Foreign institutional investors (FIIs) remained net sellers,...
Category:
Non-Life
Latest
‘GST bachat utsav’: Taxes on wide range of goods, services to be reduced starting Monday
Underlining that the mantra of ‘Nagarik Devobhava’ is clearly...
Walter Voigts-von Forster to lead Munich Re Africa Branch
Walter Voigts-von Forster, CEO-designate, Munich Re Africa Branch...
Governments join rescue effort as airlines face Israel insurance alert
Israel’s parliamentary finance committee said late on Tuesday it would debate authorizing state guarantees for providing war risk insurance for Israeli airlines The panel said insurance companies had indicated they were entitled to cancel cover with seven days’...
GI Council ropes in health insurance expert to implement 100% cashless payment system
Segar Sampathkumar, director, Health Insurance, GI Council Such a system, which currently serves 52 per cent of health policies, will create a seamless technological mechanism for all the insurers to settle policy holders’ claims cashless without any manual...
4 dead, 70 injured as Delhi-Kamakhya North East Express derails near Bihar
Buxar Superintendent of Police Manish Kumar told PTI four passengers had died in the accident. A Railway Police Force official said at least 70 passengers have been injured and shifted to local hospitals. Those with serious injuries were rushed to AIIMS, Patna...
Use of Weather Derivatives surges as extreme climate events rock the globe
Weather derivatives let buyers hedge against the risk that the weather will damage their business. Unlike insurance, where companies must prove they have suffered a loss, they pay out based on indexes. These might track the temperature in Paris or rainfall in New York...
Israel’s ports feel strain as shipping traffic slows after attacks
Israel is among countries in the Middle East already considered a high-risk area by insurers in the London insurance market, a key center for marine insurance cover.Ships pay an additional war risk premium for seven-day voyages to Israel. Since Saturday’s attacks...
Global economic losses from extreme weather could hit $5 trillion -Lloyd’s
“The global economy is becoming more complex and increasingly subject to systemic threats,” said Trevor Maynard, executive director of Systemic Risks at the Cambridge Centre for Risk Studies London: Global economic losses could reach $5 trillion under a “plausible...
Intangible Risks: 80% of global listed companies’ $ 76 trilion digital assets value remains uninsured, says Swiss Re
South Korea came out on top of the Swiss Re's Insurance Digitalisation Index, followed by Sweden, Finland and the US. While advanced markets with strong physical infrastructure and high internet access rates have made most progress in digitalising their economies,...
Indian govt panel wants car ratings tied to improved connectivity -draft
In a country with high accident rates, the advice could force automakers to equip the connected cars, as they are known, with technology using the airwaves to send warnings between drivers, and communicate with road systems like traffic lights. New Delhi: An Indian...
Tata AIG General launches a faster process for online travel insurance claims
Tata AIG General Insurance Company has introduced a faster process for online travel insurance claims. The customers can simply register their claim directly on the tataaig.com website, submit the relevant documents, and track its status, minimizing the need to engage...
Stroke could cause nearly 10 million deaths annually by 2050: Lancet study
The report recommended establishing cost-effective surveillance systems for precise epidemiological stroke data to guide prevention and treatment Strokes, a highly preventable and treatable condition, could lead to nearly 10 million deaths annually by 2050, primarily...