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S Prakash appointed as first CEO,Health Insurance, GI Council,to spearhead sector reforms
S Prakash, CEO-designate, Health Insurance, General Insurance...
Punjab to roll out Rs 10 lakh universal healthcare cover for 65 lakh families,UII to provide Rs 1lakh health insurance
Mathew George,executive director, United Indian Insurance and...
Lloyd’s of London inadequate on ESG, Report says
French insurer Axa SA topped the property & casualty league table, while Japan’s Sony Financial Group came bottom London: The Lloyd’s of London insurance market’s environmental, social and governance standards are weak, as its members have exposure to fossil fuel...
Dearth of mechanics and higher repair costs lead to dip in UK electric car sales
A dearth of mechanics trained to handle the most advanced EV fixes is helping to drive up repair costs, according to insurers and repair companies like the AA, which provides roadside assistance across the UK. Add in expenses like long wait times for replacement...
Israel bracing for potential direct attack from Iran in days
The assault from Iranian soil has emerged as one of the main scenarios expected by the Jewish state and its allies, said the people, who asked not to be identified as they aren’t authorized to discuss the matter publicly. A bombardment with drones and precision...
India ranks number 10 in cybercrime, study finds
Russia topped the list, and was followed by Ukraine, China, the US, Nigeria and Romania. North Korea was at the seventh position, while the UK and Brazil were at the eighth and ninth positions, respectively, according to the research published in the journal PLoS ONE...
ANALYSIS-Climate verdict for Swiss women a warning for European states, oil industry
It's "going to have a significant impact on the other pending cases before the European Court," said Tom Cummins, partner at British multinational law firm Ashurst. There are seven lawsuits pending at the ECtHR that rest their argument on the same rights violation...
Lloyd’s announces Dawn Miller as new Chief Commercial Officer and CEO of Lloyd’s Americas
John Neal, Lloyd’s CEO said,“The Americas represents over 60 per cent of our market’s total premium and as we look to increase our presence, it is vital that we have the right people on the ground to deliver our ambitions. The appointment of Dawn and Marc to their new...
Panda to meet industry CEOs tom in Mumbai to review Bima Sugam and `Cashless Everywhere’ scheme
Debasish Panda,chairman,IRDAI Though, earlier, IRDAI had set a deadline of July 2024 for the Bima Sugam project to go live, observers point out delay in operation as the set of key components of this insurance electronic marketplace , including forming a...
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...