“Everest’s launch in India presents significant opportunity, as one...
Category:
Non-Life
Latest
Insurers start passing on full benefits of zero GST on retail Life and Health covers
``The net outgo for individual consumers has been reduced for...
Super Typhoon Ragasa barrels through northern Philippines, triggers alerts across Asian region
Packing winds of 215 kph (134 mph) and gusts of up to 295 kph (160...
Cat bond market is defying the global selloff with record returns
Big reinsurers like Swiss Re and Munich Re, as well as some real-economy companies, have increasingly looked to cat bonds as they try to protect themselves from once-in-a-lifetime disasters. In July, Blackstone Inc. turned to cat bonds to shield property assets from...
India to start monitoring high-risk glacial lakes next year
There are 56 at-risk glacial lakes in India and the urgency to monitor them was stepped up after Lhonak Lake in the eastern Himalayas burst its banks two weeks ago and caused widespread damage in Sikkim, a small mountainous state wedged between China, Nepal and Bhutan...
Howden launches world first insurance innovation hub with £500m of delegated underwriting capacity
As new funding for the global insurtech sector continues to fall following the collapse of Silicon Valley Bank, Howden Ventures has initially committed £10m of new funding to the sector, with a view to support at least five new startups over the next two years London:...
Irdai rejection raises more questions for Hinduja-led IIHL on source of funds for RCAP acquisition
The RBI-appointed Administrator of debt-ridden Reliance Capital (RCAP) wrote to IIHL after Insurance Regulatory and Development Authority of India (Irdai) rejected IIHL's proposal to raise funds for the RCAP acquisition by creating a pledge over the shares of Reliance...
India to be one of world’s fastest growing economies over next decade
Overall, India is expected to continue to be one of the world's fastest growing economies over the next decade. This will make India one of the most important long-term growth markets for multinationals in a wide range of industries, including manufacturing industries...
Air India seeks special permission from re/insurers to operate evacuation flights from Tel Aviv
``The airlines had taken permission from its re/insurers to operate these two flights to Tel Aviv. The flights had normal insurance covers available to airlines on international flights ’’ said industry sources A clutch of insurers including New India...
Israel to provide $6 billion in aviation war insurance
The guarantee framework will grant Israeli airlines insurance policies against war risks, thereby ensuring the continuity of air operations in Israel Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance...
Kerala launches insurance cover for MSME sector to safeguard businesses
All MSMEs in the manufacturing, service, and trade sector with UDYAM registration in Kerala, and enrolled in the "Bharat Sookshma/Laghu Udyam scheme" from any of the four public sector insurance firms beyond April 1, 2023, are eligible for benefits under the scheme....
Temasek and others to pick up a minority stake in Niva Bupa Health insurance for Rs800 crore
Each of our investors brings a wealth of expertise across various dimensions of our business and possesses a profound understanding of the insurance ecosystem,Divya Sehgal, Partner, True North Mumbai: A clutch of investors including Singapore based global investment...
Airlines split over safety risk of Israel flights
Airlines have faced warnings over insurance cover in the wake of the weekend attacks on Israel by Hamas militants Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with Norwegian Air and Dutch KLM canceling flights while Air France...