Jean-Christophe Garaix, head of parametrics and agriculture at...
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Govt plans insurance reforms to rein in healthcare costs, sources say
"The idea is to benchmark treatment rates, agreed between insurers...
Private hospital room cost must not exceed 3-star hotel room tariff in cities: Parl panel
The committee noted that households continue to face significant...
Aviation Insurance: A period of dynamic uncertainty
Despite the significant challenges, and elevated war risks for airlines and aviation infrastructure, discussions remained calm and assured, with insurers working closely with brokers and buyers to understand the steps that were being made to mitigate risk and protect...
FY27 kicks off strong for carmakers as auto sales hit 450K
The industry continued to benefit from the tailwinds of GST 2.0 carried forward from the second half of last fiscal, along with repo rate cut and income tax benefit, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said. New...
$2.8 billion Baltimore Bridge settlement:Impacts on marine (re)insurance market
The vast majority of the $2.8 billion will be absorbed by the reinsurance and retrocession markets. While some market participants initially anticipated the full $3 billion limit of the International Group’s reinsurance tower could be called upon, statutory...
US not to lift naval blockade of Iran’s ports till Tehran agress to end its nuclear program:Trump
President Donald Trump The blockade lies at the heart of the impasse between the US and Iran, with the Islamic Republic insisting it won’t restart negotiations or reopen the strait as long as the naval restrictions stay in place. President Donald Trump told Axios he...
DFS Secretary Nagaraju reviews functioning of PSU general insurers
M Nagaraju,secretary,DFS Nagaraju emphasized that PSICs should focus on increasing investment opportunities and devise strategies to reduce loss ratios, while maintaining market share and consistently strengthening their retail portfolios and presence across rural and...
Indian Health Survey: Significant increase in healthcare access across country
The median out-of-pocket medical expenditure per hospitalisation case in 2025 was ₹11,285, indicating that over half of the country's hospitalisations involve relatively low expenditure. The report stated that only a small number of high-cost cases push up the...
Transactional risk insurance gains traction in India
Aditya Samag, Private Equity and M&A Leader, Marsh India, mentioned a clear shift in India to larger, more complex transactions, particularly in high-growth sectors such as technology, healthcare, and infrastructure.In this environment, transactional risk...
Temasek, LIC, Canadian pension fund in line-up to sell stakes in India’s NSE IPO
Major state-owned insurers with significant stakes in the NSE as of March 2025 include Life Insurance Corporation of India (LIC) with 10.72%, and public sector general insurers like GIC, New India Assurance, National Insurance, and Oriental Insurance, each holding...
J&K blacklists Reliance General Insurance for 2 yrs for lapses in implementing its employees’ health schemes
It is not clear how the order of the J&K Government will be implemented as the Reliance General Insurance, which at that time was owned by Anil Ambani's Reliance Group, has now changed hands and changed its name also. It is now owned Hinduja Group and new name of...
Shipping traffic through Strait of Hormuz remains muted as US-Iran talks stall
Shipping traffic passing through the crucial waterway at the entrance to the Gulf during an uneasy ceasefire between Washington and Tehran represents a fraction of the average 140 daily passages before the Iran war began on February 28. At least seven ships – mainly...