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Cyber attacks,Economic Slow down,Business Interruption ranked as top Indian business risks: Aon
“As cyber attacks and data privacy risks continue to rise, both in...
AI driving direct shifts in global insurance industry, says Swiss Re
Global insurance premiums are set to grow by 2.3% in real terms in...
China’s magnitude-6.2 earthquake kills over 100 in impoverished northwest
About 400 people were injured, thousands of buildings collapsed and some infrastructure were damaged, according to state media Beijing: Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an...
India Wellness Index: Booming Health techs and strained social bonds
“Spending quality time with family sees a decline among working women, leading to a decreased feeling of well-being, with only 53% of women claiming they spend quality time with their families & community in 2023, compared to 64% in 2022. This reflects the...
PMJDY remains driving factor behind empowerment of unbanked; 51 cr accounts opened
More than 41 crore beneficiaries have benefited from accident insurance worth Rs 2 lakh under Pradhan Mantri Suraksha Bima Yojana New Delhi: Pradhan Mantri Jan Dhan Yojana (PMJDY) remains the driving factor behind the empowerment of countless unbanked citizens with...
More reinsurers will enter the Cyber Market in 2024, predicts New CyberCube Report
While there will be an increase in the frequency of cyber attacks fueled by the proliferation of Artificial Intelligence (AI), the insurance sector will work more closely with SMEs to address their needs. LONDON: Traditional reinsurance companies will start offering...
Miller continues reinsurance growth with appointment of Chris Board
Miller, a specialist (re)insurance broker, has appointed Chris Board to its reinsurance team. He will initially be based in Bermuda and report to Charlie Simpson, Head of Bermuda. Chris’ appointment is part of Miller’s strategic reinsurance build out and follows a...
Lloyd’s of London extends lease on iconic building until 2035
The deal with landlord Ping An Insurance Group, which came together on Friday, not only grants Lloyd’s an option to stay in the Richard Rogers-designed high-rise until 2040, but also involves a commitment to invest in reducing the Grade I-listed building’s energy...
London marine insurers widen high risk zone in Red Sea as attacks surge
Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza London: London’s marine insurance market has widened the area in the Red Sea it deems as high...
Bima Sugam: Insurers select E&Y as a consultant, new company and CEO soon to implement the project
Going by the earlier plans, Bima Sugam, built with a budget of Rs 200 crore,will be a centralised marketplace and a one-stop-shop for all insurance-related queries, including policy purchase, claim settlement, insurance advice and grievance redressal New...
Small cities to play key role in achieving resolve of developed India by 2047: PM Modi
The government is committed to saving money for urban families, be it exemption in income tax or low-cost treatment. The inclusion of crores of urban poor in the Ayushman Bharat initiative has helped them save Rs 1 lakh crore on medical expenses. Medicines were made...
Andhra hikes free medical treatment scheme limit to Rs 25L , monthly social pension to Rs 3K
YS Jagan Mohan Reddy,Chief Minister, Andhra Pradesh "Andhra Pradesh Cabinet has approved the proposal to launch the second phase of Jagananna Arogya Suraksha from January 1 and enhance the free medical treatment limit under YSR Aarogyasri to Rs. 25 lakhs and make it...