The reversal is especially stark because Air India had been edging...
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Banks and insurers deliberate India’s upstream reforms agenda and investment opportunities
Perspectives were also shared by financial institutions and...
SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore...
IRDAI mandates Cross Boarder Reinsurers(CBRs) to furnish collaterals for accessing Indian business from Fy 25-26
IRDAI has clarified that premium retroceded by the branches of foreign reinsurers and Indian reinsurers to CBRs, premiums ceded to CBRs for the government schemes such as PMFBY, PMJAY, PMJJBY, PMSBY and If total premium ceded by an insurer to CBRs is up to Rs 75...
WHO members approve steps to bolster health regulations for pandemics
Yuanqiong Hu, a senior legal and policy advisor at Doctors without Borders, said that the changes adopted Saturday include "important provisions addressing equity in access to health products during global health emergencies". Geneva: The World Health organisation...
Passenger vehicle wholesales in slow lane in May due to high base effect elections
The overall passenger vehicle dispatches from companies to dealers stood at 3,50,257 lakh units last month as compared to 3,35,436 in the same month a year ago, registering a growth of 4 per cent New Delhi: Passenger vehicle wholesales in India witnessed a marginal...
Govt shortlists 5 candidates for member, Non-Life, IRDAI, interview on June10
Five candidates are Rejeshwri Singh, CMD, National Insurance Company, Randip Singh Jagpal, executive director, IRDAI, CS Radhika, general manger, United India Insurance and two other candidates from the private sector insurance industry-Balasubramanian Pulicat,...
DoT unveils 160 series for service, transactional voice calls
Now, for example, the service and transactional calls originating from financial entities like the RBI, SEBI, PFRDA, IRDA, etc shall start from 1601 New Delhi: The Department of Telecommunications (DoT) has introduced a new numbering series, 160xxxxxxx for making...
MS Amlin forecasts “substantially above average” hurricane activity
“The insurance industry can help people and businesses to absorb climate blows, but only if pricing adequately reflects the escalating risks of stronger, more destructive hurricanes in a warming world. Investing in sophisticated catastrophe modelling and research will...
Tata AIA ties up with Federal bank, ICICI Lombard with Capital Small Finance Bank
Capital Small Finance Bank has announced a bancassurance corporate agency tie-up with ICICI Lombard General Insurance. Anand Singhi, chief- retail and government, ICICI Lombard, said, “Our alliance with Capital Small Finance Bank is a strategic move to further expand...
Ambani’s financial services App to take on Google and Amazon
The company announced the test version of its platform, named JioFinance, for UPI transactions, bill settlements as well as insurance related services Mumbai: Billionaire Mukesh Ambani's Jio Financial Services has introduced a new super-app for digital banking and...
New India and GIC Re to launch India’s first Digital Identity Monitoring and Insurance Solution
“As more of the Indian population moves online and shares sensitive identity information on various platforms, it’s vital that individuals have access to the right protection should their data be breached. We are pleased to introduce our latest innovation in...
1st June Renewals: Moderated risk-adjusted property-catastrophe reinsurance pricing, says Howden Re
Risk-adjusted property-catastrophe rate-on-line 5% lower on averageDedicated sector capital now exceeds 2021 levelsA notable increase in insurance-linked securities (ILS) market activity with over USD 3 billion of issuance covering Florida perils year-to-date LONDON:...