Ajay Seth,chairman , IRDAI "The idea is to allow for an orderly...
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Growing and interconnected climate risks require appropriately priced insurance: Munich Re
Artificial intelligence, geopolitical tensions and growing digital...
Fairfax plans to merge Digit, IIFL Capital with IDBI Bank to build global financial services major, N. S. Kannan to be bank’s chairman
Prem Watsa, chairman and chief executive officer of Fairfax...
Companies experience sharp increase in business interruption losses, says Allianz
According to a new analysis from Allianz Commercial, the average total value of a business interruption claim now exceeds €850,000. This is around 70% higher than the corresponding average property damage claim of close to €500,000, demonstrating that the financial...
Leadership changes loom at Bajaj General, IndusInd General
Sharad Mathur has already joined IndusInd General Insurance to succeed Rakesh Jain, while Parag Ved, MD & CEO of Liberty General Insurance is currently one of the frontrunners to succeed Tapan Singhel at Bajaj General Insurance, who completes 15 years in March...
Businesses boost risk management spend but resilience gap remains;Hiscox report
Kate Markham, Hiscox London Market CEO, said: “Our research highlights a growing resilience gap. While organisations are investing more in risk management, many still lack the structures, visibility and capabilities needed to understand how disruption spreads across...
GIC Re’s credit ratings affirmed by AM Best
The ratings reflect GIC Re's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. In addition, the ratings factor in a neutral impact from...
UNDP and Generali Central launch insurance innovation challenge to strengthen MSME resilience in India
Angela Lusigi, Resident Representative, UNDP India India’s more than 73 million MSMEs contribute about 30% of the country’s GDP and 44% of its exports, while employing 60% of its workforce (SIDBI, 2025). Yet climate shocks, supply-chain disruption, workplace risks and...
Chhattisgarh govt blacklists Oriental Insurance for 3 yrs over delayed helicopter crash claim, insurer says claim not payble
The state's Directorate of Aviation took the action in connection with the insurance claim for a government-owned AgustaWestland helicopter that crashed in May 2022, killing two pilots `We, at OICL are very disappointed at this unjust decision on the part of...
Electric car sales jump nearly two-fold to 36,108 units in Sep: FADA
“Festive demand, maturing running-cost economics, a widening choice of models and sustained policy support through PM E-DRIVE and progressive state schemes are together turning the EV from an alternative into a default consideration for a growing set of buyers,” FADA...
Govt directs banks to increase awareness of claim eligibility in Jansuraksha insurance schemes
Sanjay Lohiya,secretary, Department of Financial Services , also asked banks to enrol all new beneficiaries of PMJJBY & PMSBY through the Jan Suraksha portal as the portal will be integrated with all banks and insurers thereby enhancing the quality of data and...
IRDAI’s distribution reforms faces pushback from brokers, auto dealers
Brokers are seeking an extension of a deadline for consultation on the proposals to late December from October 25, an independent impact assessment, as well as the removal of caps on commission. The proposals could lower broker revenues by nearly 70%, IBAI President...
Wall Street PEs’ $10 bn hospital bet sparks fight over healthcare costs, Insurers Fret
S Prakash, CEO of the General Insurance Council’s Health Insurance Ecosystem and Strategic Partnerships. “For all the benefits of private equity fund infusion, the tax we have to pay is higher cost,” says S Prakash, CEO of the General Insurance Council’s Health...