Something that will cheer the employees is that all their arrears...
Category:
Non-Life
Latest
Tata AIG suspends cashless services at Max Hospitals across India
``Tata AIG has put in place special arrangements to ensure that...
FAIR 2025: GIC Re to host 29th FAIR in Mumbai, Over 700 global delegates to celebrate 60 yrs of Afro-Asian bonding
Ramaswamy Narayan, CMD, GIC Re, observed,“Hosting the 29 th FAIR...
Doctors to be penalised for not prescribing generic drugs, says new NMC regulation
Even though doctors are currently required to prescribe generic drugs only, there are no penal provisions mentioned in the regulations issued in 2002 by the Indian Medical Council "Every RMP (registered medical practitioner) should prescribe drugs using generic names...
New India’s net profit doubles to Rs 260 crore in Q1FY24
Neerja Kapur, CMD, NIA ``The company continues to focus on improving the business mix by shedding businesses where premiums are inadequate and may impact its bottom line. The company maintained its market leadership in India with a market share of 16.2 per cent,’’...
Ukraine announces ‘humanitarian corridor’ for ships stuck in Black Sea ports
Shipping and insurance sources familiar with Ukraine said they were not informed about the new corridor and there were questions over its viability. It was unlikely most ships would agree to sail at the moment, they said Ukraine announced a “humanitarian corridor” in...
GIC Re net profit rises 6.1% to Rs 732 crore in Q1, further sheds loss making business
Devesh Srivastava, CMD, GIC Re ``Profit is the only embedded principle of all our business. We will not do any business that is not adding to our bottom line. We have restructured our entire organisation and manpower in recent years to deliver on results,'' said...
Zurich Insurance CEO criticizes climate clubs after exodus
Mario Greco, who led his firm out of the Net-Zero Insurance Alliance earlier this year amid a wider exodus from the group, said the decision followed a realization that, as things stand now, the goal of limiting temperature rises to 1.5C as enshrined in the Paris...
Lloyd’s of London leads insurers tightening Taiwan cover as conflict risks rise
“Availability of cover for Taiwan has got tighter,” said Crispin Hodges, head of trade and political risk with insurer Canopius, “We’ve been tightening up the wording to ensure that the policies reflect the underlying risk that we want to insure and there aren’t any...
IRDAI launches impact study on Risk Based Capital framework
This study holds paramount significance, as it provides the opportunity to comprehensively evaluate the potential impact on the capital and overall solvency of the insurers This framework would serve as a pivotal mechanism which would enable insurers to maintain an...
Two wheeler sales in India decline 7.2 pc in July: SIAM
Commenting on sales data of July 2023, Vinod Aggarwal, President, SIAM said, “Though the Passenger Vehicle and Three-Wheeler segments are performing well, there has been a de-growth of Two-Wheelers in July 2023, compared to July 2022. Overall, we expect that the...
ICICI Lombard General Insurance to be lead insurer for Tripura
ICICI Lombard General Insurance Company has been nominated by the IRDAI as a lead insurer in the non-life segment in the state of Tripura. The insurer aims to implement the state insurance plan,ensuring access insurance services to uninsured population. The recently...
US business owners seek increased insurance protection amid mounting risks – study
“The devastation caused by natural disasters has heightened urgency for adequate protection,” CEO Patrick Gallagher told Reuters, adding that there is ongoing demand for insurance coverage to secure properties, homes and businesses from potential damages and losses...