The newly formed syndicate has received in principle approval to...
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Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re
Gallagher Re estimated that the private insurance market and public...
Global reinsurance sector to experience moderate deterioration in 2026:Fitch
Abundant capacity and rising competition across most property lines...
Automobile retail sales see 9 pc growth in August: FADA
The total retail sales across segments rose to 18,18,647 units last month, up 9 per cent, from 16,74,162 units in August 2022. Passenger vehicle registrations increased by 7 per cent to 3,15,153 units last month from 2,95,842 units in August 2022 New Delhi: Automobile...
Precarious employment conditions may increase risk of early death: Study
“This is the first study to show that changing from precarious employment to secure employment can reduce the risk of death,” says the paper’s last author Theo Bodin, assistant professor at the Institute of Environmental Medicine, Karolinska Institutet Precarious...
Bima Sugam: IRDAI sets a new deadline of July 2024, forms insurers’ panel for its execution, to select a consultant soon
Cyril Amarchand Mangaldas (CAM) has been appointed as the legal counsel for the project. Responsibilities of CAM will include incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform The platform will support all...
‘Market will have a negative view of GIC Re if clubbed with GIPSA’: GICOA
The reinsurer's CMD has communicated to the Department of Financial Services several times to keep GIC Re separate from GIPSA With about 500 employees GIC Re is making good profits. The attrition rate has increased nowadays owing to attractive pay packets offered by...
Bima Manthan: IRDAI to meet insurance CEOs on Sep 4-5
IRDA chairman Debasish Panda will address CEOs of general insurance companies, SAHI companies and reinsurers on Sept 4. On Tuesday, Panda will meet all the CEOs of the industry in the morning session and CEOs of only life insurance companies...
OIC CMD RR Singh to head GIPSA after Gupta
RR Singh, CMD, Oriental Insurance Company GIPSA earlier had four public sector general insurance companies, New India Assurance Company, United India Insurance Company, Oriental Insurance Company and NIC but recently the government has decided to add two new members-...
Covid BA.2.86 appears less transmissible than XBB & EG variants: Experts
The US Centers for Disease Control and Prevention (CDC) in its August 23 risk assessment, stated that based on currently available data, updated Covid-19 vaccines targeting the XBB.1.5 variant are expected to be effective against BA.2.86, for reducing severe disease...
Magsaysay award winning oncologist’s mission to provide affordable cancer care to poor
Radiation, surgical and medical oncology has to be institution-based but even more important is prevention, early detection, palliative care, providing support and rehabilitation of patients, Dr R Ravi Kannan said Silchar: It was 23 years ago that this year's...
Tech veteran Venkat Changavalli takes over as new CEO of IIBI
Venkat Changavalli, new CEO, Insurance Information Bureau of India According to industry sources, Venkat's appointment is temporary and IRDAI would soon start a new search processes to appoint a new CEO at IIBI Among a host of actionable areas, IIBI has recently set...
Rajasthan govt committed to ensuring minimum loss, maximum relief for people during disasters: Gehlot
Department of Agriculture and Horticulture Secretary Prithviraj said that insurance claims worth around Rs 3,000 crore have been distributed to 31.54 lakh policyholders in 2022-23 under the crop insurance scheme. The remaining amount of about Rs 700 crore will be paid...