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General insurers rush to become preferred choices for Tesla’s EV customers in India
ACKO General Insurance,Zurich Kotak General Insurance and Liberty...
Rising AI-driven cyber attacks and geopolitical tensions shaping APAC cyber risk landscape, Aon study
"In 2025, global and regional geostrategic tensions remain a key...
Blunck to succeed Jeworrek as chair of Munich Re’s Reinsurance Committee
Thomas Blunck Munich Re has also appointed Clarisse Kopff (49), with effect from 1 December 2022, and Mari-Lizette Malherbe (38), with effect from 1 January 2023, as new members of the Board of Management Munich: The Supervisory Board of Munich Re on Thursday has...
Unseasonal rain, crop losses could keep India’s food inflation high
The crop losses for farmers across the country mean that food prices, already at their highest in over two years, could stay elevated, instead of tapering after the harvest as they usually do India's millions of rural poor will be particularly affected, hit by both...
BMW chief warns against setting gas-powered phase-out date
Oliver Zipse, chairman,BMW "We don't want cars to be taken away out of the base segment, politically that's super dangerous," Zipse said. "If you all of a sudden make car ownership only for rich people, it's a dangerous thing." US President Joe Biden has called for...
Covid-19 still public health emergency of international level: WHO
The committee recommended that there should be three key priorities in the future: strengthening surveillance and achieving vaccination targets for at risk-groups; continuing to increase access to affordable therapeutics; and strengthening pandemic preparedness...
RCap Administrator seeks to reconstruct Reliance Capital into 4 core investment companies
The sole objective of reconstructing RCap CIC into four CICs is to help select bidders of RCap's insurance businesses circumvent the IRDAI guidelines related to the five-year lock-in period Mumbai: In a surprise move, the Reliance Capital (NS:RLCP) (RCap)...
Natural disasters cost global economy over $227 billion till Q3 2022: Aon Cat Report
Michal Lörinc, head of catastrophe insight in Aon’s Impact Forecasting team, said: “It is anticipated that there will be robust loss development across many of the reported natural catastrophes, especially with the realization of costs associated with recent tropical...
CCI slaps penalties totalling Rs 392 cr on MakeMyTrip, Goibibo, OYO
Among others, it was alleged that MMT-Go imposed a price parity in their agreements with hotel partners. Under such pacts, the hotel partners are not allowed to sell their rooms on any other platform or on its own online portal at a price below the price at which it...
Maharashtra: 18 cases of XBB sub-variant of Omicron detected in 15 days
It said 15 out of these 20 cases (18 of XBB and one each of BQ.1 and BA.2.3.20) were vaccinated against COVID-19 while information on the rest five cases is to be received New Delhi:At least 18 cases of XBB sub-variant of Omicron have been reported in Maharashtra in...
India’s domestic passenger volume rose 65% to 10 mn in September: DGCA
The average passenger load factor of these carriers stood at 77.5 per cent against 72.5 per cent PLF delivered in August 2022, the DGCA data show. New Delhi: Domestic air passenger volume grew 64.61 per cent to 10.35 million in September over the same period last...
Hurricane Ian fallout will test Cat Bond investor appetite
Cat bonds are approximately 30% of the ILS market. Commentary from the Monte Carlo Rendezvous 2022 indicated a pipeline of ILS deals of $5 bil. of additional reinsurance capacity, which would benefit insurers facing a hardening market New York: Reinsurers facing...