(Lto R)Deepak Sood, member(Non-Life), Ajay Seth, chairman, IRDAI,...
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Moody’s expects India’s 7.3% economic growth in FY26 to push premium surge
Moody's said India's robust economic growth contributed to a 17 per...
Zurich Insurance offers $10 billion to buy UK insurer Beazley
Switzerland's Zurich said the offer it had gone public with on...
Future Generali India Insurance launches women-health insurance plan
Anup Rau, managing director and CEO, Future Generali India Insurance 75% of women believe that existing health insurance policies fall short of addressing women-specific needs, says an exclusive survey by Future Generali India focusing on gauging the pulse of Indian...
Bajaj Allianz General launches a Gen AI powered Bot “Insurance Samjho”
Bajaj Allianz General Insurance has launched "Insurance Samjho" a Gen AI powered Bot. This revolutionary next-generation AI technology bot is designed to simplify insurance complexities, empower customers with knowledge about their policies with easy-to-understand...
UK based Euromax Capital picks up 25% stake in Integrated Risk Insurance Brokers
UK based investment bank Euromax Capital has picked a 25 per cent stake in Indian insurance broker Integrated Risk Insurance Brokers (IRIBL). The deal has received approval from the Insurance Regulatory and Development Authority of India (IRDA), said the company.. ``I...
ICICI Lombard appoints Anand Singhi as its new Chief – Retail and Government Business
ICICI Lombard General Insurance has appointed Anand Singhi as its new Chief – Retail and Government Business. With an experience spanning over two decades in the company, Singhi has handled key functions in the company such as Business Operations, Underwriting,...
Higher reinsurance costs and growing catastrophe budgets to erode profits of Asia-Pacific insurers: S&P
"With central banks across Asia-Pacific looking to adjust interest rates at different times, relative value of assets and returns, as well as hedging costs, could move," said Craig Bennett, credit analyst at S&P Global Ratings Melbourne: International rating...
Govt directs Automobiles, Consumer Durables sectors to provide detailed info on warranty, service centres
Rohit Kumar Singh, Consumer Affairs Secretary To address the new as well as emerging concerns affecting consumers regarding the repair of their products, Consumer Affairs Secretary Rohit Kumar Singh held a meeting with the major stakeholders of four sectors --...
General insurance industry likely to hit Rs 3 trillion of premium in FY24
The Health portfolio, at Rs 90,788 crore, has remained the largest business for the industry till Jan 2024, followed by Motor(Rs74,500 crore) and Crop(Rs 25,549 crore) Mumbai: Propelled by a few private sector and PSU general insurers insurers along with the Health...
Generali CEO Philippe Donnet targets big insurance deals in Europe
Philippe Donnet,Chief Executive Officer The current takeover planning is focused on Generali’s core European markets and is considering mainly share-based deals, rather than cash. Other targets on its radar include Aegon Ltd, Ageas SA, Baloise Holding AG, Ergo Group,...
Ship evacuated after first civilian fatalities in Houthis’ Red Sea attacks
War risk insurance rates have already reflected the sinking of the Rubymar cargo ship, days after being hit by a Houthi missile on Feb 18, and the first fatalities from the True Confidence, said Munro Anderson, head of operations at marine war risk and insurance...
Passenger vehicles industry estimated to grow up to 9% this fiscal: ICRA
The utility vehicle (UV) segment continued to expand led by a shift in customer preferences coupled with a slew of product launches. Mumbai: The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the...