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Cyber attacks,Economic Slow down,Business Interruption ranked as top Indian business risks: Aon
“As cyber attacks and data privacy risks continue to rise, both in...
AI driving direct shifts in global insurance industry, says Swiss Re
Global insurance premiums are set to grow by 2.3% in real terms in...
UK based Euromax Capital picks up 25% stake in Integrated Risk Insurance Brokers
UK based investment bank Euromax Capital has picked a 25 per cent stake in Indian insurance broker Integrated Risk Insurance Brokers (IRIBL). The deal has received approval from the Insurance Regulatory and Development Authority of India (IRDA), said the company.. ``I...
ICICI Lombard appoints Anand Singhi as its new Chief – Retail and Government Business
ICICI Lombard General Insurance has appointed Anand Singhi as its new Chief – Retail and Government Business. With an experience spanning over two decades in the company, Singhi has handled key functions in the company such as Business Operations, Underwriting,...
Higher reinsurance costs and growing catastrophe budgets to erode profits of Asia-Pacific insurers: S&P
"With central banks across Asia-Pacific looking to adjust interest rates at different times, relative value of assets and returns, as well as hedging costs, could move," said Craig Bennett, credit analyst at S&P Global Ratings Melbourne: International rating...
Govt directs Automobiles, Consumer Durables sectors to provide detailed info on warranty, service centres
Rohit Kumar Singh, Consumer Affairs Secretary To address the new as well as emerging concerns affecting consumers regarding the repair of their products, Consumer Affairs Secretary Rohit Kumar Singh held a meeting with the major stakeholders of four sectors --...
General insurance industry likely to hit Rs 3 trillion of premium in FY24
The Health portfolio, at Rs 90,788 crore, has remained the largest business for the industry till Jan 2024, followed by Motor(Rs74,500 crore) and Crop(Rs 25,549 crore) Mumbai: Propelled by a few private sector and PSU general insurers insurers along with the Health...
Generali CEO Philippe Donnet targets big insurance deals in Europe
Philippe Donnet,Chief Executive Officer The current takeover planning is focused on Generali’s core European markets and is considering mainly share-based deals, rather than cash. Other targets on its radar include Aegon Ltd, Ageas SA, Baloise Holding AG, Ergo Group,...
Ship evacuated after first civilian fatalities in Houthis’ Red Sea attacks
War risk insurance rates have already reflected the sinking of the Rubymar cargo ship, days after being hit by a Houthi missile on Feb 18, and the first fatalities from the True Confidence, said Munro Anderson, head of operations at marine war risk and insurance...
Passenger vehicles industry estimated to grow up to 9% this fiscal: ICRA
The utility vehicle (UV) segment continued to expand led by a shift in customer preferences coupled with a slew of product launches. Mumbai: The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the...
Aon acquires AI-Powered platform to help fleet & mobility clients make better, insight-driven decisions
"It is more important than ever for our fleet and mobility clients to have access to data-driven insights and tools that inform their risk and business strategies," said Jillian Slyfield, chief innovation officer at Aon DUBLIN: Aon plc, a leading global professional...
Animesh Das to be CEO of ACKO General Insurance
Animesh Das, CEO designate, ACKO General Insurance ACKO has now set itself ambitious goals for the upcoming year, eyeing a gross written premium(GWP) of nearly Rs 3000 crore Bengaluru: ACKO General insurance has elevated its chief underwriting officer Animesh Das as...