Central to the package is a lower price cap on Russian oil – a move...
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Private sector general and health insurers record higher underwriting losses in FY 25
Led by Tata AIG General insurers, which had an underwriting losses...
Uttarakhand crash: AAIB says helicopter tumbled down hill after rotor blade hit overhead cable
The 17-year-old Bell 407 helicopter operated by Aerotrans Services...
Shareholders to take call on listing: Future Generali India MD
India continues to be most attractive market for insurance players and premium for general insurance segment is expected to grow at 20 per cent in the next few years, said Anup Rau,Future Generali India Insurance(FGII) managing director Mumbai: Future Generali India...
IRDAI issues norms for deploying `Bima Vahaks’ to enhance insurance inclusion
There can be Corporate Bima Vahak, who are legal person registered in accordance with the respective laws of India and can be engaged by an insurer and Individual Bima Vahak, who can be individuals either appointed by an insurer or appointed by a Corporate Bima Vahak...
Mumbai Metro 2A, 7 commuters get free accident, disability, death insurance cover
The policy also provides for compensation or upto Rs 500,000 for deaths and upto Rs 400,000 for permanent or partial disability, depending on its severity, informed MMMOCL Chairman & Managing Director S. V. R. Srinivas Mumbai: The Maha Mumbai Metro Operation...
Digitally advanced countries trust less on artificial intelligence: Swiss Re report
The most AI-trusting people hail from emerging digital growth markets such as India, Nigeria, Mexico, Indonesia, Philippines and Argentina` `What is surprising in 'Decoding Digital Trust: A consumer perspective' is that countries with advanced levels of digital...
Shipping Safety: Losses hit a record low in 2022, but jump in fires, other challenges
A combination of factors impacting fire risk, ongoing and new threats posed by the ripple effects of the Ukraine conflict, decarbonization challenges, economic uncertainty, as well as the rising cost of marine claims, means the sector still has plenty of obstacles to...
India monsoon advances after stalling for 11 days
Rains usually lash mainland Kerala around June 1 and cover the whole country by mid-July. Timely rains trigger planting of crops such as rice, soybeans and cotton MUMBAI: India's monsoon rains advanced into some more parts of southwest Bay of Bengal after stalling for...
Japan’s largest insurer Tokio Marine joins defectors from Gfanz climate group
A spokesperson said Tokio Marine will continue to consider measures to realize a decarbonized society such as the use of renewable energy and emphasized it will keep a close eye on social and environmental causes Tokio Marine Holdings Inc., Japan’s largest insurer by...
ICICI Bank to raise holding in ICICI Lombard General by 4% to 52 pc by next year
At the current trading market price, the bank will have to shell out about Rs 2,352.5 crore to acquire a 4 per cent shareholding Mumbai: ICICI Bank has said its Board has approved a plan to raise its stake in general insurance arm ICICI Lombard by 4 per cent in the...
NIA returns to black with Rs 143 crore of net profit in Q4FY23, combined ratio at 119.47 %
Neerja Kapur, CMD, NIA NIA has declared a dividend of Rs 1.93 per share with a face value of Rs 5 NIA's underwriting losses have fallen by 5 per cent y-o-y to Rs 1,690 crore in Q4FY23 Operationally, the company looks forward to an improved performance in FY24 in terms...
19th SIRC 2023 on ‘(RE)INSURANCE RESET’ will be held in Singapore from 30 October to 2 November, will be an all in-person event
The Singapore Reinsurers’ Association (SRA) Chair, Marc Haushofer said “The SRA Executive Committee (EXCO) had deliberated intensely over the messaging that would appropriately encapsulate the state of the industry today, which had over the past few months displayed...