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Capital infusion has helped 3 PSU general insurance cos to improve their business performance, says Sitharaman
``The capital infusion was meant to build their business and...
UK specialist re/insurance broker BMS Group strikes strategic partnership with Berns Brett India
Subject to Regulatory approval, Berns Brett India will be rebranded...
Over 1,100 people killed till October 31 this year in road accidents: Delhi Police data
The officer further said that to tackle road accidents, Delhi Traffic Police has implemented various measures, including addressing reckless driving and drunken driving, establishing an effective enforcement mechanism, conducting real-time data analysis, enhancing...
ACKO launches cover for cricket fans
General insurer ACKO has launched a product, `100 Over Insurance' ,for cricket fans that covers all personal injuries suffered during the match. Priced at just Rs 100,this product provides insurance cover for fans against any sort of personal injuries while watching...
Tokio Marine Holdings launches disaster prevention & mitigation subsidiary
Tokio Marine Resilience will promote comprehensive disaster prevention and mitigation solutions through planning, developing and providing new services Tokyo: Japanese major Tokio Marine Holdings, Inc. (TMHD”) has announced the establishment of a 100 per cent owned...
Why is South Asia the global hotspot of pollution?
Experts say that the problem lies in a lack of coordination on pollution control efforts between the countries. Dust particles can travel hundreds of kilometres, studies say, transcending national boundaries and impacting countries other than those in which they...
Nations to develop mechanism for use of digital sequence information on genetic resources
Digital sequence information(DSI) is a placeholder term to refer to data derived from de-materialised genetic resources. It includes nucleic acid sequence data and potentially other data such as protein sequence data. DSI is crucial to research in a wide range of...
Oriental Insurance H1 losses fall sharply to Rs41 crore from Rs3,587 crore, may turn profitable in FY23-24: RR Singh
RR Singh, CMD, Oriental Insurance Company, admitted that the company aims to be profitable in FY 24 despite having many of the complex financial problems like lack of capital and required solvency New Delhi/Mumbai: After years of heavy losses and despite having severe...
SBI General Insurance issues its first surety bond as bid security for NHAI
NHAI has been working closely with Highway Operators Association of India (HOAI), SBI General Insurance and AON India Insurance to implement this initiative Insurance surety bond has been issued for NHAI monetization bid of TOT bundle 14 @ 0.25% by the insurer without...
WHO updates its guidance on treatments for COVID-19
The experts say the new recommendations reflect changes in the virulence and transmissibility of circulating SARS-CoV-2 variants and sub-variants, along with changes in immunity related to global vaccinations. The World Health Organization has updated its guidance on...
GIC Re’s net profit falls 14% to Rs1605 cr in Q2FY24, resumes topline growth
``Having had significant degrowth in last few quarters, we believe that we are at a point where growth with profitability should drive our business strategy'' N Ramaswamy, CMD GIC Re Though, GIC Re’s underwriting losses have risen by 60 per cent y-o-y to Rs 1472...
Understanding and managing key risk drivers is essential to navigate the global polycrisis: WTW
The growing inability to secure placements could put coal assets at risk of being stranded, resulting in severe socio-economic ramifications for Asia. The region’s energy security and resilience will therefore require adaptation and cooperation from power businesses...