Following the CCI approval, Patanjali Ayurved will assume the role...
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Financial Preparedness: Health Insurance gains ground
Indians continue to favor traditional financial investments such as...
Over 1.3 crore get insurance cover through GeM in 2024-25
“GeM remains committed to continuously enhancing its platform to...
Bhaskar gets additional power of NIA CMD
Madhulika Bhaskar, general manager, New India Assurance `The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for entrusting financial and administrative powers andfunctions of the post of...
Ships get older and slower as emissions rules bite
Supply chains are already strained due to a surge in demand as economies rebound from lockdowns, pandemic disruptions at ports and a lack of new ships. If older vessels move into the slow lane as well, shipping capacity could take another hit at a time when record...
CERT-In takes steps to safeguard key infrastructure from hackers throughout border
Cyber assaults on important infrastructure by nation-state dangerous actors have elevated considerably and India noticed a 70 per cent improve in ransomware exercise within the fourth quarter (This autumn) of 2021, in keeping with cybersecurity firm Trellix CERT-In...
IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry
Non-life panel headed by Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, to deliberate on issues like Obligatory Cession, Cession cap on cross boarder reinsurers, introduction of emerging risk transfer solutions (ART, ILS, CAT bonds etc.), and...
Delhi HC further adjourns “Singh Vs Government of India” case to Sep 8, NIA CMD appointment to get delayed
Indicating a possible scenario, industry observers say the government will now go ahead and appoint GMDs of PSU general insurers who can be selected by the FSIB and these GMDs( each company has provisions for two GMDs) can be given temporary charge of CMD of the...
8 new Insurance Ombusdmen selected
Atul Sahai, former CMD, New India Assurance has been selected for Lucknow along with Manoj K Parida, a retired IAS officer for Bhubaneswar, Bimbadhar Pradhan, ( retired IAS for Noida), C Vikash Rao (Life Insurance Corporation for Ahemedabad),Sumeet Jarath(Delhi),...
4.4 million are in “serious financial difficulties” and a further 20% are “struggling” to get by in UK
Of those in serious financial difficulty, 71% have reduced the quality of food they eat, 36% have sold or pawned possessions and 27% have canceled or not renewed insurance London: The number of UK households facing acute financial strain has risen by almost 60% since...
IRDAI considers 12 new insurance players for licenses
Debasish Panda, chairman, IRDAI The entities who have applied for the new licenses are Paytm General Insurance, Anzen General Insurance ( R1 filed in July), Ria General Insurance( R1 applied), Kshema General Insurance(Agriculture Insurance, R2 under process),Cosmea...
70 pc of senior citizens didn’t have access to proper healthcare during Covid: Survey
An ageing population in India, along with a growing middle class and enhanced life expectancy, is expected to boost the demand for allied health care services in India, Antara said. New Delhi: Around 70 per cent of senior citizens did not have access to proper...
Flooding affects 7.2mn people in Bangladesh: UN
According to the statement, the Bangladeshi government has evacuated over 472,000 people to some 1,605 shelters Dhaka: An estimated 7.2 million people have been severely affected in Bangladesh following devastating flash floods which began in May with a second wave...