L to R- Bhaskar Chatterjee (Retd. IAS), Lavanya R. Mandayur, CMD,...
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ICICI Lombard General Insurance net profit rises 18% to Rs 820cr, approves an interim dividend of Rs 6.5 per share
Combined ratio in Q2 FY2026 was 105.1 per cent as compared to 104.5...
UP to frame digital agriculture policy farmers to get real-time data on crops, markets and insurance: CM Adityanath
Yogi Adityanath, Chief Minister,Uttar Pradesh The proposed system...
National Insurance Academy seeks partnerships to venture into hi-tech research and training: new Director
``We are keen on taking insurance related initiatives to the masses through new age technologies like AI, ML and Blockchain etc and undertake research in the areas of Cyber security, Financial Inclusion, Social Security, Crop yields, Risk Management, allied areas and...
EV sales to hit 10 lakh mark in India by end of decade: Tata Motors
When asked about the sales targets for Tata Motors in the EV segment, Chandra said: ''We have really said that in the next four to five years we will target 25 per cent penetration and by the end of this decade we would have 50 per cent penetration is what we are...
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...