Research shows that approximately half of all mental health...
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Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets
The tentative agreement would allow require Boeing to contribute...
Indian insurance market expands by 10.6% to $145 billion in 2024, Allianz report
While China (+7.8% p.a.) will continue to dominate the region in...
Car prices to rise as auto cos gear to comply with stricter emission norms
ICRA Vice President & Sector Head, (Corporate Ratings) Rohan Kanwar Gupta cautioned that as OEMs have been forced to take price hikes to counter inflation over the past 15-18 months, any further increase in the price of the vehicle could have a moderating impact...
AM Best affirms GIC Re’s Financial Strength Rating(FSR) as stable
The Credit Ratings (ratings) reflect GIC Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management (ERM). In addition, the ratings factor in a...
Wage Revision: FM wants “Performance Linked Future Wage Revision’ for PSU GI industry before clearing its pending new salaries
Nirmala Sithraman,Union finance minister The unions had asked the DFS and GIPSA to clear the pending Wage Revision at par with Life Insurance Corporation (LIC) without any condition or linking it with future ``Performance Linked Wage Revision’’ before Diwali and...
Munich Re not to invest in or insure new oil and gas fields from April 2023
Furthermore, in its own listed equities and corporates portfolio, as of 1 April 2023, Munich Re will cease to conduct new direct investments in pure-play Oil & Gas companies As of 1 January 2025, Munich Re will require a credible commitment to net-zero greenhouse...
Market turmoil may hinder UK’s plans to reform EU insurance solvency rules
“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...
AI-powered WHO Digital Health Worker ‘Florence 2.0’ launched in Qatar
Florence can share advice on mental health, give tips to destress, provide guidance on how to eat right, be more active, and quit tobacco and e-cigarettes. She can also offer information on COVID-19 vaccines and more. Florence 2.0 is now available in English with...
Wage Revision: FM withholds approvals on “performance linked wages” for PSU Gen insurers, GIPSA to meet unions tom
``The ministry of finance wants the unions to agree for the performance based wage revision in future before effecting the new revision of 12 per cent hike with five years of arrears for the workforce of the general insurance industry,'' said sources in the ministry...
Howden RE appoints Doreen Tan as Director, ASEAN Treaty / Retrocession
Tan will be responsible for servicing clients and markets across Asia Pacific as part of Howden RE’s growing treaty reinsurance division dedicated to the region and her appointment represents Howden’s continued investment in expertise Singapore: Howden Reinsurance...
Australia unveils privacy rule changes after Optus data breach
The changes will enable telcos to share government-issued identification documents with banks to allow them to implement enhanced monitoring for customers impacted by data breaches Australia on Thursday proposed an overhaul of consumer privacy rules that will help...
AM Best Maintains Stable Outlook on Japan Non-Life Insurance Market
While AM Best expects premium revenue to increase, mainly driven by fire, personal accident and other specialty insurance, it is probable that underlying underwriting profit will contract from a higher loss ratio for voluntary automobile insurance. Potentially higher...