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Plane crash DNA tests identify 47 victims, 24 bodies handed over to kin
The committee, headed by Union Home Secretary Govind Mohan, is...
Iran-Israel war could hurt exports; increase insurance costs: Exporters
"The war will further hurt global trade. The situation was...
FSIB to interview 5 sr officials today for selecting CMD of OIC
The officials, who are appearing for the interview to be held on Tuesday afternoon are- N Ramaswamy, general manager, GIC Re, Rashmi Raman Singh, director OIC, M Rajeswari Singh, director, United India Insurance, BS Rahul, general manger, Agriculture Insurance...
Green Bonds purchase by insurers to be treated as infrastructure investments: IRDAI
The regulator, in a circular dated Jan. 13, said the move was made with the objective of "de-concentration and diversification" of insurers' infrastructure portfolios as well as "from the perspective of participation in environmental, social and governance (ESG)...
Globally, wildfires cost $50 bn every year; AI can help fight them: WEF
World Economic Forum said that global wildfires in 2021 released an estimated 6,450 mega tonnes of CO2 into the atmosphere Sensors with in-built AI can collect acoustic information or operate as smoke detectors in forests and alert authorities within the first hour of...
MS Amlin strengthens Asian reinsurance offering with Phoenix 3 Re launch
Phoenix 3 Re has secured over USD45m of collateralised capacity, more than its predecessors Phoenix 1 Re and Phoenix 2 Re. Alongside an increased underwriting risk appetite, this gives MS AAP close to USD83m of capacity through its Phoenix vehicles, to support local...
India may become the sixth largest insurance market in the world by 2032: Swiss Re Report
India will become the sixth largest insurance market in the world in terms of premium volume by 2032, up from 10th largest in 2021 Life insurance profitability in India to benefit from rising interest rates. Pandemic-related claims continued to impact life insurers’...
Maha: Tribunal awards Rs 12.96 lakh compensation to woman for son’s death in road accident
The MACT awarded a compensation of Rs 12.96 lakh to the deceased's mother, including Rs 8.64 lakh towards the loss of income, Rs 3.45 lakh for future prospects, Rs 16,500 towards loss of estate, Rs 44,000 for loss of filial consortium, Rs 16,500 for funeral expenses...
Centre earmarks Rs 2,000 crore to encourage states to scrap old vehicles
Incentive for scrapping of old vehicles has been added to the scheme and an amount of Rs 2,000 crore has been earmarked for scrapping state government vehicles which are older than 15 years, waiver of liabilities on old vehicles and providing tax concessions to...
India continuously striving to provide high-quality, cost-effective healthcare to everyone: Mandaviya
Union Health Minister Mansukh Mandaviya India's experience has reinforced the fact that capacity building of healthcare workers at various levels of governance, coupled with harnessing digital technology, is the way forward. With more than 1.3 million (13 lakh)...
Malfunctioning of system human error could have caused Nepal plane crash Experts
The aircraft involved is a 15 year old ATR 72-500 with registration number 9N-ANC and serial number 754. This aircraft was equipped with an old transponder with unreliable data. We are downloading high resolution data and verifying the data quality," flight tracking...
68 killed in Yeti Airline plane crash in Nepal; fate of 5 Indians not known
Yeti Airlines' 9N-ANC ATR-72 aircraft took off from Kathmandu's Tribhuvan International Airport at 10:33 am and crashed on the bank of the Seti River between the old airport and the new airport minutes before landing, according to the Civil Aviation Authority of Nepal...