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Berkley Insurance Asia launches operations in India’s GIFT City
“India has long been an important market for Berkley Insurance Asia...
Common people suffer from exploitation of insurance firms, private hospitals: Raghav Chadha in Parliament
Sometimes cashless treatment is denied, sometimes claims are...
BAGIC’s net profit jumps 18% to Rs 380 crore in Q4FY24
BAGIC’S underwriting loss stood at Rs 76 crore for 04 FY24 as compared to a loss of Rs 2 crore in 04 FY23.The insurer’s combined ratio stood at 101.6 per cent in Q4 FY24 over 97.3 per cent in 04 FY23. Pune: Bajaj Allianz General Insurance...
Bima Vistaar: IRDAI unveils premium for its mass combo cover at Rs 1500, for a family at Rs 2420
Debasish Panda, chairman,IRDAI Bima Vistaar will have a combined features of Life, Health, Personal accident and Property. For Life cover a premium of Rs 820 has to be paid while Health, Personal accident, Property have been priced at Rs 500, Rs 100 and Rs 80...
RBI plans curbs on suspect bank accounts to fight cyber frauds
The plans come as internal government data shows individuals have lost funds of nearly $1.26 billion in financial institutions to cyber fraud since 2021, with one of the sources saying about 4,000 fraudulent accounts are opened every day Tens of thousands of Indians...
Russia reinsurer backs firms to get India marine insurance permit
Russian companies Sogaz Insurance, Alfastrakhovanie, and VSK Insurance, have joined Ingosstrakh as insurers approved by India for providing marine insurance cover, an order posted on Indian shipping regulator's website showed "With the backing of the Russian National...
Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
In a statement the ICICI Bank spokesperson said that it came to their notice that "about 17,000 new credit cards which were issued in the past few days were erroneously mapped in our digital channels to wrong users". "No instance of misuse of a card from this set has...
82% of Singaporean business leaders fear elections across the globe impacting international trade: Beazley report
Jack Suk, Underwriter, Political Risks & Trade Credit, Asia Pacific, Beazley said: “Materials vital to the energy transition and development of electric goods are an increased focus for companies. As some developed countries look to move their supply chains away...
GIPSA notifies postings of 16 new GMs
The GIPSA, the coordinating body for the six PSU general insurance companies including GIC Re and Agriculture Insurance Company(AIC) have notified all 16 appointments of newly selected general mangers,Chndra S Iyer from GIC Re has been appointed as one of general...
Invest in disaster resilience today for safer tomorrow: Indian PM Modi
"Earthquakes destroy houses, making thousands of people homeless. Natural disasters can disrupt water and sewage systems, putting the health of people at risk. Some disasters can impact energy plants, leading to potentially dangerous situations. These things have a...
Bima Manthan: Panda to address 2-day summit of industry CEOs on Thursday in Hyderabad
Debasish Panda, chairman, IRDAI Narendra Modi led NDA government has identified insurance reforms, like composite license, 100 per cent FDI and allowing Captive insurance, high on its first 100-days agenda if it returns to power. The IRDAI has to prepare industry's...
World’s workers increasingly at risk as climate changes, ILO says
Workers, especially the world’s poorest, are more vulnerable than the general population to the dangers of climate extremes such as heatwaves, droughts, wildfires and hurricanes because they are often the first exposed or exposed for longer periods and at greater...