In Southeast Asia, this phenomenon is increasingly evident. Events...
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IRDAI’s Reinsurance Advisory Committe reconstituted with A.V. Girija Kumar as chairman
The other members of the committee are- T. L. Alamelu,former,...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs...
Assam flood situation deteriorates, 16.50 lakh people affected in 29 districts
Chief Minister Himanta Biswa Sarma chaired a meeting on the flood situation with all District Commissioners late on Wednesday night and directed them to be liberal in granting relief as per norms, complete all rehabilitation claims as per norms before August 15 and...
Singapore Reinsurers’ Association announces new executive committee for 2024-2025,unveils its new logo
The new members of the SRA are-Cindy Foo from Berkley Insurance Company, Emma Loynes, Lloyd’s of London (Asia),Mukul Kishore, SCOR Reinsurance Asia-Pacific Pte Ltd and Victor Kuk,Swiss Re Asia Pte Ltd Singapore: The Singapore Reinsurers’ Association (SRA) in its...
Houthis intensify attacks on merchant ships, send drone boats packed with explosives into the Red Sea
Insurance industry sources said that additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.7% of the value of a ship in recent days from around 1% earlier this year, adding hundreds of thousands of dollars of extra costs and the...
Paytm launches ‘Paytm Health Saathi’ for merchant partners
At Rs 35 per month, Paytm Health Saathi offers a range of services that includes unlimited doctor teleconsultation, and in-person doctor visits (OPD) within its partner network. It also includes income protection cover in the event of business interruptions due to...
Star Health launches Home Health Care service across 50 cities
Anand Roy,Managing director and CEO ,Star Health and Allied Insurance Company Customers can access treatment for various ailments such as fever, gastroenteritis, urinary tract infections, and more via a toll-free number or the Star Health mobile application. Through...
Howden ventures into Japanese market with launch of Howden Re
Howden Re Japan will provide reinsurance brokerage services to life and non-life companies in addition to strategic advice leveraging data, analytics and capital markets expertise for the Japanese market. Underinsurance of seismic risk makes up the majority of Japan’s...
Auto sales growth slows down in June
According to industry figures, total domestic passenger vehicle (PV) sales last month stood at 340,784 units, up by about 12,000 units or 3.6%, when compared to June 2023 sales (328,710 units) New Delhi: On lack of fresh demand and the high base of last year, car...
Insurers achieve positive mid-year renewal outcomes, Global reinsurance capital reaches a new record of $695 billion by Q1 2024, says Aon
Aon Securities estimates that overall ILS capital increased to an all-time high of $110 billion through the second quarter, increasing from $108 billion at year-end 2023, with a record $46 billion of catastrophe bond limit on-risk. For the first time, more than $8...
Niva Bupa Health Insurance files draft prospectus with Sebi for a Rs 3,000 crore IPO
The IPO with a face value of Rs 10 each is a mix of fresh issuance of Rs 800 crore and an offer for sale of up to Rs 2,200 crore by promoter and investor selling shareholders.The offer for sale consists of up to Rs 320 crore by Bupa Singapore Holdings Pte. Ltd., and...
Narayana Health launches its first cover Aditi
With an annual premium of Rs 10,000, Aditi,' aims to cover a family of four.The insurance product is designed to ensure accessibility, with coverage of up to Rs 5 lakh for treatments and Rs 1 crore for surgeries, markedly lower than traditional insurance rates...