“India's accelerating AI adoption brings immense opportunity, but...
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81pc Indians use Facebook,Instagram and WhatsApp to discover financial products: Report
"The digital platforms play a key role throughout the...
GIC Re net profit sees a record rise of 70 % to Rs 1,752 crore in Q1FY26
N Ramaswamy, CMD, GIC Re Combined Ratio improves by 2.66% to...
Cholamandalam MS Insurance appointed as lead insurer for West Bengal
Chennai based Cholamandalam MS Insurance has been appointed lead insurer for West Bengal by the IRDAI. In this role, the general insurer will focus on various aspects of health protection, coverage against natural calamities, increasing employment opportunities for...
ICICI Lombard net jumps 11.8 pc to Rs 390 crore in June quarter
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance The combined ratio, a key profitability metric, improved to 103.8 per cent in the reporting quarter compared to 104.1 per cent in Q1 FY23 Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance,...
Above-average global natural catastrophe insured losses reach estimated $52 billion in H1 2023: Gallagher Re
For all perils, the US accounted for 76% of all global insured losses. Thunderstorms in Europe during June also brought a billion-dollar insurance bill to parts of Germany and France “Governments and private organizations are accelerating their investments to help...
BAGI’s new cover protects connected cars from cyber-attacks and extortion
V-Pay will also protect the insured’s vehicle from software issues, cyber extortion, and theft of funds resulting from cyber-attacks with its Cyber Risk Protection feature ‘V-Pay’ is a first-of-its-kind, one-stop solution that provides customers with an add-on that...
Moscow halts grain deal in what UN says is a blow to people in need everywhere
Any resumption of shipments without Russia's blessing would probably depend on insurers. Industry sources told Reuters they were studying whether to freeze their coverage "The (key) question is whether Russia mines the area which would effectively cease any form of...
Higher losses during disasters due to abysmally low insurance cover of 8%: SBI Report
The losses due to the ongoing floods in the north is the range of Rs 10,000-15,000 crore as the calamity has severely hit Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Rajasthan, J&K and Delhi. Himachal alone would have lost Rs 3,000-4,000 crore by way of...
Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal
Hundreds of claims have also been filed by holders of Credit Suisse’s Additional Tier 1 bonds – which were all written down to zero – claiming compensation A group of Credit Suisse AT1 bondholders has also filed a class action suit accusing former executives at the...
Insurers reviewing Black Sea ship cover after Russia suspension
“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
Luxury car market in India poised for record sales in 2023 after stellar H1 numbers
BMW Group India President Vikram Pawah said, ''In the second half also we will break records… It will be even better (than H1) with supplies becoming normal. We'll be having a record year if all things remain constant in the economy. The demand seems strong, the...
IRCTC travel insurance: Passengers now automatically covered, can opt out too
Passengers booking their train tickets on the IRCTC portal are now automatically provided insurance cover for Rs 10 lakh, a senior insurance industry official told IANS The policy covers death/disabilities/medical expenses due to a train accident during the travel....