Despite potentially facing higher US tariffs than its ASEAN peers,...
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Reimagining Insurance:AI set to unlock next $4 billion profit opportunity in India
India’s Insurtech ecosystem is at a sizeable scale, with cumulative...
Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector
``We see BIMA Sugam as an efficient consumer-facing platform, which...
Rising ownership costs to hurt India’s commercial vehicle volume growth: Fitch
The ratings agency said increasing regulatory requirements, elevated inflation and high interest rates have pushed up the ownership costs, thereby weighing on purchase decisions Rising ownership costs to hurt India's commercial vehicle volume growth: FitchGrowth in...
Zurich and KPMG collaborate to provide comprehensive climate change advisory services
In this evolving environment, it is increasingly important that businesses address both physical climate risks and transition risks. Transition risks include policy changes, reputational impacts, and shifts in market preferences, norms and technology The offering is...
Health must be fast-tracked for 2030
Sustainable Development Goal 3 also identified universal health coverage as the broad platform that could deliver health services while offering financial protection against inordinate out-of-pocket expenditures and debilitating catastrophic health expenditures New...
IRDAI convenes an urgent meeting of re/insurance CEOs on Monday over Surety Bonds logjam
After Nitin Gadkari, union minister, Ministry for Road Transport and Highways, launched two basic level Surety Bonds, in Dec 2022, issued by Bajaj Allianz General Insurance with the support of reinsurance support from Munich Re and Swiss Re, the Surety...
“There is an urgent need to lower the premium rates, and making the PMFBY fiscally sustainable”
Girija Kumar, chairman and managing director, Agriculture Insurance Company, in an interview with Asia Insurance Post, explains how USD $ 4 billion Indian Crop Insurance market(FY 2022-23) will expand faster going ahead How do you see Indian crop insurance market? The...
World Cup fanfare masks an existential threat to Rugby
Much of the fear over the future of the sport stems from the risk of damage from blows to the head. Many of the key talking points from the first World Cup weekend revolved around head injuries and whether a player’s actions are dangerous and need to be punished The...
RBI’s financial inclusion index rises; shows growth across all segments
In August 2021, the central bank said it has been conceptualised as a comprehensive index, incorporating details of banking, investments, insurance, postal, as well as the pension sector, in consultation with government and respective sectoral regulators Mumbai: The...
Kerala govt asked to explain steps taken to maintain confidentiality of HIV patients when applying for CMRF
Justice Devan Ramachandran of Kerala High Court observed that although a circular has been issued on related aspects, it was not enough and that concrete steps should be implemented to ensure the privacy of HIV-positive persons Kochi: The Kerala High Court has sought...
12 lakh affected by Assam floods this year: Minister
More than 23,000 houses in 3,335 villages in 109 revenue circles have been affected Guwahati: Over 12 lakh people have been affected by floods in Assam this year, Revenue and Disaster Management Minister Jogen Mohan said in the state assembly on Friday. He said the...
Existing rules on mandatory insurance cover, helmets on 2-wheelers applicable to electric vehicles, HC
“As the relevant provisions of the MV Act and Central Motor Vehicles (CMV) Rules are already applicable to EVs, specifically pertaining to mandatory insurance cover, wearing of headgear on two-wheelers and penal provisions for non-compliance of the provisions, this...