President Droupadi Murmu The Bill introduces an elaborate framework...
Category:
Non-Life
Latest
Catastrophe bonds linked to wildfires lose ‘untouchable’ status
More than $5 billion of cat bonds with some level of exposure to...
Indian Insurance Industry-2025: A Year of Consolidation, Customer Focus and Sustainable Growth
Consumers increasingly opted for higher sum insured policies,...
Apple warns of ‘mercenary spyware attack’ on users in India, 91 other countries
Mercenary spyware attacks are rare and vastly more sophisticated than regular cybercriminal activity or malware, according to the notification email. The iPhone-maker has sent threat notifications such as these multiple times a year since 2021, the notification email...
Europe’s wildfires in 2023 were among the worst this century, report says
Preliminary data for the first three months of 2024 show almost double the average number of fires, although these did not have major impact in terms of burnt areas According to the report, the wildfires produced some 20 megatonnes of CO2 emissions, equivalent to...
Super election year increases risks of political violence in many countries, warns Allianz
As unrest can now spread more quickly and widely, thanks in part to social media, financial costs from such events for companies and insurers are mounting. Economic and insured losses from just seven civil unrest incidents in recent years cost approximately US$13bn...
Air India retains its insurance premium at $30 million, renews a larger fleet for FY 24-25
AI, which was renewed successfully on Apr 1 in the London market, has kept its old pack of insurers and reinsurers but has allocated higher shares to its own group company Tata AIG General insurance, which is now the leader for the policy and another...
ICICI Lombard partners Policybazaar to sell its products
ICICI Lombard General Insurance has partnered with Policybazaar to distribute its product the insurance platform . The collaboration encompasses access to nearly 10 million customers with a wide range of insurance products, including motor insurance, health insurance,...
March marks yet another record in global heat
"It's the long-term trend with exceptional records that has us very concerned," C3S Deputy Director Samantha Burgess told Reuters. "Seeing records like this - month in, month out - really shows us that our climate is changing, is changing rapidly," she added The world...
India likely to get normal monsoon this year, Skymet says
The weather forecaster expects "sufficiently good rains" in southern, western and north-western parts of the country. Punjab, Haryana, Rajasthan and Uttar Pradesh in the north together make the farm bowl of north India New Delhi: India is expected to see a normal...
Zurich Insurance to halt coverage of new fossil-fuel exposures
Zurich says its policy update is limited to new fossil-fuel projects, and that it will continue to underwrite existing ones. The company also says the measures are unlikely to have a significant impact on its bottom line Zurich Insurance Group AG will no longer...
World Health Day: What is ailing Indians, and the progress made so far
"Key health issues faced by Indians include high incidence of non-communicable diseases like cardiovascular diseases, diabetes, obesity and hypertension. Respiratory infections and malnutrition are also increasing," J P S Sawhney, Chairperson, Department of...
Automobile retail sales log double-digit growth in FY24: FADA
The retail sales across segments rose by 10 per cent to 2,45,30,334 units last fiscal as compared with 2,22,41,361 units in 2022-23.Notably, the PV, three-wheeler and tractor segments set records, surpassing previous years' performances Automobile retail sales in...