Tribunal member R V Mohite on Thursday directed the owner of the...
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Aon names Simon Chisholm as Asia Reinsurance Solutions chairman
Simon Chisholm, Chairman-designate, of Asia for Reinsurance...
SIRC announces panel line-up, anchoring conversations on Geopolitics, Sustainability and AI
Anchored on the theme “Staying Ahead, Future Ready”, the 21st...
IRDAI allows relaxation for insurers’ investments in HDFC post merger with HDFC Bank
In view of the merger of HDFC Ltd with HDFC Bank Ltd, Indian insurers had requested IRDAI to allow investments in HDFC Ltd bonds to be continued to be classified under Housing and Infrastructure sector and exempt the single investee equity exposure limits prescribed...
Swiss Re net income surges off low catastrophe-linked losses
In its key property and casualty business, Swiss Re booked $634 million in large natural catastrophe losses in the first half from the earthquake in Turkey and Syria, Cyclone Gabrielle, and flooding in New Zealand. All are events that occurred in the first quarter...
Those with less than Rs 8 lakh income won’t have to pay premium of govt’s insurance scheme: CM Gehlot
The premium amount will be paid by the state government for families with income less than Rs 8 lakh and belonging to all classes including general, other backward classes, most backward classes, scheduled castes and scheduled tribes, Rajasthan Chief Minister Ashok...
Ukraine weighs possibility of insuring ships going via ‘grain corridor’ – Interfax-Ukraine
Ukraine is considering the possibility of insuring ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal. “Now we are discussing in the government and, I am sure, we will make a decision on...
Europeans lack insurance protection as wildfires and drought batter the region
When it comes to disaster response, the ECB sees insurers as the first line of financial defense, backed up by reinsurers and the financial markets with instruments like catastrophe bonds. The global market for catastrophe bonds, which give insurers a payout when a...
Beijing records heaviest rainfall in at least 140 years, causing severe flooding and 21 deaths
The severity of the flooding took the Chinese capital by surprise. Beijing usually has dry summers but had a stretch of record-breaking heat this year China`s capital has recorded its heaviest rainfall in at least 140 years over the past few days. The city recorded...
Data protection bill tabled in Parliament, will compel cos to review their current working ways
Enterprises will have to review the current ways of working, especially for personal data of employees, customers, merchants and vendors to honour their right to access, update and erase their personal data Non-adherence of obligation listed in the bill may attract...
1 in 5 companies in Vietnam are prepared against major risks: WTW survey
“What our study has shown is an urgent need to bridge the protection gap in risk impact and its financial implications, and consequentially, to enhance risk preparedness across organisations. This is especially important for a market like Vietnam, one of the most...
Container vessel runs aground in Hooghly river safely refloated later
The incident, which took place at around 11.30 am, had caused concerns as the vessel was carrying 338 containers from Port Kelang in Malaysia, bound for Netaji Subhash Dock under Kolkata Dock System Kolkata: The 140-metre-long container vessel, MTT Singapore, which...
Pharma cos with over Rs 250 cr turnover have to adopt good manufacturing practices within 6 months: Mandaviya
Recently, drug regulators inspected 162 units and 14 public testing labs and major issues found during inspections are poor documentation, lack of process and analytical validations, absence of quality failure investigation, absence of internal product quality review...