The new Steering Team for Asia Pacific includes- Tony Lim, CEO of...
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Bajaj Finserv rebrands insurance businesses as Bajaj General Insurance and Bajaj Life Insurance
Sanjiv Bajaj, chairman & managing director, Bajaj Finserv "The...
IBAI meets Sitharman, submits proposals for insurance inclusion
Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management, with Hong Kong, New Delhi, Shanghai, Singapore and Tokyo scoring high for culture of readiness Bangkok, Dhaka and Jakarta are poorly equipped to respond to flood, while New Delhi and Dubai are...
Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa
Isaac Meek,cyber senior underwriter, Markel In his new post, Meek will work closely with Priyesh Pradhan, Professional and Financial Risk (PFR) Senior Underwriter at Markel India, to drive the growth of Markel’s cyber offering in MENA and the broader Asia-Pacific...
AM Best revises outlook on India’s Non-Life Insurance segment to stable
The Best’s Market Segment Report, “Market Segment Outlook: India Non-Life Insurance,” notes that factored into the outlook revision are recent regulatory shifts that have allowed for increased and new investments in Indian insurers by multinational players and direct...
Hillary Clinton at COP28 climate talks calls for insurance reform
Former U.S. Secretary of State Hillary Clinton “We need to rethink the insurance industry,” Former U.S. Secretary of State Hillary Clinton said during a panel on women and climate resiliency. “Insurance companies are pulling out of so many places. They’re not insuring...
UP govt provides assistance of up to Rs 5 lakh under Farmer Accident Welfare Scheme
Yogi Adityanath, Chief Minister,Uttar Pradesh It is noteworthy that under the scheme, started by the Chief Minister in 2019, immediate assistance of up to Rs 5 lakh is being given by the District Magistrate in case of accidental death or disability of the farmers of...
Chennai grapples with torrential rain as memories of 2015 floods return
Transportation services took a severe blow, with numerous trains and flights canceled. Waterlogged roads presented challenges for the scarce number of road users. Operations at the Chennai airport were halted from 9:40 am to 11 pm, with about 70 flights canceled due...
Former BoI MD Atanu K Das selected as next IIRM director
The post of the director at IIRM will fall vacant shortly as the incumbent Suresh Mathur, who is on deputation from the IRDAI, will be retiring soon Hyderabad: Atanu Kumar Das, former MD & CEO, Bank of India(BoI), 60, has been selected by the insurance regulator...
Strong quake in Philippines triggers tsunami warnings and evacuations
The U.S. Tsunami Warning System, which initially warned of waves of up to 3 metres (10 feet) above the usual high tide level, later said there was no longer a tsunami threat The Philippine Institute of Volcanology and Seismology, Phivolcs, maintained that the risk of...
Festive demand, better production lead to highest-ever November PV wholesales
''It is the highest-ever November wholesale figure for the passenger vehicle segment,'' Maruti Suzuki India (MSI) Senior Executive Officer (Marketing and Sales) Shashank Srivastava told reporters in a virtual call New Delhi: Passenger vehicle (PV) dispatches rose to...
Govt has no plans to table `The Insurance Bill, 2023 during Winter Session of Parliament
``By all means, the fate of the `The Insurance Bill, 2023’ is now sealed and it depends upon the next government, which will be in place by June 2024, to take a call on this legislative document,’’ said government sources New Delhi: Any hope of `The...