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Earlier crop insurance scheme saw cheating as insurers got profits farmers didn’t benefit Minister
"Large-scale irregularities came to light (in the previous scheme)....
ICICI Lombard general insurance net profit rises 29% to Rs 747 crore in Q1FY 26
The insurer's Combined Ratio, a key metric that compares claims and...
US cyber insurance sees sharp prm spike,Profit improvement to moderate: Fitch
Moderating claims frequency drove underwriting performance improvement, with lower ransomware incident costs and a higher proportion of incidents without payment However, this may be temporary, given the rapid pace of technological and economic change, such that...
India says 50 million people directly dependent on coal mining, says India
"As per our estimation, about 50 lakh people are engaged directly or indirectly in coal mining activities, especially in eastern Indian states. So, just transition has to cater to that challenge," he said India will press for a "just energy transition" at the G-20...
Indian general insurance prm to cross Rs 3 trillion by FY 2025, says ICRA
Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, says: “ICRA expects the GDPI to expand by a healthy 13-15% to Rs. 2.73-2.78 trillion by FY2024 and further by 12-14% to Rs. 3.06-3.17 trillion by FY2025. Driven by the improving distribution...
Obesity speeds up loss of immunity from COVID vaccines – new research
Obesity – and its association with several other conditions such as type 2 diabetes, high blood pressure and chronic kidney disease – leads to an increased risk of severe COVID COVID vaccines are very effective, but for some groups they don’t generate as strong an...
Roots Automation Introduces InsurGPT -an advanced generative AI model for insurance
InsurGPT utilizes a deep corpus of insurance specific data and documents alongside systems and process knowledge to significantly improve the accuracy, speed, and validity of data extraction and inferencing, while reducing false-positives, ‘hallucinations,’ that...
Powerful Cyclone Mocha makes landfall in Myanmar, tearing off roofs and killing at least 3
Titon Mitra, the U.N. Development Program representative in Myanmar, tweeted: “Mocha has made landfall. 2m people at risk. Damage and losses are expected to be extensive. We are ready to respond and will need unhindered access to all affected communities.” DHAKA:...
EV penetration in India to cross 21% by 2027:Experts
With the friendly government policies and new entrants arriving on the scene with cheaper EVs, the country is set to witness a plethora of options in the next 2-3 years New Delhi: As India, which is the fourth largest car market globally, charts a new course for...
Cyclone Mocha: Overheated Bay of Bengal fuelling a climate crisis
Extreme weather hazards will occur more frequently due to climate change in the years ahead, the International Organization for Migration (IOM) warned "The linkages between climate change, migration, and displacement are increasingly pressing worldwide," it said,...
Aviation watchdog issues warning on India over jet repo fight
The move by the Aviation Working Group, a UK-based entity that monitors leasing and financing laws, could raise leasing costs for Indian airlines and hurt lessors' confidence just as the world's third-largest domestic market faces record growth India has been placed...
Governments across the world race to regulate AI tools
The European Data Protection Board, which unites Europe’s national privacy watchdogs, said in April it had set up a task force on ChatGPT, a potentially important first step towards a common policy on setting privacy rules on AI Rapid advances in artificial...