Mohd. Arif Khan, deputy chief executive officer, SBI General Naveen...
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Beazley hires a new parametric insurance head
Stefan Wunderlich,head of Parametric Insurance Beazley has a...
Fire erupts on Singapore-flagged container vessel off Kerala coast; 18 rescued, 4 missing
The 270-metre-long vessel, with a draught of 12.5 metres, had left...
SC issues detailed norms for adjudicating motor accident claim cases
The Court has noted the concern regarding the delay in disposal of the claims cases under the Motor Vehicles Act, in the trial court or at the appellate stage. For effective implementation of the M.V. Amendment Act and the Rules framed thereunder, the specified...
Global natural catastrophe 2022 insured losses seen at $112 bln- Guy Carpenter
This year’s renewal season was “one of the most challenging. ..the sector has experienced,” Guy Carpenter said, adding that the process had been “extremely late.” Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance...
Domestic passenger vehicles sales rise 23 pc to record of 37.93 lakh units in 2022
''The industry wholesales in January to December 2022 were just short of 38 lakh units. It was 37.93 lakh units against 30.82 lakh in 2021, which is a growth of 23 per cent,'' Maruti Suzuki India Senior Executive Officer, Marketing & Sales Shashank Srivastava told...
Govt plans to increase number of Janaushadhi Kendras to 10,000 by March 2024
Medicines which are priced 50 per cent to 90 per cent less than that of branded versions are sold at the PMBJKs with the product basket comprising 1,759 medicines and 280 surgical devices covering all major therapeutic groups such as cardiovascular, anti-cancers,...
Covid-mutation risk drives rush to test travellers from China across world
The scenario echoes the pandemic’s early days, when China was criticized for not releasing key genetic data on the virus until weeks after news of the new illness became public. Keeping up with viral evolution has posed difficult challenges for drugmakers. For...
Cyber Insurance: Crucial For Digital World
Ransomware attacks, in which hackers gain control of files and data to extract financial gain, continue to be the biggest concern of organisations and is expected to get even more prominent in the years ahead Cyber insurance market is the fastest growing segment in...
Challenging Jan 1 renewals reflect a market seeking new equilibrium: Guy Carpenter
In a renewal season that was extremely late, ultimately, placements were largely completed at client issued structures and pricing, without many of the requested modifications in coverage Reinsurers presented fractured views at the outset, with more extreme coverage...
Over 19,400 road accidents occurred due to loss of control by driver in 2021: Report
According to the report, hit from the back (21.2 per cent) accounted for the largest share in total accidents and the total number of persons killed (18.6 per cent) during 2021 followed by 'head on collision' (18.5 per cent) and (17.7 per cent), respectively. Head-on...
Russia-Ukraine conflict: more ship insurers exit war cover
At least 12 of the 13 organizations within the International Group of P&I Clubs — the main insurer of risks such as collisions and spills — have changed their policies to exclude claims stemming from Russia’s invasion of Ukraine in recent days. The 13 clubs are...
China could see as many as 25,000 deaths a day from Covid-19 in Jan
The jump in cases has fueled concern across the globe about the emergence of new Covid variants that could be more contagious, lethal, or both. That has prompted numerous countries to adopt mandatory testing and entry restrictions for travelers from China, which also...