The new Steering Team for Asia Pacific includes- Tony Lim, CEO of...
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Bajaj Finserv rebrands insurance businesses as Bajaj General Insurance and Bajaj Life Insurance
Sanjiv Bajaj, chairman & managing director, Bajaj Finserv "The...
IBAI meets Sitharman, submits proposals for insurance inclusion
Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala...
Extreme heat rendering parts of the world too hot to insure
Rising temperatures are disrupting economic activity and daily life across the globe, sapping crops, drying rivers and raising sea levels. Scientists suspect the last several years have been warmer than any point in over 125,000 years Soaring global temperatures may...
India likely to receive below-average monsoon rains in August
El Nino -- warming of the waters in the Pacific Ocean near South America -- has not affected the monsoon rains so far, Mohapatra said New Delhi: India is likely to receive below-average rainfall in August due to the El Nino weather pattern, a senior weather department...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report
The bank however has termed claims made in this report "completely incorrect and baseless" Kotak Mahindra's holdings in units - Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. - are also under review as the central bank assesses the banks'...
IRDAI appoints Liberty General Insurance as “Lead Insurer”(Non-Life) for Delhi
Liberty General Insurance has been appointed as the “Lead Insurer”(Non-Life) for Delhi by the IRDAI. This appointment is part of IRDAI’s State Insurance Plan, which aims to enhance financial awareness and drive insurance inclusion in collaboration with other insurers,...
Reliance General Insurance receives Rs 200 cr capital from its promoter
Rakesh Jain, CEO of Reliance General Insurance said, "With this capital infusion, we are well-equipped to seize opportunities, innovate, and continue providing best-in-class insurance solutions." Mumbai: Reliance General Insurance Company Ltd (RGICL), in a strategic...
Safety Standards: As e-bikes proliferate in US, so do deadly fires blamed on exploding lithium-ion batteries
"We have reached a point of crisis in New York City, with ion batteries now a top cause of fatal fires in New York.'' With some 65,000 e-bikes zipping through its streets — more than any other place in the U.S. — New York City is the epicenter of battery-related...
Weather tool used in India could help better predict floods in Sri Lanka: Study
Understanding the link between weather patterns and extreme rainfall is really important for helping Sri Lankan communities prepare and respond to deadly natural disasters and could ultimately save lives, the researchers said New Delhi: Applying weather forecasting...
Govt pats IRDAI for unveiling a slew of reforms in insurance industry
(L to R) Neerja Kapur, CMD, New India Assurance, Debasish Panda, chairman, IRDAI, Vivek Joshi,secretary, Department of Financial Services at NIA's 105th foundation day celebration in Mumbai on Friday ```The government is very supportive of the amendments and changes...
World Bank to provide assessment of damages due to Himachal floods
Himachala Chief Minister Sukhu said claimed rain-related damages have been estimated to be around Rs. 8,000 crore and added that restoration of roads, bridges, power, and water supply was the priority of the state government Punjab Agriculture Minister Gurmeet Singh...
Govt says 20 national waterways being developed for cargo, passenger movement
For the development of inland water transport in the country, 111 waterways -- including five existing and 106 new ones -- spread over 24 states have been declared national waterways under the National Waterways Act, 2016, Sonowal said New Delhi: The government is...