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DFS secretary reviews vision strategy of LIC and GIC Re
M.Nagaraju, Secretary, DFS Nagaraju underscored the need to expand...
RBI and IRDAI not inclined to allow commodity derivatives, Sebi says
Tuhin Kanta Pandey,Chairman,SEBI In his statement on Monday,...
Aon announces first stablecoin insurance premium payment
Led by Aon's digital asset practice, this initiative builds on established digital-asset risk advisory capabilities, translating industry leading client services in insurance and risk management into practical application within the firm's own operations. Recent U.S....
Govt to curb opaque shipping surcharges amid Middle East tensions: Report
The move comes after exporters flagged sharp and sometimes arbitrary increases in logistics costs, particularly during the current geopolitical crisis that has disrupted global shipping routes and pushed freight rates higher. New Delhi: The government is preparing to...
Strengthen cyber and operational resilience amid geopolitical tensions: Nasscom
According to Nasscom, several companies have begun activating or reviewing business continuity plans for operations linked to affected countries to ensure uninterrupted service delivery in the event of regional disruptions.Organisations are also prioritising employee...
US’s DFC announces $20B plan for Maritime Reinsurance in the Gulf
Working alongside CENTCOM, DFC coverage will offer a level of security no other policy can provide. We are confident that our reinsurance plan will get oil, gasoline, LNG, jet fuel, and fertilizer through the Strait of Hormuz and flowing again to the world,said DFC...
Go Digit gets GST demand notice of about ₹170 crore for FY18-FY22
Go Digit General Insurance on Saturday said it has received a demand notice of about ₹170 crore for short payment of goods and services tax (GST) for nearly five years.The company has received an order copy from the Office of the Commissioner of GST & Central...
Reinsurers scrap war-risk cover after US torpedoes Iranian ship
Indian insurers and reinsurers have canceled hull coverages in war-affected areas after GIC Re flagged its seven-zone hull war-risk plan, effective March 1. The amended plan designates high-risk waters including Pakistan, the Persian Gulf, and Iran, besides...
Only 20% of women in India have adequate insurance,find out two insurers
Anand Roy, MD & CEO, Star Health said,“India is witnessing a meaningful shift in women’s approach to healthcare and financial protection.Younger women are engaging more in preventive care and integrating health insurance earlier into financial planning—viewing it...
India gets 30-day US waiver to buy Russian oil amid Iran war
"President Trump's energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase...
Maritime insurance premiums surge as Iran conflict widens,in some cases by more than 1,000%
Analysts at Jefferies estimated on Thursday that potential industry losses from at least seven vessels reported damaged, at the time its note was published on March 5, could reach up to $1.75 billion. With most tankers valued between $200 million and $300 million, the...
EU countries give final approval to 2040 climate target for 90% emissions cut
In practice, the target will require an 85% emissions reduction from European industries against 1990 levels. The EU will pay developing countries via carbon credits, so they cut emissions on Europe’s behalf to make up the rest, to reach 90%.As part of the agreement,...