Rakesh Joshi, chairman, Bima Sugam India Federation Joshi as a...
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Zurich Insurance to buy Canadian cyber risk management firm BOXX Insurance
“BOXX’s digital-first, service-led approach will help us further...
Retail vehicle sales in India surpass wholesales in June, driven by discounts, EV push
New Delhi: Retail registrations in the Indian automobile market...
UN maritime agency raises concerns about shadow oil tanker fleet
Countries including Spain, Australia, the U.S. and Canada are part of a push at the IMO to increase oversight of the murky activities in oil trading that have emerged within the last year. Russia’s invasion of Ukraine — and subsequent sanctions by Western governments...
April 1 renewals: Reinsurers maintain discipline, focus on pricing and contract improvements, Gallagher Re
``Despite this more uniform and global approach, a client-led underwriting process remained evident. Clients and markets who had seen significant price increases and tightening of reinsurance conditions in recent years consequently experienced more measured...
Air India escapes premium hike in hard Apr 1 renewal, Tata AIG Gen replaces New India as lead insurer for the cover
With a good track record, AI has managed to hold on to the last year premium of $30 million After a year of ownership of Air India, Tatas have preferred to make their own subsidiary Tata AIG General insurance as the lead insurer for the airlines by giving larger...
China cuts medical benefits for seniors due to cash shortage
In the longer term, the "grey hair movement" is indicative of a fundamental issue facing the Chinese government, how to care for a rapidly ageing society where 400 million people, or 30 per cent of the population, will be 60 or older by 2035. China's public health...
Remain cautious and wear mask, focus should be on clinical cases: Experts on Covid surge in Delhi
'The rise in Covid cases is led by the new variant ''Our focus should be on looking for clinical cases rather than laboratory-tested cases.For India, there is a 30-fold increase in cases but the daily deaths have not increased in that proportion. We should not worry...
Maruti Suzuki, Hyundai, Tata Motors report best-ever wholesales in FY23
''We expect the industry growth to be in the range of 5-7 per cent this fiscal and the company would like to perform better than the industry,'' said Shashank Srivastava,executive director,Maruti Suzuki India New Delhi: Maruti Suzuki, Hyundai and Tata Motors reported...
Centre reviews public health preparedness for management of Covid-19
States and UTs were briefed that India has been witnessing an increase in COVID-19 cases with average daily cases rising to 966 in the week ending March 23 2023 from 313 average daily cases in the week ending March 3 2023; and weekly positivity going up to 1.08 per...
New life players-Acko Life Insurance and Credit Access Life Insurance receive licenses from IRDAI
Three new players have been given licenses in FY2022-23. Another 20 players which intend to enter country's life, non-life and reinsurance sector are in the pipeline, said IRDAI on Friday. Hyderabad: Finally, the long dry spell of new life players have come an end...
LIC,GIC Re and NIA continue to be listed as D-SIIs in 2022-23:IRDAI
Domestic Systemically Important Insurers refer to insurers of such size, market importance, and domestic and global interconnectedness, whose distress or failure would cause a significant dislocation in the domestic financial system, said the Irdai Hyderabad: Life...
Munich Re exits Net-Zero Insurance Alliance
“In our view, the opportunities to pursue decarbonisation goals in a collective approach among insurers worldwide without exposing ourselves to material antitrust risks are so limited that it is more effective to pursue our climate ambition to reduce global warming...