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Rising AI-driven cyber attacks and geopolitical tensions shaping APAC cyber risk landscape, Aon study
"In 2025, global and regional geostrategic tensions remain a key...
IRDAI board clears R1 for WestBridge Capital’s KIWI general insurance
The IRDAI is yet to announce range of its board decisions on Monday...
India committed to strengthen traditional medicine practice by bolstering evidence-based research: Sarbananda Sonowal
He added that the vision of the Prime Minister to build a robust healthcare system for the holistic patient care system remains solid as the Union Budget has considerably hiked the budget for the Ministry of Ayush by 20 per cent New Delhi: Union Ayush Minister...
4 PSU general insurers to implement organisational restructuring from Monday, Unions to protest
``As we enter the New Year, we are excited to announce the introduction of this new organisational design starting from 13th February on pilot basis,''said Suchita Gupta, CMD, National Insurance Company in a letter to the company's employees Similar letters have been...
Around 10 states, 5 UTs not implementing crop insurance scheme PMFBY: Tomar
Union Agriculture Minister Narendra Singh Tomar The ten states are: Arunachal Pradesh, Bihar, Gujarat, Jharkhand, Meghalaya, Mizoram, Nagaland, Punjab, Telangana and West Bengal, the minister said in a written reply to the Rajya Sabha Since inception of the scheme in...
UK to expedite insurance reforms, to release £100 billion of capital for investment
Officials could look to implement the Solvency II reforms in two stages, the Financial Times, which first reported the news, said. Insurers could be allowed to swap bonds they have to hold currently for assets such as green technology or housing at first, with other...
Mercedes-Benz faces more than 300,000 claims in UK over “defeat devices” to cheat emissions tests
The mass lawsuit follows the “dieselgate” scandal that engulfed Volkswagen after it admitted to cheating U.S. diesel engine tests, which has cost the carmaker more than 32 billion euros ($34 billion) in vehicle refits, fines and legal costs so far. Oliver Campbell,...
No deviation in inviting ‘challenge mechanism’, RCap lender to NCLAT
The Mumbai bench of NCLT on February 2, ruled against holding a fresh round of auction for the takeover of Anil Ambani-promoted Reliance Capital and said the challenge mechanism for financial bids has already concluded New Delhi: Lenders of Reliance Capital on Friday...
GIC Re’s net profit zooms to Rs 1,200 crore in Q3
As a result of tight underwriting practices in recent years, the third largest Asian reinsure has managed a better combined ratio and lower underwriting losses in Fy 2022-23 Mumbai: Returning to profitability, state owned reinsurer GIC Re’s net profit has...
Turkey, Syria deadly earthquake could cost $4 billion in economic losses,Insured losses expected much lower $1 billion: Fitch
Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area, Fitch added Paris: The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday....
Turkey acknowledges earthquake relief problems as death toll passes 12,000
The death toll from both countries was expected to rise as hundreds of collapsed buildings in many cities have become tombs for people who had been asleep when the quake hit. KAHRAMANMARAS/ANTAKYA, Turkey: President Tayyip Erdogan on Wednesday admitted there were...
U.S. firms in Taiwan making ‘contingency’ plans amid China tensions
In a survey released on Tuesday, which took place between Nov. 15 and Dec. 16, AmCham Taiwan said 33% of respondents said their operations had been “significantly disrupted” by the increase in tensions, compared with 17% when it did a flash survey in August right...