The planned fund would provide a clear legal mechanism to finance...
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Cyber Insurance: Ransomware remains biggest driver of claims
``Asian businesses with overseas presence should also consider...
HDFC Ergo expects 3%-5% margin pressure on its retail Health products without ITC
``We have already passed on the full zero GST benefit to new retail...
1.68 lakh people died in 4.61 lakh road accidents in 2022: Road Ministry report
The report titled 'Road accidents in India -- 2022' said this marks an 11.9 per cent year-on-year rise in accidents and a 9.4 per cent increase in fatalities. There was a 15.3 per cent surge in the number of people getting injured in 2022. New Delhi: A total of...
Chinese Online Insurer Shouhui considers Hong Kong IPO in 2024
Founded in 2015 in Shenzhen, Shouhui Tech offers full service in insurance from online consulting to purchasing and compensation, according to its its website. It acquired an internet hospital license in 2022 which allows it to offer online medical services. Shenzhen...
Insurers to provide details of basic features to customers from Jan 1, 2024
Policyholders will also be informed about policy coverage (like hospital expenses), exclusions (what the policy does not cover), waiting period, financial limits of coverage, claims procedure, and details about grievances/complaints redressal mechanism. Hyderabad:...
Sompo International appoints Chiew as Head of Crisis Management, Commercial P&C Insurance, APAC
Pei Ru Chiew, head,Crisis Management, Commercial P&C Insurance in Asia Pacific, Sompo International “As Sompo International continues to pursue its global objectives, a top priority includes deepening our relationships in APAC. We are seeing growing demand for...
Net profit of Mahindra Insurance Brokers zooms 365% to Rs 28.6 cr in Q2
Mahindra Insurance Brokers Limited(MIBL) registered income at Rs289 crore in Q2FY24, as against Rs 94 crore during the corresponding quarter last year, a growth of 208% over the same period previous year. The profit after tax (PAT) during Q2FY 2023-24 , registered was...
“Flight problems, baggage and refund issues are major complaints of air passengers”: DGCA
Consumer Affairs Secretary Rohit Kumar Singh mentioned that the National Consumer Helpline has received about 10,000 complaints related to the airline sector in the last year. The report states further that the maximum number of complaints were received by Indigo (61)...
Bagi’s net profit records a 40% jump to Rs 468 crore in Q2
Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance With an underwriting profit of Rs 37 crore, Bajaj Allianz has reported a healthy combined ratio of 95.3% for Q2 FY 23-24 Pune: Bajaj Allianz General Insurance(Bagi) reported a net profit of Rs 468 crore with...
Irdai sets up panel to simplify wording of insurance polices
The Insurance Regulatory and Development Authority of India (Irdai) said policyholders often find it difficult to comprehend the terms and conditions in insurance policy contracts because of the complexity of the language used New Delhi: Regulator Irdai on Thursday...
Kaspersky cautions against malware StripedFly, says it affected over million people globally
''Threat actors' ability to adapt and evolve is a constant challenge, which is why it's so important for us as researchers to continue to dedicate our efforts to uncovering and disseminating sophisticated cyber threats and for customers not to forget about...
World’s ghost fleet in focus over US Russian price cap crackdown
One tier relies on vessels known as the ghost fleet that are past their traditional lifespans, meaning they are at greater risk of leaks and spills. The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia...