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...
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...
SBI General appoints Jitendra Attra as CFO
SBI General Insurance today announced the appointment of Jitendra Attra as its new chief financial officer (CFO). A chartered accountant, his extensive professional background over two decades includes key roles at Zuno General Insurance, Munich Re, SBI Life...
Chubb launches Lloyd’s Lithium Battery consortium
The consortium was created to address a lack of capacity in the marine cargo market for providing lithium battery transit and stock insurance. It provides a one-stop solution with limits up to $50 million for risk types associated with lithium batteries including...
AXA XL appoints Anthony Dagostino as global chief cyber underwriting officer for commercial lines
Anthony Dagostino “Cybersecurity continues to be a top risk management concern for clients across AXA. Cyber is a strategic growth area for the group''Libby Benet, AXA XL’s chief underwriting officer New York: AXA XL today announced the appointment of Anthony...
Bank of England tells UK to hold insurers to account on infrastructure
Britain is rolling back capital rules for insurers from later this year and the industry has said this would make available up to 100 billion pounds to invest in infrastructure, but some lawmakers have doubts this will actually be the case The government should check...
Fly responsibly? Airlines face a storm over climate claims
In June, European consumer rights body BEUC lodged a complaint at the European Commission against 17 airlines, alleging they use terms such as “sustainable,” “responsible” and “green” deceptively “The reason we picked airlines is probably because it’s one of the most...
Small aircraft skids off runway at Mumbai airport amid heavy rains; 8 people injured
The passengers on the Vizag-Mumbai flight included Dhruv Kotak, Lars Sorensen, K.K. Krishnadas, Aakarsh Shethi, Arul Sali, and Kamakshi Mumbai: A private jet veered off the runway while landing at the Mumbai airport on Thursday amid heavy rains and all the eight...
SC asks Centre if change in law is warranted on issue of regimes for grant of driving licence
The constitution bench is dealing with a legal question which reads: “Whether a person holding a driving licence in respect of ‘light motor vehicle’ could on the strength of that licence, be entitled to drive a ‘transport vehicle of light motor vehicle class’ having...