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Common people suffer from exploitation of insurance firms, private hospitals: Raghav Chadha in Parliament
Sometimes cashless treatment is denied, sometimes claims are...
Thailand floods “paralyzed” flow of high tech components and car parts to neighboring Malaysia
The floods are the worst on record for southern Thailand, with the...
Fast-evolving threat landscape leaves APAC businesses vulnerable: Beazley study
“As boardrooms prepare for risks on the horizon, it is encouraging that 37% of boardroom executives in Singapore are planning to explore insurance options that include risk and crisis management. In 2024, the insurance industry has a large role to play in helping...
Reinsurance: Jan 1 renewals see favourable market conditions
David Howden, founder & CEO, Howden Headwinds are nevertheless likely to persist into 2024. Expectations are for modest economic growth across advanced economies. Inflation volatility, climate change, the net-zero transition, civil unrest and war, can be more...
Why truck-bus-tanker drivers are up in arms against new law for hit-and-run cases?
There's a lack of consensus, with some arguing that over-speeding alone is not rash driving. The criteria for rash and negligent driving remain arbitrary and unclear, advocate Shashank Dewan New Delhi: With nation-wide strikes by truck drivers entering the second day...
Global shipping firms continue to pause Red Sea shipments
The Suez Canal is used by roughly one third of global container ship cargo. Redirecting ships around the southern tip of Africa is expected to cost up to $1 million in extra in fuel for every round trip between Asia and northern Europe Denmark's Maersk and German...
Govt shortlists 5 GMs for selecting CMDs of New India and United India
The five GMs are –BS Rahul, Agriculture Insurance Company(AIC), Sunita Gupta, Oriental insurance Company(OIC), Hitesh Joshi along with two of his other colleagues V Balkrishna and his spouse Jayshree Bala from GIC Re Rahul will only be considered for UII and NIA...
Japan Airlines plane on fire at Tokyo’s Haneda airport,all 379 passengers, crew escape
All the 367 passengers plus eight toddlers and 12 crew on board the Airbus SE A350-900 plane were safely evacuated, an airline spokesperson said by telephone. Flight JL516, operated by a 2 year old Airbus A350-900 jet, took off from New Chitose airport near Sapporo at...
Japan issued tsunami alerts after a series of strong quakes in the Sea of Japan
A tsunami of about 3 metres high was expected to hit Niigata and other prefectures on the western coast of Japan. Smaller tsunami waves were already confirmed to have reached the coastline, according to NHK.The area includes a nuclear plant. Tokyo Electric Power Co.,...
Indian health insurance industry anticipates a transformative 2024
Prasun Sikdar, MD and CEO, ManipalCigna Health Insurance The initiatives such as a unified network of hospitals and 100% health insurance claim settlement system nationwide will offer flexibility to consumers and significantly reduce the financial burden With growing...
Progressive Indian general insurance sector
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance The IRDAI initiated the journey towards adopting IFRS 17 and implementing risk-based supervision and capital frameworks. Looking ahead, significant developments are anticipated in the general insurance...
Health Insurance: Key developments poised to redefine the sector
Krishnan Ramachandran, MD & CEO at Niva Bupa In a bid to simplify health insurance for customers, IRDAI has introduced standardization guidelines, with the latest being the Customer Information Sheet (CIS). This initiative aims to demystify policy benefits and...