The result “gives us confidence in our 2025 targets despite a...
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FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions
The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re,...
Passenger vehicle dispatches rise 4 pc, two-wheelers see 17 pc dip in April: SIAM
SIAM Director General Rajesh Menon stated that the auto industry...
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...
Australia to consider banning paying of ransoms to cyber criminals
Asked on ABC television on Sunday whether the government planned to look at outlawing ransom payments to cyber criminals, Australia's Home Affairs Minister Clare O'Neil said "that's correct". "We will do that in the context of … cyber strategy," she said Sydney:...
Global COVID cases will increase in coming months, but at a slower pace -report
The increase in cases is not expected to cause a surge in deaths, the University of Washington's Institute for Health Metrics and Evaluation (IHME) said Daily global COVID-19 infections are projected to rise slowly to about 18.7 million by February from the current...
Maha: Lok Adalat awards Rs 70 lakh compensation to accident victim’s family
The settlement was reached between the claimants and Iffco-Tokio Gen. Ins. Co Ltd, the insurer of the car involved in the accident Thane/Palghar; The National Lok Adalat in Maharashtra's Palghar district on Saturday awarded Rs 70 lakh compensation to the children of a...
Russian oil cap doubts spur insurer fears of ships left at sea
If insurance was withdrawn mid-voyage, buyers and traders would have to figure out what to do with a stranded cargo potentially exposed to sanctions, complicating a strategy to deprive Russia of funds over its invasion of Ukraine. Oil-laden tankers risk being left...
Insurance contracts have very little option for consumers except to sign on dotted lines: SC
“Such contracts demand a very high degree of prudence, good faith, disclosure and notice on the part of the insurer, being different facets of the doctrine of fairness. Though, a contract of insurance is a voluntary act on the part of the consumer, the obvious...
Telemedicine will witness revolutionary change with improvements in connectivity: ISRO Chairman
Telemedicine connectivity can be strengthened, and the services can be expanded in rural areas with the spread of connectivity through satellites," ISRO Chairman S Somnath "Telemedicine could help bring down the cost of health care. He also noted that 5G connectivity...
Lloyd’s picks England for World Cup glory, team’s estimated insurable value at £3.17bn
Research published with the support of the Centre for Economics and Business Research (Cebr) ranks the teams based on the collective insurable value of their players. The assessment of each insurable value comprises a variety of metrics such as wages, sponsorships,...
Irdai proposes allowing insurers to invest in unlisted companies
IRDAI has sent a proposal to the government to allow buying a more than 10% stake in unlisted firms by insurers, using over 10% of the monies lying in their shareholders fund, policyholders fund, or funds maintained by a reinsurance company, according to the two...
DigiLocker users can now store Ayushman Bharat health records
DigiLocker had earlier completed level 1 integration with ABDM wherein the platform had added ABHA or Ayushman Bharat Health Account creation facility for its 13 crore users. The latest integration will now enable users to utilize DigiLocker as a Personal Health...