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Hormuz Strait shuts after US-Iran clashes
President Donald Trump again threatened more intense strikes if...
Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report
According to the report, insurers that combine reusable AI...
West Asia Crisis: Higher underwriting uncertainty in global terrorism and political violence insurance markets
For insurers and reinsurers, the key issue is not only the probability of attacks but also how losses may accumulate across multiple insurance lines. Terrorism and political violence incidents can trigger claims simultaneously in property, marine, aviation, and...
Lloyd’s to continue providing cover for vessels traveling through Strait of Hormuz
Shippers seeking insurance for tankers going through the strait “is pretty rare at the moment because people are focused on safety and security,” Lloyd’s chief executive officer Patrick Tiernan London:The Lloyd’s of London insurance market will continue to provide...
Govt announces Rs 500 crore RELIEF measures to support exporters amid West Asia conflict
Rajesh Agrawal,Commerce Secretary The scheme focuses on mitigating the sharp rise in logistics costs and insurance premiums for shipments heading to the Gulf and West Asia.The support is divided into three distinct components to address different segments of the...
Navi launches Motor cover
Navi General Insurance has launched a Motor cover. Customers can purchase comprehensive, own-damage or third-party policies for cars and two-wheelers directly on the Navi app, with instant policy issuance, transparent pricing and zero commissions. ``Motor insurance is...
West Asia Crisis:Govt considers setting up of a Rs 1000 crore Marine Reinsurance Pool and Indian P&I Club as insurance premiums rise for ships
Rajesh Kumar Sinha,Special Secretary, Shipping Ministry Speaking during an inter-ministerial briefing, Special Secretary in the Shipping Ministry Rajesh Kumar Sinha, said,`` We’ve made considerable progress on discussions about a P&I club. A few days ago we raised...
AIC launches Krishi Sakhi for Women farmers
The initiative is in alignment with the recognition of the year 2026 as the 'International Year of the Woman Farmer' by the United Nations New Delhi:Agriculture Insurance Company of India Limited (AIC) has launched the Krishi Sakhi initiative to empower women farmers...
Hormuz traffic plunges sharply, daily vessel crossings drop to 10 from 135 in Feb: S&P Global Energy
The slowdown has led to severe congestion, with around 850 oil tankers clustered in the region. Daily tanker transits have fallen to just two to three, compared to the usual 60. New Delhi:Daily vessel crossings through the critical Strait of Hormuz have plunged to...
IRDAI meets stakeholders of healthcare industry,forms 5 Working Groups for addressing critical challenges in health insurance
"The collaboration between payers and providers is essential for a sustainable healthcare ecosystem.These Working Groups represent a coordinated effort to put the patient at the centre of our care journey while ensuring operational efficiency and data-backed policy...
MACT orders Bajaj Allianz General to pay Rs4.59 crore as compensation to parents of a 35-year-old Italian engineer
The court rejected the argument absolving the insurer(Bajaj Allianz General Insurance) of the truck of all liability on the basis of the driver not having a valid licence, as it noted no evidence to substantiate the claim had been placed on record. The insurance...
Public Insurance Registry to modernise information architecture of insurance sector:Seth
Ajay Seth, chairman, IRDAI `By enabling standardised, consent-based access to structured insurance data, the Public Insurance Registry seeks to enhance transparency, strengthen consumer confidence, and support more effective regulatory oversight. This reform is...