Total electric vehicle (EV) registrations in the country reached...
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Bima Sugam achieves financial closure, mops up Rs 340 crore from insurers and GIC Re
The Ministry of Finance has prohibited three PSU general insurers-...
AI makes weather forecasting more cost effective and accurate
This is the first time Taiping Reinsurance is bringing...
Bengaluru braces for more heavy rain after short reprieve
The chaos over the past few days has raised questions over poor urban planning as the fast-growing city expanded over the years, and on climate change, which has also been blamed for disastrous floods in neighbouring Pakistan The city administration has identified...
69 pc people in India seeing severe effects of climate change: Survey
Twenty-two countries show a majority reporting that they have already been severely impacted by climate change, including nine countries where it exceeds two-thirds of all those surveyed: Mexico (75 per cent), Hungary (74 per cent), Turkey (74 per cent), Colombia (72...
New mobile banking virus prowling in Indian cyberspace
The lethality of the virus can be gauged from the fact that it can collect keystrokes, steal cookies, intercept multi-factor authentication (MFA) tokens, take screenshots and record video from a webcam and can perform gestures like screen click, swipe etc. using...
Tapping Indian Surety Bonds Market
Vishwajeet Kadam The Indian Surety insurance business will assist in developing an alternative to bank guarantees for construction projects. This shall enable the efficient use of working capital and reduce the requirement of collateral to be provided by...
Web-connected devices in EU have to meet new cybersecurity rules or face fines
New rules from the European Commission called the Cyber Resilience Act, set to become public next week, are aimed at improving the security of devices in the face of surging online attacks across the globe. Damages from software and hardware cybercrime amounted to...
Lloyd’s to pay an extra £2,500 to some staff cover their rising living costs in UK
A consequent rise in interest rates to combat inflation contributed to a loss of £1.8 billion in the first six months of the year at Lloyd’s, Neal said. The decline in profit was attributed to a net investment loss of £3.1 billion from unrealized mark-to-market...
End of the COVID-19 pandemic is in sight, says WHO chief
"We are not there yet. But the end is in sight," WHO Director-General Tedros Adhanom Ghebreyesus told reporters at a virtual press conference. Deaths from COVID-19 last week were the lowest since March 2020, the U.N. agency reported The world has never been in a...
Gadkari urges automakers to adopt global safety norms for cars in India
New Delhi: Road Transport Minister Nitin Gadkari on Wednesday said majority of automobile manufacturers in India are already exporting cars with six airbags, and there is a need to adopt similar safety norms for cars in the country, stressing that they should also...
Marsh’s Thomas M Devasia appointed as Irdai’s Member, Non-Life
New Delhi: The government, on Saturday, has appointed Thomas M Devasia of Marsh India Brokers as the member, non-life in the insurance regulator IRDAI. This is for the first time; as reported by Asia Insurance Post earlier, the government has picked up a private...
Gallagher Re launches new academic research centre
London:Gallagher Re, the global reinsurance broker, today has announced the launch of the Gallagher Research Centre (“GRC”). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr Tina Thomson as Global Head of Research, the...