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Lloyd’s investigates its former CEO John Neal
John Neal,former chief executive officer,Lloyd's Lloyd’s Chairman...
Customers want both Gen AI efficiency and human empathy, finds new Geneva Association report
While people welcome Gen AI’s convenience and possibilities for...
Aon brings together UK and EMEA regions with Julie Page as CEO
“As we continue to go further, faster with our 3x3 Plan to accelerate our Aon United strategy, operating as one united region will simplify our organizational structure to be even more responsive to client need and create further opportunities for our colleagues,”...
Zurich Insurance to pick up 51% in Kotak General Insurance for $488 million, to raise its stake by another 19% in future
·Zurich will acquire an additional stake of up to 19% over time. It is anticipated that this transaction will represent the largest foreign insurer investment in the Indian insurance sector since the regulatory changes allowing majority foreign ownership came into...
Investment in Primary Health Care is cost-effective way to achieve Universal Health Coverage:Bharti Pravin Pawar
She mentioned that it is leading to improved population coverage, reduced out-of-pocket expenditure, mitigation of risk factors and decongestion of higher level of facilities, thus improving quality of care at all levels New Delhi: Investment in Primary Health Care...
Deadly explosion off Nigeria points to threat from aging oil ships around the world
More than half the current fleet of FPSOs are recycled oil tankers, according to Oslo-based Rystad Energy, which keeps data on the ships. Senior analyst Edvard Christoffersen said that without a major repair, most oil ships have hulls built to last about 25 years. But...
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)...