N Ramaswamy, CMD, GIC Re Combined Ratio improves by 2.66% to...
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APAC records significant rise in cyber claims driven by rising frequency and sophistication, Aon report
“As cyber threats grow more complex and interconnected, companies...
Earnix and Sapiens partner to unlock operational efficiency for P&C insurers in EMEA and APAC
The solution is tailored for insurers in EMEA and APAC. This...
Supply chain risks spur demand-bulge for business interruption coverage: WTW Survey
“From multiple geopolitical tensions to ongoing inflationary pressures, global uncertainty is adding complexity to businesses just as they are recovering from the supply chain crisis. They will now be in catch-up mode against a disruptive environment, facing...
Buffett’s Berkshire posts $35.5 bln profit, buys back more stock
Warren Buffett Those results benefited from Geico snapping a six-quarter string of underwriting losses, and a 68% increase in the income Berkshire's insurance units generate from investments Warren Buffett's Berkshire Hathaway Inc posted a $35.5 billion first-quarter...
Poor diligence while granting driving licences is costing lives on Maha roads, say experts
''With each passing day, we hear of horrific road crashes that claim the lives of innocent people. The process of issuing driving licenses needs to be improved to be able to critically assess the safe driving skills of applicants. This will ensure only skilled drivers...
IRDA proposes new advertisement norms for insurers
Each insurer has to constitute an advertisement committee reporting to the Product Management Committee. The advertisement committee will have at least three members mandatorily from Marketing, Actuarial and Compliance functions of the insurer, said the IRDAI...
WHO experts to weigh whether world ready to end COVID emergency
"It is possible that the emergency may end, but it is critical to communicate that COVID remains a complex public health challenge," said Professor Marion Koopmans, a Dutch virologist who is on the WHO panel. She declined to speculate further ahead of the discussions,...
India at vanguard of digital revolution, its financial inclusion journey can be example for others: UN officials
A “robust and citizen-centric digital public infrastructure plays a major role in achieving multiple national goals, which include financial inclusion, social security, health insurance, digital transactions and easy access to credit while providing the building...
Aon launches dedicated unit to drive climate analytics and advisory into multiple sectors
More than 400 natural catastrophes caused $313 billion of damage worldwide in 2022 As climate change drives new extreme weather records, organizations need to better quantify the impact of climate risk. Aon's Climate Risk Advisory to help clients meet their reporting...
Chola MS records profit before tax of Rs 264 crores in Fy23
V. Suryanarayanan, managing director, Chola MS, said, In FY 2023-24, Chola MS will continue to grow ahead of industry to step up on its present market share of 2.87% amongst multi line players.'' Chennai: Cholamandalam MS General Insurance Company Ltd (Chola MS), a...
Bansal to replace Sourav Mishra in NIC and NIA
The government has nominated Mukesh Kumar Bansal, the new joint secretary in Department of Financial Services (DFS) on the board of Kolkata based National Insurance Company(NIC) with immediate effect in place of Saurabh Mishra, who quit his job earlier. Bansal will...
Govt amends power policy draft to halt new coal-fired capacity: Reports
India, whose proposed coal power capacity is the highest after China, had repeatedly refused to set a timeline to phase out coal, citing low per-capita emissions, surging renewable energy capacity and demand for inexpensive fuel sources India and China account for...