Naveen Chandra Jha, MD & CEO, SBI General Insurance Naveen...
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Swiss insurers Helvetia and Baloise to merge to create top 10 company
The new group, to be called Helvetia Baloise Holding, will become...
Japanese insurer MS&AD plans to invest $5 billion to double U.S. profits
The Tokyo-based casualty insurer has the highest market share in...
Sebi to restart review of $440 million Digit Insurance IPO
The Sebi was concerned that privately-held Digit issued shares to more than 200 individuals in the past financial year, which is not allowed under Indian laws and regulations MUMBAI: India's markets regulator will restart a review of a $440 million initial public...
13 firms ink non-disclosure agreement with govt to use ULIP data
ULIP will give direct and indirect benefits to all logistics stakeholders like verification of drivers and vehicles details in a single click, tracking and tracing of consignment, route optimisation planning, a timely update on the destination of the consignment,...
Florida (Re)insurers to withstand Hurricane Ian, Specialists at risk, says Fitch
Florida is expected to have substantial economic and insured losses from hurricane Ian from heavy rainfall, storm surge and flooding. Based on our initial analysis, insured losses could range from $25 billion-$40 billion for Florida, which could increase depending on...
Death toll in Florida uncertain as Ian takes aim at Carolinas
The storm transformed Florida's southwestern shoreline, dotted with sandy beaches, coastal towns and mobile home parks, into a disaster zone as Ian swept seawater into waterfront homes. Ian, one of the strongest storms ever to hit the U.S. mainland, flooded Gulf Coast...
Indian monsoon season ends with 7% excess rainfall, says IMD
Though the country as a whole has received excess rainfall, the distribution has been uneven with the desert state of Rajasthan reporting 36 per cent more rains than normal and the north-east region, which witnesses copious showers, receiving deficit rainfall New...
Govt pushes back six car airbags rule by a year to Oct 2023
Mandating six airbags is part of a renewed push by the road transport ministry to improve safety after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a recent car crash NEW DELHI: The government will require all passenger cars to have a...
Indian Insurance industry to reach $ 200Bn by FY ’27 : IRDAI Chief
Debasish Panda, chairman, IRDAI “Customer experience, cost of distribution and product innovation are the top three areas of disruption for insurance companies. Thereby, the sector transformation has resulted in the introduction of innovative and tech-first products...
Australia flags tough new data protection laws this year
Australia's Attorney-General Mark Dreyfus said penalties for failing to protect personal data had to be increased so that corporate boards could not dismiss fines as a "cost of doing business." The "absolutely huge amounts" of customer data companies held for years...
Gallagher Re makes strategic appointments to further enhance service capability in Asia Pacific
Mark Morley, Managing Director, Head of Asia Pacific, commented: “As we continue to invest in the depth and capability of our offering across Asia Pacific, appointments such as these ensure that Gallagher Re is positioned to serve the evolving requirements of our...
One of strongest storms Hurricane Ian to make landfall in Florida
Samantha Montano, an assistant professor of emergency management at Massachusetts Maritime Academy, said the powerful winds may not do the worst damage. “Certainly, the wind threat is significant with this storm,” said Montano. “But I think it’s definitely from the...