The European Union's cybersecurity agency ENISA confirmed on Monday...
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US major Everest Re receives license for GIFT-IFSC venture
“Everest’s launch in India presents significant opportunity, as one...
Insurers start passing on full benefits of zero GST on retail Life and Health covers
``The net outgo for individual consumers has been reduced for...
Fire at United India’s Jhansi office, three dead
Three of the company’s employees Raghini Rajput,59, Prakash, 52,Hardewsh Tomar,28,have died due to the fire said sources Jhansi: In a tragic event, a massive fire broke out on Monday afternoon in one of the buildings in Jhansi, where one of the divisional offices of...
IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pc
RCap administrator is likely to file the IIHL resolution plan in the NCLT Mumbai this week as the deadline of July 15 to file is approaching. Operating companies under Reliance Capital are into insurance (life, general and health), asset reconstruction and broking...
Reinsurers’ discipline continues at 7/1 renewal: Gallagher Re
Tom Wakefield, Global CEO Gallagher Re, said: “With the improved terms and conditions available in the reinsurance market, some existing reinsurers are leaning into the hardening market, committing more of their existing capital, as well as any new capital they are...
Axa sets first emissions goals for insurance portfolio
Europe's second-biggest insurer said it would aim for a 20% decrease in the carbon intensity of its largest individual auto insurance portfolios between 2019 and 2030 and a 30% drop in absolute carbon emissions from its largest corporate customers between 2021 and...
China’s new anti-espionage law puts foreign companies in tough situation: Report
The revision expands the scope of targets for espionage to "all documents, data, materials and articles," and allows law enforcement officials to inspect the baggage, electronic devices and property of a suspect This increases the risk for businesses, which are...
UP govt planning to establish waterways on eight rivers for goods, public transport
Inland water transport has a share of two per cent in India's modal mix. The Centre intends to increase the share to five per cent, according to the Maritime India Vision 2030 The recent Ganga Vilas luxury cruise that set off from Varanasi and covered over 3,200...
Maruti, Tata & Hyundai post single-digit rise in Jun passenger vehicle sales; industry crosses record 20 lakh units in H1 2023
Domestic passenger vehicle segment has crossed 20 lakh sales-mark in the first half of the year, a 10 per cent growth over 18.31 lakh units dispatched in the January-June period of 2022. New Delhi: Maruti Suzuki India (MSI),the country's largest carmaker and Hyundai...
Case against Navi Mumbai man for selling fake vehicle insurance policies
The fraud came to light when an accident claim was filed for one of the vehicles. During verification, it was found the policy issued by the accused was fake, APMC police station’s sub-inspector Arun Bilare said Thane: The Navi Mumbai police have registered a case...
Parliament’s Monsoon Session from July 20 to August 11,`The Insurance Bill, 2023’ may be introduced
The session holds importance for the Indian insurance industry as the government is preparing `The Insurance Bill, 2023,’ that may be introduced in the Parliament during the monsoon session `The Insurance Bill, 2023,’ focusses on changing `The Insurance Act 1938' by...
Bank of England consults on next leg of insurance capital reforms
The Solvency II rules were inherited from the European Union and their reform is seen by the insurance industry and by lawmakers who supported Britain’s exit from the bloc as a key “Brexit dividend” to unlock billions of pounds to invest in infrastructure The Bank of...