``In today's meeting with GIPSA through virtual mode, the...
Category:
Non-Life
Latest
TCS enables ICICI Lombard’s fully automated multi-region disaster recovery on AWS Cloud
“This intelligent, automation-led DR solution sets a new benchmark...
Govt raises wage hike offer to 14% from 12% for PSU general insurance industry
The GIPSA has called for a virtual meeting of unions on Tuesday...
Russia’s flagship oil above $60 does little to halt G-7 services
Insurers have complained publicly about the risks of covering cargoes using the attestation system in recent months. There has also been a drop off in the number of ships calling at Russian ports with industry-standard insurance from members of the International Group...
Ukraine in talks with insurers on deal to cover grain exports
Attacks by Russian forces on agricultural infrastructure in recent weeks have helped sustain sky-high insurance premiums for ships calling into Ukraine Current market rates for war risk insurance can be anywhere between 3% and 5% of the value of a ship, meaning there...
Insured losses from natural catastrophes set to top $100 billion in 2023
More than two-thirds of the insured losses were as a result of severe thunderstorms in the US. The 12-figure threshold is likely to be passed even though just $5 billion of the $40 billion in damages caused by the year’s most devastating event — the earthquake that...
Govt announces car safety rating to cut accident rate
Under the new system, cars will be assigned a rating of one to five stars based on crash tests and other safety parameters, to help buyers make an informed decision and encourage car makers to upgrade their safety standards.The move is also expected to bring cars in...
How satellites are helping farmers adapt to global warming
In ten climate hotspots from Guatemala to Afghanistan, acute hunger has more than doubled in six years, according to UK charity Oxfam. But cutting-edge satellite sensor technology could play a big role in slowing that down. Experts envision a future in which farmers...
India faces record low August rains, threatening summer crops
August rainfall, expected to be the lowest since records began in 1901, could dent yields of summer-sown crops, from rice to soybeans, boosting prices and overall food inflation, which jumped in July to the highest since January 2020.The monsoon, vital for the...
Reliance’s financial unit to list on bourses on Aug 21
The company will primarily operates in the NBFC market and credit market segment and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals Mumbai: Jio Financial Services, the demerged financial services unit of...
Demand for electric two wheelers slowing down due to reduced govt subsidy: Report
Sales of electric two wheelers also significantly declined in Q1 FY24 due to the government withholding FAME subsidies for certain Original Equipment Manufacturers (OEMs), it said Additionally, the report said that a subsidy reduction to Rs 10,000 per kWh from Rs...
India moving towards universal health care with wellness centres, Jan Arogya scheme, says Mandaviya
Elaborating on the Indian health system, Union Health Minister Mansukh Mandaviya said India today is supported by a workforce of 1.3 million Allopathic doctors, 8,00,000 AYUSH doctors and 3.4 million nurses, auxiliary nurses and midwives New Delhi: Union Health...
Munich Re expands its green solutions in Indian market
Ankur Gupta, head of client management, Munich Re India Branch, revealed that the reinsurer, after launching its Solar Photo Voltaic Performance Warranty , has recently unveiled two new products for fast expanding Electric Vehicles(EVs) segments -Extended Warranty...