Costs from global ransomware damage are expected to climb to more...
Category:
Non-Life
Latest
Firm issued fake insurance for Russian oil tankers, Norway’s regulator says
Such vessels are not regulated or covered by conventional Western...
New India celebrates `Bima Jagruti Mahotsava’ in Gujarat
Furthering its commitment to financial inclusion, NIA has opened a...
World reaches ‘tragic milestone’ of one million COVID-19 deaths so far in 2022
In January, WHO and partners launched the COVID-19 Vaccine Delivery Partnership, focused mainly on the 34 countries that were at or below 10 per cent coverage. All but six are on the continent Today, only 10 countries still have less than 10 per cent coverage, most of...
Russian coal exports face European insurance ban
While Russian coal miners started re-directing volumes to Asia long before the ban came into force, the shipowners typically reinsure their risks with bigger providers that can no longer cover such exports. The companies are looking at other options, but those will be...
Indian Ocean coastline off Somalia declassified as a “high-risk area”
The change was approved by marine groups including the International Chamber of Shipping and will be operational from January next year, they said in an emailed statement on Monday “No piracy attacks against merchant ships have occurred off Somalia since 2018,”...
Flexible work places can encourage more women to join labour force, Modi says
Prime Minister Narendra Modi Reiterating that the future needs flexible workplaces, a work-from-home ecosystem, and flexible work hours, the Prime Minister said,`` we can use systems like flexible workplaces as opportunities for women's labour force participation.''...
Indian insurance industry providing a higher return on equity than developed markets: IRDAI Chairman
Debasish Panda,chairman,IRDAI ``Indian insurance companies on an average have provided a return of 23 per cent while US insurance industry’s return has been at 13 per cent, a point to note for our American counterparts,’’ said Panda, while addressing a webinar...
Park outside: Fire risk prompts Hyundai, Kia hitch recalls
The Korean automakers are recalling more than 281,000 vehicles in the US because of the problem, but they haven't figured out how to fix it yet. The automakers reported 25 fires or melting incidents in the US and Canada caused by the problem, but no crashes or...
Govt making investments on six fronts to strengthen healthcare services: PM Modi
Prime Minister Narendra Modi The first front is encouraging prevention healthcare. The second one is opening small and modern hospitals. The third front is opening big institutes of medical colleges and research. The fourth front is increasing the number of...
General insurers can pay commissions to intermediaries upto 20% of their gross premium: IRDAI
After setting stiff premium targets for the insurers, the IRDAI in its ``Exposure draft- Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022'' has...
Universal Sompo Gen Insurance partners with Repco Home Finance to insure home loans
Universal Sompo General Insurance has partnered with Chennai based Repco Home Finance Ltd to insure their home loans This partnership will, additionally, disburse affordable insurance solutions from Universal Sompo General Insurance like Group Credit Protection,...
NTPC to foray into Nuclear power projects, plans 2 nuclear plants
The country currently generates about 70% of its electricity using coal and around 3% from nuclear, and has opened its atomic industry to state-controlled firms beyond Nuclear Power Corp. of India Ltd. in a bid to speed adoption of nuclear energy New Delhi: India’s...