Balz Grollimund, Swiss Re's Head Catastrophe Perils, says: "We are...
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Malaysia’s largest online insurance aggregator mulls IPO in next two years
The success of Ant Group Co., the operator of China’s ubiquitous...
100% FDI:Lok Sabha passes Insurance Amendment Bill in one day
Finance minister Sitharaman, while speaking in the Lok Sabha, said,...
India among top countries with high income, wealth inequality: new UNDP report
In India, between 2000 and 2022, per capita income soared from USD 442 to USD 2,389. Whereas, between 2004 and 2019, poverty rates (based on the international poverty measure of USD 2.15 per day) plummeted from 40 to 10 per cent New Delhi: India has emerged among top...
India automobile retail sales declined 8% in October: Industry data
Commercial vehicles are looking at a strong November, with festive and construction activities enhancing demand, alongside anticipated financial schemes However, the passenger vehicle segment is navigating through a tricky phase. Festive days might spike bookings, yet...
Delhi’s air quality dips to ‘severe plus’ again, strictest curbs under pollution control plan kick in
Unfavourable meteorological conditions combined with vehicular emissions, paddy straw burning, firecrackers and other local pollution sources contribute to hazardous air quality levels in Delhi-NCR during the winter every year New Delhi: Stringent curbs, including a...
World Bank signs financing agreements to strengthen Nepal’s health system
The program emphasizes improving the readiness of the health system for delivery of quality healthcare, enhancing coverage of health insurance, and strengthening health emergency preparedness and response capacity at the selected provincial and local levels Kathmandu:...
Nepal earthquake kills at least 128, toll could rise, officials say
Officials feared the death toll in Friday's quake could rise as they had not been able to establish contact in the hilly area near the epicentre, some 500 km (300 miles) west of the capital Kathmandu, where tremors were also felt. The district has a population of...
New Delhi blanketed by toxic haze, most polluted city in world
Many of the capital's 20 million residents complained of irritation in the eyes and itchy throats with the air turning a dense grey as the AQI hovered around 480 in some monitoring stations New Delhi: India's capital New Delhi was blanketed by a thick layer of toxic...
Australian companies, directors face new liability for nature-based risks
Directors could be held personally liable for breaching their “duty of care and diligence” under the Australian Corporations Act by not identifying and disclosing nature-based risks. The most egregious violations of director duties can carry large fines or lead to...
Q3 InsurTech investment surpasses USD1 billion on P&C surge
With wealthy backers writing enormous checks, InsurTechs could ignore the importance of loss ratios or customer retention. They – and their investors – could instead focus on metrics like growth and divergence and miss the extremely important lessons that ultimately...
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...