This Bill does not infringe on the federal structure. The primary...
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New India partners with BoI for distributing its products
L to R -PR Rajagopal, ED BOI, Girija Subramanian CMD, NIA, Mukta...
India’s financial system resilient, diverse: IMF report
The report observed that India's insurance sector is strong and...
AM Best maintains stable outlook on Malaysia’s non-life insurance segment
Malaysia's non-life gross written premium rose by 4.0% to MYR 21.97 billion (USD 4.95 billion) in 2021, 44% of which was driven by the general takaful segment. AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry due to...
UK regulators approve a second Lloyd’s Protected Cell Company building on the success of London Bridge Risk
Lloyd’s members and managing agents will be able to use the new vehicle to manage their capital and risk management requirements by attracting new sources of capital and reinsurance protection. London: Lloyd’s today announced that it has received regulatory approval...
Andhra Pradesh: CM takes note of Anakapelle gas leak, orders safety audit in all industries
YS Jagan Mohan Reddy,,Chief Minister, Andhra Pradesh According to the Vishakhapatnam district officials, 53 people were admitted for treatment in a government hospital, while 41 others were undergoing treatment in other hospitals of the district Anakapalle (Andhra...
Global investment in InsurTech at $2.41 billion in Q2 2022, drops 50% over Q2 2021:Gallagher Re
Q2 saw 40 L&H(Life & Health) investments of $918 million, up 12.4%, and 92 P&C InsurTech deals worth $1.49 billion in total. P&C deal flow was down 13.2%, but total investment was up 5.9% on Q1, while average deal size was $20.73 million London: Global...
Swiss Re launches new insurance-linked investment advisory business, to focus on CAT bonds
Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC's) investment strategy focuses on insurance-linked securities, primarily catastrophe bonds, thus allowing investors the opportunity to access Swiss Re's capabilities in catastrophe bond investments,...
Taiwan turmoil affects shipping and global supply chain
Gas suppliers are rerouting or reducing speed on some liquefied natural gas (LNG) vessels currently en route to North Asia Shipments to Taiwan and Japan this weekend will be affected, said the sources SINGAPORE: China's announcement of military drills around Taiwan as...
Wage Revision: Govt offers 12% hike with 5-yr arrears to PSU general insurance industry
The unions of PSU general insurance industry are yet to respond to the new proposal However, there are indications that the unions will reject the latest wage revision proposals from the GIPSA and would like to stick their demand for a pay parity with Life Insurance...
Climate change: Cabinet approves India’s updated nationally determined contributions
According to the updated NDC, India now stands committed to reducing emissions intensity of its GDP by 45 per cent by 2030, from 2005 level, and achieving about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by...
Health ministry releases dos and don’ts to prevent contracting monkeypox
The incubation period is usually from six to 13 days and the case fatality rate of monkeypox has historically ranged up to 11 per cent in the general population and higher among children. In recent times, the case fatality rate has been around 3 to 6 per cent Among...
Overseas travel insurance increases 76% post-pandemic: ICICI Lombard
Sanjeev Mantri, executive director, ICICI Lombard said, “Customers are increasingly cautious and seek adequate medical cover, including COVID-19 cover for overseas trips. The bulk of travel purchases always took place digitally, with the numbers now only increasing....