In its order dated November 10, the tribunal said, "It is well...
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Substantial growth in insurance biz since GST rationalisation: Irdai’ Sood
"What we've seen in October, that is an indication of how things...
Finmin asks hospitals, insurers to make healthcare affordable and accessible for policyholders
M Nagaraju, Secretary,Financial Services , Ministry of Finance The...
European reinsurers’ renewals indicate peaking underwriting margins: Fitch
``We expect strong underwriting profitability to continue supporting the reinsurers’ ratings this year, with price levels and favourable terms and conditions adequately compensating for high claims inflation. Investment income will continue to bolster earnings as...
SC asks govt to fix standardised rates for hospital treatments across the country in next six weeks
`We, direct the Secretary, Department of Health, Union of India to hold a meeting with his counterparts in the State Governments/Union Territories and come with a concrete proposal by the next date of hearing((in the next six week).In the event the central...
More than 40 pc pillion riders do not wear helmets, sustain serious injuries in accidents: AIIMS Trauma Centre
In the data collected by AIIMS Trauma Center, it has also been found out which vehicle has seen the maximum number of road accidents. In the year 2022, the number of M2W i.e. two-wheelers is the highest which includes motorcycles, scooters etc. In the year 2022,...
India’s rural-urban income gap declines sharply amid fall in poverty level: SBI Report
The states once considered laggards are showing the maximum improvement in rural and urban gap. States like Bihar, Uttar Pradesh, Madhya Pradesh are showing increasingly the impact of these factors, the report adds New Delhi: Along with the sharp decline in poverty in...
Globally, 1 accident reported for every 1.26 mn flights operated in 2023: IATA
Releasing the data, the International Air Transport Association (IATA) on Wednesday said there were no hull losses or fatal accidents involving passenger jet aircraft in 2023 New Delhi: There was one accident for every 1.26 million flights operated globally in 2023...
Fast-growing Asian economies China, India,Thailand and Philippines most vulnerable to climate change: Swiss Re Report
Risk reduction through adaptation fosters insurability. The insurance industry is ready to play an important role by catalysing investments in adaptation, directly as a long-term investor and indirectly through underwriting climate-supportive projects and sharing risk...
Red Sea attacks add urgency to Mideast Trade route
Almost all of India’s trade with Europe goes through the Red Sea channel, India’s ambassador to the United Arab Emirates said, adding to the urgency for the India-Middle East-Europe Economic Corridor project The volatile situation in the Red Sea increases the need for...
Hinduja Group to delist Reliance Capital from bourses, shares to be extinguished
“The liquidation value of the equity shareholder of RCL (Reliance Capital) is nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing by RCL Mumbai: Hinduja...
Berkshire posts record profit on insurance, investments
Berkshire Hathaway has reported net underwriting earnings across its re/insurance operations of $5.4 billion for the full year 2023 compared with a loss a year earlier. Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating...
Munich Re sees positive environment in upcoming April and July renewal rounds
``2023 was another successful year for Munich Re. With the exception of systemic risks – such as cyber and pandemic – our appetite for covering existential risks for people and enterprises is far from exhausted, '' said Joachim Wenning, Chair of the Board of...