Thomas Blunck, CEO, Reinsurance, Munich Re: “As digitalization...
Category:
Non-Life
Latest
Narendra Bharindwal appointed as president of IBAI
Narendra Kumar Bharindwal, President, Insurance Brokers Association...
Announcements by US to have substantial implications for global trade: WTO DG
"While the situation is rapidly evolving, our initial estimates...
Beazley launches Product Recall product in APAC market
The Beazley Manufacturing Risks & Response coverage is an innovative insurance solution that provides what manufacturers need to help protect their business and customers “Our solution includes offerings for any component parts and consumer goods . Adding this to...
A former Swiss Re underwriter wins sex discrimination suit
“We note the tribunal’s conclusions, and we are giving them full and careful consideration,” Swiss Re said in a statement. The firm “does not tolerate discrimination of any kind and is committed to providing an equal and inclusive workplace for all employee A former...
Reliance Capital bid deadline ends today amid investors concern over Reliance General
IDBI Trusteeship Services Limited acting in its capacity as a debenture trustee on behalf of Credit Suisse, had invoked the pledge of Reliance Capital's 100 per cent shareholding in Reliance General in November 2019 and transferred the shares to its account. The...
Financial inclusion major step towards inclusive growth: FM
Nirmala Sitharaman,Finance Minister The success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent...
Supertech takes Rs 100 crore cover for demolition of its twin towers in Noida
Asked about the demolition cost, Arora said Supertech is paying Rs 17.5 crore to Edifice Engineering, which was tasked with safely pulling down the structures, including the premium amount for a Rs 100-crore insurance cover. In addition, there are several other costs...
Ransomware cyber attacks spike to over 1.2 mn per month in H12022
The dominant targets are still five key industries: education, municipalities, healthcare, infrastructure and finance. Researchers also saw a spike in the number of service providers that have been hit with a ransomware attack Ransomware attackers remain defiant and...
Wage Revision: Deadlock continues as PSU general insurance unions insist pay parity with LIC
In a meeting convened by the GIPSA on Saturday to discuss about the restructuring of four PSU general insurance companies, Suchita Gupta, CMD, National Insurance Company and chairperson, GIPSA, had informed the unions that the offering of 12 per cent wage hike to the...
Moderna sues Pfizer/BioNTech for patent infringement over COVID vaccine
Early in the pandemic, Moderna said it would not enforce its COVID-19 patents to help others develop their own vaccines, particularly for low- and middle-income countries. But in March 2022 Moderna said it expected companies such as Pfizer and BioNTech to respect its...
Bimaplan and Niyo Bharat tie-up to make insurance accessible to contractual factory workers
Bimaplan, a Y Combinator-backed insurtech startup has recently announced a partnership with Niyo Bharat, to provide contractual factory workers with vital microinsurance protection plans. Bimaplan and Niyo Bharat’s partnership will provide financial inclusion to...
“Use & File’- ICICI Lombard revamps its product portfolio
Sanjeev Mantri,executive director, ICICI Lombard General Insurance ` The new offerings were propelled by the recent announcement of ‘Use and File’ framework from the IRDAI. Fuelled by regulatory reforms, we have accelerated our pace of developing and launching new...