The Indian government's survey findings have shown the estimated...
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India expands Russian marine insurance options
India has also extended the registration of Russia's Soglasie...
Health insurance prm hits Rs1.37 trillion,surges 15.4 % in FY 26, Fire replaces Crop as 3rd largest industry portfolio
With No1 position, Health Insurance share in the Indian general...
Middle East Crisis: How US-Israeli war on Iran is upending global business
The war has closed much of the region’s airspace and crippled Dubai and Doha airports, two of the world’s busiest transit hubs, stranded tens of thousands of passengers and forced airlines to cancel about 40,000 flights–the travel industry’s biggest disruption since...
IRDAI issues licenses to Kiwi General Insurance and Allianz Jio Reinsurance, approves draft regulations for new SBSR Act
Ajay Seth, Chairman, IRDAI In order to expedite the regulatory alignment process and incorporating reforms of SBSR Act(the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, the IRDAI granted in-principle approval for drafting and publishing the draft...
Govt says Air India plane crash probe report will be out “very soon”
"Regarding the AI171 crash that happened in June last year, the investigation is going at a very good pace, and all the resources that are required for AAIB, the primary agency which is looking into the investigation, the ministry is providing.And I would say that...
Lockton Re launches Agentforce 360 Platform
Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce will support the streamlining of some of our sales activity, creating better informed and more digitally connected broking teams. Many of our client teams are truly global and so the ability to share and...
Aon announces first stablecoin insurance premium payment
Led by Aon's digital asset practice, this initiative builds on established digital-asset risk advisory capabilities, translating industry leading client services in insurance and risk management into practical application within the firm's own operations. Recent U.S....
Govt to curb opaque shipping surcharges amid Middle East tensions: Report
The move comes after exporters flagged sharp and sometimes arbitrary increases in logistics costs, particularly during the current geopolitical crisis that has disrupted global shipping routes and pushed freight rates higher. New Delhi: The government is preparing to...
Strengthen cyber and operational resilience amid geopolitical tensions: Nasscom
According to Nasscom, several companies have begun activating or reviewing business continuity plans for operations linked to affected countries to ensure uninterrupted service delivery in the event of regional disruptions.Organisations are also prioritising employee...
US’s DFC announces $20B plan for Maritime Reinsurance in the Gulf
Working alongside CENTCOM, DFC coverage will offer a level of security no other policy can provide. We are confident that our reinsurance plan will get oil, gasoline, LNG, jet fuel, and fertilizer through the Strait of Hormuz and flowing again to the world,said DFC...
Go Digit gets GST demand notice of about ₹170 crore for FY18-FY22
Go Digit General Insurance on Saturday said it has received a demand notice of about ₹170 crore for short payment of goods and services tax (GST) for nearly five years.The company has received an order copy from the Office of the Commissioner of GST & Central...
Reinsurers scrap war-risk cover after US torpedoes Iranian ship
Indian insurers and reinsurers have canceled hull coverages in war-affected areas after GIC Re flagged its seven-zone hull war-risk plan, effective March 1. The amended plan designates high-risk waters including Pakistan, the Persian Gulf, and Iran, besides...