As the New Year dawns, aviation stakeholders as well as the common...
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Reliance General Insurance fined Rs 1 cr by IRDAI
The IRDA order clafrified that the submission of the insurer failed...
Delhi tribunal awards Rs 1.26 crore compensation to family of man killed in 2023 road accident
The tribunal relied on CCTV footage, which showed that the bus had...
Lloyd’s and UNCDF to run parametric insurance training in climate vulnerable countries
Initially focussing on building and scaling solutions across Fiji and the Pacific Islands, the partnership will also seek to replicate the model in other regions, including Asia and parts of Africa London: Lloyd’s, the world’s leading marketplace for insurance and...
Bangladesh, Pakistan and India bottom in air quality rankings in 2023, data shows
Average concentrations of PM2.5 - small airborne particles that damage the lungs - reached 79.9 micrograms per cubic metre in Bangladesh in 2023, and 73.7 micrograms in Pakistan. The WHO recommends no more than 5 micrograms Singapore: Pakistan remained one of the...
Lockton makes 3 key appointments for its India ops
Us based Lockton, which has set up its operations in India recently, has appointed Mukul Bhatia, Irfan Shirwani, and Prasanna Hunur as team members in the country .These key additions will support Sandeep Dadia, chief executive officer of Lockton in India, in driving...
IRDAI Board meets today, to approve Bima Sugam
Bima Sugm will be officially called as Rashtriya Bima Sugam Nigam Ltd, built with an intial corpus of Rs 200 crore and the shareholding of the company will be widely held amongst life insurers, general insurers and health insurers with no single entity having...
India’s navy takes control of bulk carrier hijacked by Somali pirates and evacuates crew
Activity from Somali pirates has dropped in recent years, but there has been growing concern it could resume amid the political uncertainty and wider chaos in the region that has included attacks on ships by Yemen’s Houthi rebels New Delhi: The Indian navy said late...
Swiss Re’s Thorsten Steinmann to succeed Michael Pickel at Hannover Re
Thorsten Steinmann joins from Swiss Re, where he was most recently responsible for the reinsurance business in Germany, the Nordics, Austria, Central and Eastern Europe, the Netherlands, and Switzerland Hannover: The Supervisory Boards of Hannover Rück SE and E+S...
Indian insurance industry receives Rs 54,000 crore FDI since December 2014: DFS Secy Joshi
Financial Services Secretary Vivek Joshi said that the Assets Under Management (AUM) nearly tripled to Rs 60.04 lakh crore as on March 31, 2023 as compared to Rs 21.07 lakh crore in 2013-14, while total insurance premium recorded more than two-fold jump to Rs 10.4...
Star Health Insurance sets up operations in GIFT City
Anand Roy, MD & CEO of Star Health Insurance said, “This is a pivotal step in our expansion strategy, extending our reach beyond Indian borders and providing seamless access to our health insurance offerings for Non-Resident Indians (NRIs) and the global Indian...
Centre seeks more time to frame policy on online sale of medicines, Delhi HC grants ‘last opportunity’
The high court, which was hearing several petitions seeking a ban on the "illegal" sale of drugs online and challenging the draft rules published by the ministry to further amend the Drugs and Cosmetics Rules, listed the matter for further hearing on July 8 New Delhi:...
India’s universal health insurance plan achievable, says Devi Shetty
Devi Prasad Shetty, Founder and Chairman of Narayana Health This universal insurance program, according to Devi Shetty hasn't happened because of an inherent trust deficit between stakeholders -- insurance companies, hospitals, and patients New Delhi:India is poised...