"CCI approves the proposed combination involving acquisition of...
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Geneva Association report calls for action to safeguard home insurance amid rising extreme weather risks
“Extreme weather is no longer a future threat – it’s disrupting...
EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel
The G7 price cap was agreed in December 2022, banning trade in...
At least 250 people killed in Indonesia earthquake, rescue operations underway
The residents were seen scattered through the streets as buildings crumbled, reported Channel News Asia. The tremors destroyed many buildings and were felt in Cianjur in West Java at a depth of 10 km. Hundreds of buildings were damaged, including an Islamic boarding...
Violent protests erupt at Apple’s biggest iPhone-making plant in China
The Foxconn situation serves up another reminder of the dangers for Apple of relying on a vast production machine centered on China at a time of unpredictable policy and uncertain trade relations Hundreds of workers at Apple Inc.’s main iPhone-making plant in China...
IRDAI asks general insurers to make use of ABDM’s Healthcare Professional Registry
Under Healthcare Professional Registry, a Healthcare Professional ID (HPID) will be created via Aadhaar or other KYC, along with the medical qualifications of the medical professional which is verified by their respective State Medical Councils. This HPID serves as a...
China’s Fosun appoints Deutsche Bank to sell Peak Re – sources
The Chinese conglomerate owns 86.9% of Peak Re, and it is not immediately clear what valuation a sale would ascribe to the reinsurance firm. Peak Re said in its 2021 annual report its total equity was $1.47 billion at the end of 2021 HONG KONG/LONDON: China's Fosun...
IRDA initiates discussions with general insurers to allow larger freedom to design various policies
According to the IRDAI, in the current situation, there are no real free market price discovery, no risk-quality based price discrimination, and no incentives for policyholder to adopt better risk management and insurer to price per own portfolio experience....
MRI shows significant brain abnormalities post-COVID: IIT Delhi study
Neurological symptoms associated with long COVID include difficulty thinking or concentrating, headache, sleep problems, lightheadedness, pins-and-needles sensation, change in smell or taste, and depression or anxiety. Among patients with long COVID, the most commonly...
Kotak Gen launches a car insurance add-on with cashback
Suresh Agarwal, managing director and CEO, Kotak General Insurance said, "Demand for need based insurance cover has been on a rise particularly post Covid. With hybrid and work from home policies coupled with higher fuel prices and increasing inflation has witnessed a...
SAT upholds IRDAI’s rulings against Go Digit on combi product
IRDAI after examining Go Digit’s “Digital Group Total Protect Policy” filed under `Use and File’ norms had asked the company to withdraw the product as some of its features fall under life insurance products and can’t be offered by a general insurance company...
Historic compensation fund approved at UN climate talks
The decision establishes a fund for what negotiators call loss and damage. It is a big win for poorer nations which have long called for cash sometimes viewed as reparations because they are often the victims of climate worsened floods, droughts, heat waves, famines...
Chubb receives regulatory approval to increase its Huatai stake to 83.2%
"China is currently the second largest insurance market after the United States. With an aging and more affluent society comes the growing demands for insurance and asset management products and services. We take a long-term view, and I am confident Huatai will grow...