A draft law prepared by the department of atomic energy removes a...
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US cyber insurance premium shrinking to continue: Fitch
The cyber insurance line was profitable for 2024, but direct...
CCI clears Patanjali 5 other entities’ proposal to acquire 98% stake in Magma Gen Insurance
Following the CCI approval, Patanjali Ayurved will assume the role...
India among top ten countries with highest Type 2 diabetes prevalence: Lancet study
The ten countries with the highest estimated T1D( Type 1 Diabetes) prevalence US, India, Brazil, China, Germany, UK, Russia, Canada, Saudi Arabia, and Spain account for 5.08 million (60 per cent) of global cases of T1D, the resaerchers said An estimated 8.4 million...
IRDA forms Ritesh Kumar panel to study long-term products in Property (Dwelling), Motor and Health Insurance
The new WG will examine framework surrounding the products in general insurance including Health Insurance segment for other than annual policies and for uniformity in the approach to be followed Some of the other members of WG are-Neeerja Kapur, CMD, New India...
Majority of world’s largest companies exposed to impacts of climate change by 2050: S&P
“Investors and companies are seeking advanced analytics to respond to the financial impact of climate change. Essential to this, is the ability to quantify the financial impact of climate change at asset level to enable meaningful mitigation and adaptation planning,”...
South and Southeast Asian reinsurers improve underwriting performance, but challenges remain: AM Best
“Although investment returns are expected to increase over the near term alongside a recovery in interest rates, rising inflation in the region is likely to pose challenges in meeting the cost of capital prospectively,” said Kanika Thukral, senior financial analyst,...
FSIB selects 10 GMDs for PSU general insurers and GIC Re
After interviewing 20 candidates, FSIB has chosen Arvind Logani and YK Shimray(for New India Assurance), Inderjeet Singh and Madhulika Bhaskar(GIC Re), Rajeshawri Singh and Navneet Doda( for United India Insurance) and PR Chittaranjan and Geeta Santaseelan(for...
Sebi puts Prem Watsa backed Go Digit’s IPO in ‘abeyance’
Without disclosing the reason, Sebi said "issuance of observations (has been) kept in abeyance" with regard to the IPO of Go Digit, an update on the regulator's website showed on Monday. The information was updated on September 16 The issuance of observations by Sebi...
GIC Re is 3rd largest Asian reinsurer in S&P’s 2022 global chart
Globally, GIC Re, which is pruning its premium base by shedding its loss making business to be profitable, is the 14th largest international reinsurer in 2022. It was the 11th largest global reinsurer in 2021 ``We would prefer to be one of the largest profitable...
IRDAI looks for M&A consultants, Insurance industry to see M&A deals and new entrants
''The sector, like others, has witnessed some merger and acquisitions in the past and will continue to witness them and newer opportunities will emerge in the future. Players with sound underwriting practices, strong financials and right management practices will...
Super typhoon Nanmadol bears down on Japan’s Kyushu island
Railway operators and airlines have cancelled services and convenience store chain Seven-Eleven Japan temporarily shut around 950 stores. Toyota Motor Corp said it will idle production at three factories on Monday Typhoon Nanmadol bore down on Japan's southernmost...
AM Best affirms credit ratings of New India Assurance
AM Best views New India’s business profile as favourable given its market-leading position as the largest non-life insurer in India by gross premium written overall, as well as in major business lines, including health, marine, and fire The company’s underwriting...