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Lloyd’s to venture into GIFT-IFSC, to apply for a license from IFSCA soon
This will be Lloyd’s second entry into Indian reinsurance market as...
Insurance, 8 other economic bills to be taken up in Winter Session
As per the list of Bills circulated with the members of Parliament...
HDI Global adopts generative AI with proprietary GPT system
"With HDI-GPT we are for the first time looking to generative AI for the transformation of core insurance processes and for workflow optimisation," Dr Thomas Kuhnt, Chief Operating Officer at HDI Global SE Hannover: Creating added value through artificial intelligence...
Toyota warns 50,000 vehicle owners to stop driving, get immediate repairs
More than 30 deaths worldwide, including 26 U.S. deaths, and hundreds of injuries in various automakers' vehicles since 2009 are linked to Takata air bag inflators that can explode, unleashing metal shrapnel inside cars and trucks Washington: Toyota Motor said on...
Cold snap helps India’s wheat crop but warm weather forecasts pose risk
Although India's fertile plains have seen a chilly winter, a lack of snowfall in the mountainous regions has raised concerns of a sudden, abrupt rise in temperatures. Both minimum and maximum temperatures in northern and north-western states have started to rise, an...
Ayushman Bharat: 6.2 hospital admissions with 30.3 cr cards issued till Jan 17
National health accounts data also demonstrates a consistent decline in out-of-pocket health expenditure, from 62.6 per cent of total health expenditure (the) in FY15 to 47.1 per cent of the in FY20 New Delhi: The Finance Ministry on Monday said that the Central...
Howden launches first-of-its-kind carbon capture and storage insurance facility
The insurance facility, designed by Howden and led by SCOR’s syndicate at Lloyd’s, provides cover for environmental damage and loss of revenue arising from the sudden or gradual leakage of CO2 from CCS projects into the air, land and water London: Howden today...
Climate change figures prominently in Pakistan political parties’ manifestos
Ranked as the 5th most vulnerable country to climate change according to the Global Climate Risk Index, a UN report has warned that Pakistan will experience increasingly severe extreme weather events. The total damage from the devastating floods in 2022 that hit 33...
Howden appoints Mike Baker as Chief Client Officer in Asia
Howden today announced the appointment of Mike Baker as Chief Client Officer in Howden Asia with immediate effect.Baker will be based in Singapore and will report to Goh Chye Huat, CEO, Howden Asia. Baker’s role is to further develop with complex risk requirements...
Red Sea route accounts for 50% India’s exports, 30% of imports: Report
The Shanghai Northern Europe container freight rates have risen by over 300 per cent to USD 6,000-7,000/TEU) since November 2023 The impact of the ongoing crisis around the Red Sea shipping route, which accounts for 50 per cent of the country's exports and 30 per cent...
“Actors falling ill, sets collapsing…”: Subhash Ghai on what made him introduce insurance policy in Bollywood
Subhash Ghai "They(bank) provided banking facilities on our name and introduced insurance policies called Mukta Cine(Cine Mukta) policy. It's not just about Mukta policy; it signifies a positive change in the industry." Mumbai: Subhash Ghai, the visionary behind...
Exports from Kolkata port may be hit due to soaring freight rate rice ban geopolitical turmoil
"Freight costs have soared to USD 400-500 per 20ft container and USD 600-700 for 40ft container shipments to the UK," Debojyoti Basu, vice-president of the Calcutta Customs House Agents' Association Kolkata: Exports from Kolkata port, a gateway to eastern India, are...