India’s refiners have been singled out by the European Union and...
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IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities...
Spike in Used Car Purchases: Transferring policies
“An untransferred insurance policy puts both the buyer and seller...
Life-threatening infections on the rise due to drug-resistant bacteria, new WHO report reveals
The high levels of resistance to treatment are reported in bacteria frequently causing bloodstream infections in hospitals the Global Antimicrobial Resistance and Use Surveillance System (GLASS) report states, based on 2020 data from 87 countries UN: Over 50 per cent...
Reluctance of ECGC to issue fresh insurance cover will have impact on exports and execution of projects: PHD Chamber
"ECGC is reluctant to issue the coverage to EXIM bank because of the default committed by Sri Lanka and Zambia. This is adversely affecting the overall export performance of Indian exporters,"said PHDCCI President, Saket Dalmia New Delhi: A number of project exporters...
Automobile retail sales soar to record high in Nov: FADA
The overall automobile retail sales rose by 26 per cent to 23,80,465 units last month, as compared with 18,93,647 units in November 2021. Aided by brisk offtake, two-wheeler retails rose to 18,47,708 units last month, up 24 per cent, as against 14,94,797 units in...
Climate change & Disaster Risk: Investing in Nature-based Solutions
Nature-based solutions are defined by the UN Environnment Assembly resolution 5/5 as "actions to protect, conserve, restore, sustainably use and manage natural or modified terrestrial, freshwater, coastal and marine ecosystems which address social, economic and...
Govt makes 5 of IRDAI’s board decisions into regulations in less than a fortnight
Industry observers said with the speed government has notified some of the IRDAI's decisions shows its priority on the issue of penetration in the insurance sector. It is expected that the government may deal with the proposed amendments in the two Insurance Acts-...
Munich Re and Swiss Re back Bajaj Allianz General to launch first-ever surety bond for NHAI projects on Dec 19
"The surety bonds will help in boosting the liquidity in the infrastructure sector by freeing the contractors working capital stuck in bank guarantees. Contractors can utilise these funds for growth of their business," said Nitin Gadkari, union minister, road...
Deep depression intensifies into cyclonic storm Mandous, IMD alert for Tamil Nadu, Puducherry, AP
"Light to moderate rainfall at most places with heavy to very heavy rainfall at a few places and extremely heavy rainfalls at isolated places very likely over north coastal Tamil Nadu, Puducherry and adjoining south Coastal Andhra and isolated very heavy rainfall...
Kerala govt releases revised action plan on climate change
Building disaster resilient infrastructure and strengthening institutional mechanisms for better disaster responses and raising incomes to bolster capabilities of individuals and communities to adapt to local impacts of climate change are important,'' said Kerala...
More than 1 in 5 worldwide suffering from violence at work: ILO
The most common reasons given for non-disclosure were that it was seen as a "waste of time", leaving people who have been abused, fearing for their reputation. Women were more likely to share their experiences than men (60.7 per cent compared to 50.1 per cent) UN:...
Oil tankers blocked near Turkey by proof-of-insurance rule
The measure, which came into force on Friday, compels ships carrying crude oil to have a letter from their insurer guaranteeing cover while in Turkey’s waters. Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof...