The state has suffered losses of over Rs 3,040 crore due to 91...
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Global reinsurance results very strong in 1H25, Revenue growth is slowing: Fitch
Fitch expects competition to intensify as supply outpaces demand,...
AHPI withdraws suspension of cashless hospitalisation notice served on Bajaj Allianz
Commenting on the issue, APHI Director General Girdhar Gyani said,...
Insurers hit with thousands of claims as rains soak New Zealand
Citi in a research note observed that IAG’s exposure to the floods in Auckland, which could be potentially as much as A$236 million, is “much greater” than Suncorp’s NZ$50 million cap Major insurers operating in New Zealand including Insurance Australia Group and...
9 lakh govt vehicles, buses older than 15 years to go off the road from Apr 1, says Gadkari
Nitin Gadkari,Union Minister for Road Transport & Highways 'We have now approved the scrapping of more than nine lakh government vehicles, which are more than 15 years old, and polluting buses and cars will go off the road and new vehicles with alternative fuels...
Bajaj Finserv net income jumps 42 pc to Rs 1,782 crore
The general insurance arm's net profit declined 9 per cent to 278 crore from Rs 304 crore and that of life insurance arm's too declined 8 per cent to Rs 81 crore from Rs 88 crore. Mumbai:Bajaj Finserv, holding company of Bajaj Group's financial services businesses, on...
Road transport, highways sector has max number of delayed projects: Govt
In the road transport and highways sector, 428 out of 724 projects are delayed. In railways, out of 173 projects, 117 are delayed, while in the petroleum sector, 88 out of 158 projects are running behind schedule, as per the latest flash report on infrastructure...
“Most of the policyholders have misconceptions about health and motor policies” ICICI Lombard Survey
Sanjeev Mantri, executive director, ICICI Lombard General Insurance said, “Insurance policies tend to have a lot of complex jargon, which is difficult to understand by a layman. This is where insurance literacy comes into play. The only way to accelerate financial...
China’s economic slowdown can generate ripple effects across world: Report
Observers were already talking about China falling into the middle-income trap and now, evidence has come to light that the country is finding it hard to keep its miracle of sustained higher growth rates anywhere closer to 10 per cent or more recorded during the late...
SCOR appoints Swiss Re’s Thierry Léger as its CEO as Rousseau steps down
Thierry Léger, CEO- Designate,SCOR Léger will be responsible for drawing up a new attractive and ambitious strategic plan for SCOR, and will outline the orientations and main themes of this plan at the 2023 general meeting. His mission will be to help SCOR further...
Budget- 2023-24:FM may announce sops for middle class
Nirmala Sitharaman, Union Finance Minister The insurance industry has been pitching for a separate tax deduction provision for life insurance, tax waiver for annuity income, and higher deductions for health insurance premiums. New Delhi: The finance ministry is...
Climate Is forcing the most risk-aware industry to reinvent Itself
Christian Mumenthaler,, group chief executive officer, Swiss Re The difficulties are forcing the insurance industry to get creative. There are three levers it can use to reduce climate risks: reduce its own emissions, force the companies it invests in to reduce their...
Global insured losses from natural disasters exceed $130 Billion in 2022, second-costliest event on record: Aon
Data show that 2022 was the fifth costliest year on record for insurers, with approximately $50-55 billion of the global insured loss total resulting from Hurricane Ian in the United States - the second-costliest natural catastrophe in history from an insurance...