Universal Sompo General Insurance Company has entered into a...
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AIC’s women leaders recognised at Indian PSU Nari Shakti Samman Awards 2025
L to R- Bhaskar Chatterjee (Retd. IAS), Lavanya R. Mandayur, CMD,...
ICICI Lombard General Insurance net profit rises 18% to Rs 820cr, approves an interim dividend of Rs 6.5 per share
Combined ratio in Q2 FY2026 was 105.1 per cent as compared to 104.5...
19th SIRC 2023 on ‘(RE)INSURANCE RESET’ will be held in Singapore from 30 October to 2 November, will be an all in-person event
The Singapore Reinsurers’ Association (SRA) Chair, Marc Haushofer said “The SRA Executive Committee (EXCO) had deliberated intensely over the messaging that would appropriately encapsulate the state of the industry today, which had over the past few months displayed...
Typhoon Mawar is most powerful storm of 2023, so far
Mawar is now one of the three strongest storms ever to hit the North Pacific in May and is the undisputed most powerful — in terms of windspeed — of 2023 so far, according to Jeff Masters, a meteorologist for Yale Climate Connections. But there is still a lot of year...
Lloyd’s Register drops ships of top Indian carrier of Russian oil
A major U.S. insurer, the American Club, also told Reuters it was no longer providing cover for Gatik ships, while Russian insurer Ingosstrakh said it would not work with Gatik in future Lloyd’s Register has told India’s Gatik Ship Management, which has become a major...
`Insurance for all’ by 2047-Insurers unveil initiatives in Mizoram
Lalramsanga Sailo, secretary, Mizoram, said, "We look forward to life and general insurance companies making significant contribution to promote the cause of insurance, generate employment and promote entrepreneurship in the state of Mizoram." As part of the Insurance...
Carney’s climate alliance sounds alarm on “political attacks” on insurers
"These political attacks are now interfering with insurers’ independent efforts to price climate risk, which will harm policyholders, main street investors and local economies," a spokesperson for GFANZ, a United Nations-backed coalition of financial institutions...
WTW unveils new financial product to protect intangible assets
An intangible asset is one that is not physical in nature but one that can hold significant value, and which can be created, transferred, bought or sold. Typical examples of intangible assets include intellectual property rights such as patents, trademarks, and...
GIC Re doubles its net profit to Rs 3,417 crore in Q4FY2023, declares a dividend of Rs 7 per share
Devesh Srivastava, CMD, GIC Re GIC Re’s record net profit has been possible as the third largest Asian reinsurer has a combined ratio of 89.16 per cent and an underwriting profit of Rs 889.77 crore along with a higher investment income of Rs 3,667.16 during the...
Indian insurance industry to have a UPI-like moment soon: IRDAI Chief
Debasish Panda,Chairman,IRDAI ''We are working with the councils of both life and general insurance to have a UPI-like moment for the insurance sector. A conceptual framework has been contemplated,'' he said, adding that this is being proposed through the Bima trinity...
UN says U.S. concerns have led to insurers quitting climate alliance
Reinsurer Swiss Re on Monday joined Munich Re, Zurich Insurance, and Hannover Re in exiting the Net Zero Insurance Alliance amid growing pressure in the U.S., where some Republican politicians say these alliances could be breaking antitrust rules The United Nations...
Irdai to hold open house for insurtech, fintech on 15th of every month
"It is expected that the solutions/ideas would help in increasing the insurance penetration in the country," the Insurance Regulatory and Development Authority of India (Irdai) said in a statement Hyderabad: Regulator Irdai will hold an open house for the insurtech...