Prasanna Kumar, head of cyber solutions for India at Aon, said, “We...
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Policybazaar fined Rs5 crore by IRDAI, 11 charges of regulatory lapses against the intermediary
``IRDAI in exercise of the powers under Section 102 of the...
AON and Willis make key appointments in India
Aon has appointed Sushant Sarin as Head of Strategy and Commercial...
IRDAI announces 3 winners for its first hackathon – “Bima Manthan 2022”
The winners are- AiBorne Tech, which has won the contest for its ` Motor Fraud Prevention/Mitigation’ project, Policybazaar Insurance Brokers Private Limited has become the 1st runner in the contest for its project `Last mile insurance coverage’ while Vlinder is the...
Govt seeks Cabinet nod to table `Insurance Act 2023′ in Parliament, `Insurance Act, 1938’ to be repealed
From the legislative point of of view, enacting `Insurance Act 2023’ by repealing `Insurance Act 1938' will be a simple exercise as its doesn't involve any major changes Earlier, the government dropped all its plans to bring in much talked about major reforms in the...
Property insurers’ ratings under pressure as risk rises: Morningstar
Insurers can opt to pay more for the same reinsurance package, or cut costs by restricting new business, withdrawing from certain regions or business lines or adjusting their strategy, such as by cutting costs on more frequent but less severe perils, Morningstar said....
75 pc districts exposed to extreme floods only 25 pc of them have early warning systems report
Approximately 66 per cent of individuals in India are exposed to extreme flood events; however, only 33 per cent of them are covered by flood EWS. Moreover, 25 per cent of the Indian population is exposed to cyclones and their impacts, but cyclone warnings are...
Allianz US unit ordered to pay $6 billion in securities fraud case
US District Judge Colleen McMahon imposed the sentence Wednesday in Manhattan on Allianz Global Investors US, which had agreed to the payout last year when it pleaded guilty to a single criminal charge of securities fraud as part of a deal with federal prosecutors. It...
US to decide whether to OK GM self-driving car deployment plan
The petition filed in February 2022 seeks government approval to deploy vehicles annually without steering wheels, mirrors, turn signals or windshield wipers A top U.S. auto safety official said Wednesday regulators will soon decide on a petition filed by General...
Russia’s flagship crude oil surpasses G-7 price cap for first time
For some buyers of the Russian flagship crude, the breaching of the cap poses an immediate headache. This is especially true in India, a market that has sustained Russian exports but where some purchasers are still reliant on key Western services to keep imports...
EU Widens Probe of Suicide Risks Linked to Weight-Loss Drugs
The European Medicines Agency said Monday that it was looking at three adverse events in connection with Ozempic and Saxenda after receiving reports from the Icelandic Medicines Agency. Two cases of suicidal thoughts were reported to the EMA relating to the drugs,...
NIA targets 12% top-line growth and 5% reduction in combined ratio in FY’ 24: Kapur
Neerja Kapur, CMD, NIA ``Our future strategy is to increase the return on equity, expand our market share, leverage benefits of economies of scale driven by growth, rationalisation of operating offices, maintaining healthy solvency margin and increasing digital...
Raging Yamuna swells to record level in Delhi
New Delhi: The Yamuna in Delhi swelled to 207.55 metres on Wednesday, breaching its all-time record of 207.49 metres set in 1978, government agencies said on Wednesday. According to the Central Water Commission's (CWC) flood-monitoring portal, the water level at the...