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GST Cut Impact: General insurance industry premium surges 25% to Rs 26,900 crore in Nov
``Strong rebound in automobile sales and improving consumer...
Deadly floods’ $20 billion toll shows Asia’s rising climate risk
“Climate change is undeniably fueling more severe flooding in...
PB Fintech records a net profit of Rs 60.59 crore in Q4FY24
The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of Rs 60.59 crore ($7.3 million) for the quarter ended March 31, against a net loss of Rs 8.95 crore a year ago New Delhi: India's PB Fintech, the parent of online...
El Niño sees African Union Insurance Agency pay out $60 million
El Niño is caused by ocean currents that bring dry and hot weather to Southern Africa. Zimbabwe, Malawi and Zambia have declared national state of disasters The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations...
Indian pet insurance market poised for exponential growth: experts
"Rising pet ownership, industry growth, proactive insurance companies, and pets being seen as family members are driving the increased awareness and uptake of pet insurance. As more homes welcome pets, the demand for financial protection against unexpected pet medical...
IRDAI slaps Rs 1 cr fine on Prem Watsa promoted Digit Insurance for violating shareholding norms
``It is observed that there has been an inordinate delay in filing the particulars of JV Amendment Agreement, which among other things contains details of change in conversion ratio and total number of CCPS(convertible preference shares ) as 78,00,000 as against...
Hinduja group floats 4 new Indian cos to acquire Reliance Capital
Hinduja Group has now submitted a new plan changing the entire corporate structure of the transaction for the implementation of the resolution plan which again has been submitted to all the regulators for their fresh approvals Mumbai/Hyderabad In a bid to...
Certificate Course on Shrimp Crop Insurance
ICAR-Central Institute of Brackishwater Aquaculture, Chennai in collaboration with the ICAR-Central Institute of Fisheries Education, Mumbai jointly conducted a certificate course on Shrimp Crop Insurance and Loss Assessment during 29th April to 3rd May 2024 at...
ICEYE launches Flood Insights and Flood Early Warning for Canada, providing near real-time situational awareness
ICEYE’s Flood Early Warning data is available 96 hours before each potential flood, showing the areas most likely to experience flooding. During each flood, data on the total extent of the flood water is provided every 24 hours. The complete extent and depth of the...
ACKO launches ambulance-booking feature on App
In partnership with Red Health, ACKO, the tech-first insurer, has added a unique feature of booking an ambulance on its mobile app. The feature is currently available in Bangalore, and will go live in Delhi, Mumbai, Chennai, Hyderabad, and Kolkata in coming weeks. The...
Southern Brazil hit by the worst floods in more than 80 years
It was the fourth such environmental disaster in a year, following floods in July, September and November 2023 that killed 75 people in total Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing, the state...
Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
The disruptions cause ripple effects across several other container freight routes, particularly from Asia to the east and west coasts of South America, Maersk’s spokesperson said, adding that the Red Sea situation was complex and continued to evolve Disruption to Red...