The company's combined ratio was at 102.3 per cent in Q2FY 26 as...
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Willis announces senior Cyber appointments in Asia
Willis, a WTW business has appointed Conor Keating as Head of...
Aon launches AI-enabled claims copilot
“It empowers our professionals to turn insight into action, helping...
Govt shortlists 4 candidates for selecting IRDAI’s Member, Distribution
Out of many applicants, who had applied for the job, the Ministry of Finance, has shortlisted the names of Satyajit Tripathy, CMD, United India Insurance, Randip Singh Jagpal, executive director, IRDAI, LK Shyamsunder, zonal manager, South Central Zone, Life Insurance...
ICICI Lombard appoints Priya Deshmukh as Head – Health Products, Operations & Services
ICICI Lombard General Insurance has announced the appointment of Priya Deshmukh as Head of its Health Products, Operations & Services. She has 27 years of experience and was chief operating officer at Manipal Cigna Health Insurance before joining ICICI Lombard. In...
Overseas Indian students can now avail US Dollar health plan from HDFC Life International
HDFC Life International, based in GIFT IFSC, has launched a comprehensive US Dollar Student Health Insurance Plan, under the plan name ‘Global Student Health Care’. The plan is designed for students who are presently pursuing higher education abroad. It offers...
India seeks $26 bln of private nuclear power investments
This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation. The funding would help India to achieve its target of having 50% of its...
IRDAI considers mandating Cross Boarder Reinsurers to furnish large collaterals for accessing Indian business
`The CBRs have been getting significant amount of premiums from India and their share in the Indian reinsurance market is increasing. It is now felt necessary to ring-fence the interests of Indian insurers to maintain their ability to meet obligations towards...
Yemen’s Houthis say ship attacked in Gulf of Aden may sink
“Shipping companies must weigh up the increased costs and journey times against the risk to their vessels, and, most importantly, the safety of the crew onboard,” insurance broker Gallagher Speciality Marine said in a report last week CAIRO/LONDON: Yemen’s Houthi...
Indian diesel diverted to Asian markets as Houthis attacks impact flows to Europe
Tankers heading to Europe or the Atlantic Basin are being forced by the Houthi threat to go around South Africa’s Cape of Good Hope, increasing journey lengths and costs, or use the Suez Canal, “with the risks involved and extremely high war risk insurance Shipments...
Star Health gets GST notice of Rs 170 cr on reinsurance deals
Star Health and Allied Insurance Company said that it has received a tax demand order for Rs 170 crore, along with a penalty of Rs 8.7 crore on non-payment of GST liability on the re-insurance commission received by the company during the period April 2018 to March...
Policybazaar Insurance Brokers gets reinsurance license
Policybazaar Insurance Brokers (Policybazaar), PB Fintech’s wholly-owned subsidiary, has received the nod from the IRDAI ) to upgrade its license from a direct insurance broker to a composite insurance broker. A composite insurance broker can also intermediate...
Sonowal launches ‘Sagar Aankalan’ guidelines for Indian Port Performance Index
Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways and Ayush The MoUs signed at GMIS 2023 encompassed various facets of the maritime sector, including port development, modernization, green hydrogen and ammonia, port-led development, the cruise...