The United States is close to reaching a deal with Iran that would...
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FSIB to select a new CMD for New India on May 28,6 PSU and Pvt sector officials in race
From PSU insurance sector, Lavanya Mundayur, CMD, Agriculture...
New DFS secy Lohiya joins LIC board, HH Mishra inducted into NIA
Sanjay Lohiya, who will become the new secretary, Department of...
Public Insurance Registry to modernise information architecture of insurance sector:Seth
Ajay Seth, chairman, IRDAI `By enabling standardised, consent-based access to structured insurance data, the Public Insurance Registry seeks to enhance transparency, strengthen consumer confidence, and support more effective regulatory oversight. This reform is...
Government to expand insurance coverage to 25,000 gram panchayats: Sitharaman
25,000 gram panchayats will be covered this time, with gram panchayat being at the focal centre and looking at coverage of insurance in and around that area," Finance Minister Nirmala Sitharaman said New Delhi:The central government is set to extend insurance coverage...
Swiss reinsurer Echo Re opens branch in GIFT City
Fabian Pütz (PhD) Pütz, chief executive officer, commented, “The decision to operate in Gujarat International Finance Tec-City IFSC marks a significant step for Echo Re. It shows our great commitment to the Indian insurance market and provides a gateway to the wider...
Support measures with insurance on anvil for exporters to deal with West Asia crisis
These measures may be announced in areas such as insurance.The joint attack launched by the US and Israel last month on Iran has led to severe disruptions in the movement of ships and planes in West Asia. It has led to spike in oil prices, which has pushed sea, and...
IRDAI reconstitutes Insurance Advisory Committee
The IAC advises the Irdai on framing regulations, protecting policyholder interests, and fostering the orderly growth of the insurance sector. Comprised of industry experts, it reviews policies, ensures regulatory efficiency, and recommends measures to improve market...
Howden aligns global broking regions, forms EMEA broking region
Howden’s MEA businesses – including the UAE, Bahrain, Oman, Tanzania, South Africa, and its newly launched operation in the Kingdom of Saudi Arabia – will align with the Howden Europe business to create a single EMEA broking region led by Luigi Sturani, CEO...
Marsh and Apollo design first-of-its kind insurance facility for Uber to accelerate autonomous ride-hailing
Autonomous Vehicle Insurance Program(AVIP) is underwritten by Apollo’s ibott® division and exclusively provides Uber with dedicated capacity to provide AV partners with comprehensive primary and excess liability coverage at preferred rates, reflecting their unique...
Modernising Indian Insurers: Technology route to transformation
Organisations that are moving towards modular systems and AI-enabled decision tools are seeing faster product development, better pricing accuracy and stronger fraud detection, says a Deloitte India’s report India’s insurance sector is entering a new phase of...
Non-scheduled, general aviation players’ 176 planes do not have cockpit, flight data recorders: Govt
Minister of State for Civil Aviation Murlidhar Mohol said that a total 2,263 aircraft were registered and issued certificates of airworthiness (C of A) before January 1, 2016. New Delhi: As many as 176 planes operated by non-scheduled and general aviation operators do...
Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions
The other option is to receive oil from the Persian Gulf, but at the risk of not getting any if the strait remains closed, said the traders. Saudi Arabia is giving long-term oil customers the option of receiving their allocations for April via the Red Sea port of...