SBI General Insurance has launched its ‘Crop Insurance Week’...
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Govt modernising weather forecasting system to boost real-time prediction, says Jitendra Singh
Jitendra Singh,Union Minister In charge Meteorology Department...
China pushes commercial insurers in bid to boost local biotechs
The 3.5 trillion yuan ($486 billion) fund — which covers medical...
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...
Reliance Gen offers 2.5% discount on premiums for COVID-19 vaccinated customers
In move to promote preventive vaccination, Reliance General Insurance is offering 2.5 per cent discount* on insurance premiums to customers who have taken the COVID-19 vaccines or Booster shot and other vaccines like Human Papillomavirus vaccine or Pneumococcal...
Outlook 2023: Negotiating a Hard Reinsurance Market
Shankar Garigiparthy,CEO & Country Manager, India Reinsurers have been supporting the Indian market for many years, and have been paying significant amount of claims. With a hardening reinsurance market globally, the Indian market is also likely to face these...