Catastrophe insurance backed by catastrophe bonds are part of the...
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Willis launches Data Centre Practice in Asia
The Data Centre sector in Asia is experiencing unprecedented...
Super Typhoon Fung-wong slams into Philippines, two dead
The typhoon could cover two-thirds of the Southeast Asian...
Karnataka Govt to establish district-wide chemotherapy day-care centers
Siddaramaiah,Chief Minister, Karnataka Presenting the 2024-25 budget in the Assembly, Chief Minister Siddaramaiah said state-of-the-art Critical Care Blocks (CCB) will be set up in each district to provide better healthcare to patients suffering from critical illness...
‘Kerala united against rare diseases’ project will be crucial in rare disease treatment: CM Vijayan
Pinarayi Vijayan,Chief Minister, Kerala He said that the state government is trying to prepare a comprehensive care plan to prevent rare diseases, detect them early, provide currently available treatment, provide therapies and assistive technology devices, ensure...
Russia’s Aeroflot finalises insurance settlement for seven more planes
Russia’s Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday Russia’s Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday. Planes leased by Russian...
South Africa’s President will sign health insurance bill into law for providing universal health coverage
South Africa’s President Cyril Ramaphosa The law aims to provide healthcare to millions of poorer citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule South...
Swiss Re 2023 net profit surges almost six times, in line with expectations
"We achieved all our financial targets in a year that was characterised by geopolitical turbulence and continued economic uncertainty. Improved price adequacy in our property and casualty businesses following strong renewals and our underwriting discipline helped us...
India’s small exporters reel as Red Sea crisis helps rivals nab business
Many suppliers sign export deals on a cost, insurance and freight basis, making them responsible for any increases in freight and insurance costs New Delhi: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost...
Road ministry clarifies legal status of bike taxis
'It is clarified that as per section 2(28) of the MV Act, vehicles having less than four wheels fitted with an engine capacity exceeding 25cc are also included within the definition of motor vehicles. Hence, 'motorcycles' shall fall within the ambit of Section 2(7) of...
IRDAI proposes to increase free look period to 30 days for policyholders
No policy in case of life insurance shall be issued unless nomination is obtained, Nomination provisions relating to general, wherever applicable and health insurance policies introduced, Insurance policies meeting the defined criteria to be issued in Electronic form,...
Six PSU general re/insurers promote 16 officials as GMs
The government is yet to decide about the dates for holding interviews for selecting two CMDs, one for United India Insurance and another for New India Assurance and nine EDs for six companies New Delhi: Six PSU general insurers including GIC Re, who are members of...
Wipro invests $66 million in US insurtech Aggne
EAST BRUNSWICK, N.J/TAMPA, Fla/ BENGALURU: “The Aggne team has a deep and well-established experience in the P&C insurance space. Their unique IP and modular approach to implementations significantly accelerate time-to-market, driving faster business outcomes and...