Interestingly, it also mentioned that nearly 30 per cent of...
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More than 80% insured persons unsure about efficacy of health cover claims survey
“Rising cost of medical treatment is a cause of concern for a vast...
Swiss Re profit rose 18 % to $1.3 billion in Q1 despite California wildfires
The result “gives us confidence in our 2025 targets despite a...
UK in advanced talks with regulators on insurance reforms
Ministers have pushed for insurers to be able to direct more capital into areas such as infrastructure and climate transition. The Prudential Regulation Authority (PRA) has warned that loosening the restrictions on where insurers can invest could put future...
Developing countries, China seek ‘loss and damage’ fund – draft proposal
The subject of loss and damage has for the first time been included on the official COP agenda. But developed and developing nations are split over whether a new mechanism is needed or whether existing financial institutions can deliver the cash needed. The G77 bloc...
Panda meets general re/insurers, takes stock of industry functioning
Debasish Panda,chairman, IRDAI ``This meeting was for general update and to review industry performance in terms of growth, loss ratio, claim settlement ratios, initiatives taken by the IRDAI in the last few months and as an industry what else can be done to...
Abortions, drug use exposed in cyberattack on Australian health insurer Medibank
Following through on a threat, the hackers began publishing the most private medical details of some of Medibank’s customers, including terminated pregnancies, treatment for drug and alcohol addiction and heart attacks, according to a cybersecurity analyst, victims...
BOC Aviation takes insurers to court over claim for jets in Russia
The insurers named in the proceedings, which the filing shows were issued on Nov.3, include Lloyd’s of London Ltd., AIG Inc., Chubb Ltd. and Swiss Re AG. Leasing firms have begun pursuing claims over huge losses since losing control of more than 400 leased planes...
Study finds link between computer access, mental health among young people
The findings of the study were published in Scientific Reports. The COVID-19 pandemic had a significant effect on young people's mental health, with evidence of rising levels of anxiety, depression, and psychological distress. Adolescence is a period when people are...
India submits long-term strategy to achieve net-zero target by 2070
Bhupender Yadav,Union Environment Minister India's approach to low-carbon development is based on four key considerations -- low historic contribution to global warming, energy needs for development, commitment to low-carbon growth according to national circumstances...
US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines
Air India is among the six airlines that have agreed to cough up a total of over USD 600 million as refunds, the US Department of Transportation said on Monday Air India’s policy of “refund on request” is contrary to the Department of Transportation policy, which...
Rich nations stick to coal phase-out as China builds new plants
“Accelerated retirements (of coal plants) within the OECD and the collapse in the scale of new project proposals in the rest of the world have been counteracted by the ongoing expansion of the coal fleet in China,” said the PPCA, an international campaign aimed at...
NIA’s net profit plunges 74% to Rs 33 crore, one time Rs 2600 cr provision to clear five-yr wage arrears
Neerja Kapur,CMD,New India Assurance ``The fall in gross written premium is primarily due to the previous year recording significant revenues from the crop line of business and some government business, which was not there this year. The company made a...