Individual underwriters will price risk and rates differently, but...
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AI plane crash: Insurers in a fix as both policyholders and nominees among dead
There are instances of an entire family perishing or one of the...
Passenger vehicle wholesales marginally down at 3,44,656 units in May: SIAM
Total vehicle wholesales across categories were up 1.8 per cent at...
Joshimath crisis: Badrinath National Highway develops cracks
Significantly, the number of structures that have developed cracks in the holy city has increased to 863 In view of the cracks, along with the obstruction of the road to Badrinath Dham, the contact of the Indian Army with the China border may also be cut off...
Rising Pvt Sector:Tapan Singhel to replace Anjan Dey as chairman of GI Council
Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance The choice for the chairmanship of GI Council tilted in favour of one of the private sector CEOs as the market share public sector insurers, basically the four PSU general Insurers, NIA, OIC, United...
Indian insurance industry needs Rs 50k annual investment for doubling its growth in 5 yrs
Debasish Panda,chairman, IRDAI "If we have to double the penetration, every year there is a need to infuse an additional Rs 50,000 crore. While half of these funds need to be generated by the insurers internally, the other half has to mobilised from markets and...
NCLT directs lenders to maintain status quo on Reliance Capital matter
Torrent Investments had filed a plea seeking the tribunal to quash the lenders' plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Torrent Investments was the highest bidder offering Rs 8,640 crore Mumbai: The National Company...
Govt vehicles older than 15 yrs to be scrapped, says road transport ministry
Under the new policy which is effective from April 1, 2022, the Centre has said states and Union Territories will provide up to 25 per cent tax rebate on road tax for vehicles that are purchased after scrapping old vehicles. New Delhi: From April 1, all vehicles owned...
Claims and reinsurance costs impacting on Indian insurers’ profitability
"India's privately-owned insurers, where foreign shareholdings are concentrated, have cut their exposure to high risk assets and have been early adopters of actuarial-led reserve management and risk-based capital management. This has and will continue to help private...
AXA reduces aviation war cover after Ukraine losses, sources say
One of the top 10 players in global aviation insurance, AXA XL is pulling back from underwriting risk on so-called war cover, the sources said, reducing options for airline operators or lessors seeking protection against loss or damage arising from warThe retreat by a...
WTW outlines “New Trilemma” of challenges for renewables-sector risk managers
: “Macro events and trends such as inflation, cost increases, security, and supply chains are impacting the renewable energy industry, making the current business environment a challenging one for risk managers. Several important steps will help them to assess their...
Hannover Re partners with Stone Ridge in first cyber risks transfer to the capital markets
"For the first time, we were able to transfer cyber risks to the capital markets, and on a substantial scale, through a proportional reinsurance solution. This underscores our lead role as a bridge builder between the capital markets and the insurance industry," said...
FSIB selects RR Singh as CMD of OIC
Rashmi Raman Singh, general manager and director, Oriental Insurance Company The next round of vacancies of CMDs in the PSU general insurance companies, during the year, will be happening when Suchita Gupta will be calling it a day at National Insurance Company(NIC)...