The IRDAI's board in its recent meeting had deliberated the issue...
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IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life...
Willis launches integrated risk and insurance solution for carbon capture
Charlotte Watts, Head of Energy and Mining in Asia, added, “Carbon...
Govt shortlists 5 candidates for selecting a new GIC Re CMD
The officials who have been shortlisted after due delligence for the Tuesday interview are -- three senior most senior officials of GIC Re-Hitesh Joshi, executive director(ED) and acting CMD,Jayshree Bala, ED, V Balkrishna, general manager and two other private sector...
India will be first country in the world making healthcare quite affordable:Devi Shetty
``Believe me, in the next five to seven years time, expenses for the healthcare services can be paid through adequate insurance coverage and other financial mechanisms including Health Savings Accounts. Health savings account is nothing but a zero balance account with...
NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital services might work for educated customers in major cities, a "human value chain" is still required to sell products in Tier 2 and Tier 3 cities, as well as rural areas. The goal is to merge these two...
2.51 lakh UP farmers receive Rs 285 crore compensation: Adityanath
Yogi Adityanath, Chief Minister,Uttar Pradesh Addressing a programme for the distribution of assistance under the Pradhan Mantri Fasal Bima Yojana and the Mukhyamantri Krishak Durghatna Kalyan Yojana, the chief minister said that farmers who insure their crops are...
Swiss Re to acquire QBE’s Global Trade Credit and Surety business
Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: "This acquisition marks an important milestone for Swiss Re Corporate Solutions. It allows us to expand our offering in this attractive segment by strengthening our global credit and surety platform with a...
South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs
Lto R- Gedion Labane, Consul General of South Africa in Mumbai, Charlise Cloete,Cluster, Market Head Reinsurance: Asia Pacific, Santam,Curt Mayer, Executive Head, Santam Specialist. Gareth Beaver, CEO, Santam Specialist Solutions, and Kush Padia, CEO, Santam Re &...
South-South Cooperation:High-level Kenyan delegation visits India to learn about AB PM-JAY
(Lto R)Dr. Gregory Ganda, County Minister for Health, Kisumu County and Sunil Kumar Barnwal, Chief Executive Officer, National Health Authority in New Delhi Since its launch in 2018, PM-JAY has enabled over 11.6 crore (116 million) hospital admissions worth more than...
Govt yet to take a finall call on stopping import of Russian oil
India’s Directorate General of Shipping has until Friday to extend the approvals of four Russian insurers, its website shows. Four other Russian ones don’t need to renew their approvals until 2029 and 2030. The Indian government must decide in the next few days...
AI:ERGO aims to cut about 1,000 positions in Germany
The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said on Tuesday. They will take place over five years through the end of 2030, with ERGO saying there will be no forced redundancies during this time. Munich Re’s primary...
HDI Global launches new global strategies for expanding international footprint
Edgar Puls, CEO of HDI Global. HDI Global will sharpen its international footprint in selected regions and open new markets. A key focus is North America, as well as dynamic growth regions such as South East Asia and the Middle East Hannove:HDI Global aims to further...