarding the AI171 crash that happened in June last year, the...
Lockton Re launches Agentforce 360 Platform
Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce...
ICMR-led study estimates 10-year risk of developing heart disease in adults in India
Among the participants having high blood sugar levels, women had an 85 per cent increased risk of getting heart conditions over 10 years, while men were at a 77 per cent higher risk, the researchers estimated. They also said that among the participants who were obese,...
Bancassurance: Bajaj Allianz General ties up with HSBC India
Bajaj Allianz General Insurance and HSBC India have announced a strategic partnership to offer general insurance products and services to HSBC’s vast customer base in India, ``Through this collaboration, we aim to provide comprehensive insurancesolutions to HSBC’s...
OMAC is hull insurance carrier for sunken yacht in Sicily
The global yacht insurance market has faced significant challenges in recent years, largely due to natural disasters like Hurricane Maria in 2017 and Hurricane Ian in 2022, which devastated numerous charter bases and hundreds of yachts Yacht insurance provider OMAC is...
IRDAI forms task force to address challenges and drive growth in surety bond market
Debasish Panda, chairman, IRDAI "Surety bonds play a crucial role in supporting India's infrastructure development. By addressing the challenges and fostering collaboration, we can unlock the full potential of this valuable financial instrument. Today’s discussions...
APAC: Climate change response held back by insufficient data
“The deadly heat waves and catastrophic floods we’ve seen in recent months show us what’s at stake. We need high-quality data and robust statistical capacity to avoid policy blind spots and make sure our strategies for tackling the climate crisis are well-informed....
IRDAI, insurers and IIM-Kozhikode organise 3-day strategic meet in Mumbai from today
Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and had met the top officials of large re/insurance...
Malawian govt receives $11.2 million insurance pay out for Niño-linked drought
Malawi had a drought insurance policy through the bank and the African Risk Capacity Group, an agency of the African Union. The funds will support food assistance to around 235,000 households in some of Malawi’s hardest-hit regions and also help with direct relief...
Disruptive moves: Indian Insurers must modernize core platforms to meet competition and evolving customer expectations
Swayamjit Mishra, Managing Director & Partner, Leads Technology in Insurance for BCG India, said, “The obvious & disruptive moves by insurers have been made, now winners will take the more difficult and bold step of attacking the core. The aim with the core is...
India sees surge in super-luxury car sales amid ‘generational mindset’ shift
Industry experts say that 1,200-1,300 luxury cars are likely to be sold in the Indian market this year. In 2023, sales more than doubled to 1,000 units in the top-end car segment New Delhi: The shifting 'generational mindset' in India is fuelling the growth in luxury...
Government, Banks, regulators and security agencies need to collaborate to check cyber security for banking industry
L to R- Vivek Joshi, secretary, Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and M. Nagaraju, secretary-designate, DFS. at at a meeting in New Delhi to review the performance of public sector Banks (PSBs) The...