In Asia, insurance capacity from Asian-based insurers remains very...
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FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London
The key priorities for the India-UK Economic and Financial Dialogue...
Flipkart fined Rs1.06 cr for flouting IRDAI norms
Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent...
IRDAI wants 2.52% penetration and Rs 11.73 trillion premium for non-life industry by FY2027-28, sets tough annual premium targets for players
Debasish Panda, chairman, IRDAI IRDAI chairman Debasish Panda said the IRDAI will also suggest to the government to provide tax benefits under 80C for long term motor and housing policies. Panda revealed that the IRDAI is considering to give freedom to the boards of...
COVID-19 Pandemic: Risk lessons in a complex, inter-connected world
Today’s interconnected world is an evolving system, and disastrous events are often the results of systemic failures. The new UN report shows that It’s time to develop a deeper understanding of systemic risks, how they trigger other hazards and shocks, often in...
Carmakers post sales growth in June as semiconductor woes show signs of easing out
''Despite the global supply chain constraints, we are still managing to achieve milestones in record time,'' Kia India Vice President & Head of Sales and Marketing Hardeep Singh Brar said New Delhi: Major carmakers, including Maruti Suzuki, Hyundai, Tata Motors on...
Financial services an exciting aspect of UK-India FTA, says Rishi Sunak
Rishi Sunak,British Chancellor "Financial service is an area where there's an enormous opportunity for both of our countries. India's goal is to spread insurance across the entire economy because insurance is a great thing for enabling protection for individuals and...
SpiceJet’s Delhi-Jabalpur flight returns after crew notices smoke in cabin mid-air
This is the fifth such incident on SpiceJet aircraft in two weeks. Aviation regulator Directorate General of Civil Aviation is investigating all five incidents. On June 19, an engine on SpiceJet's Delhi-bound aircraft carrying 185 passengers caught fire soon after...
RNRC is covering nearly all Russian reinsurance business
Igor Yurgens, head of the All-Russia Union of Insurers, told the same meeting on Friday that insurance companies from India and China are also staying away from Russia amid fears they will fall under secondary sanctions State-controlled Russian National Reinsurance...
India gets $1.75 bn World Bank loan for Ayushman Bharat, private investment
Through this combined financing of USD 1 billion, the World Bank will support India's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, the World Bank said in a release on Friday New Delhi: The World Bank has...
Govt replaces BBB with Financial Services Institutions Bureau(FISB) for selecting top management of PSU banks & insurers
FSIB will be a single entity for making recommendations for appointments of executive directors, and non-executive chairmen in PSU banks, CMDs, general managers and directors of public sector insurers, said the DoPT order With setting up of FISB, the selection...
Munich Re appoints Tobias Frenz as CEO of its Singapore Branch, Surbhi Goel to head, P&C in Singapore & Southeast Asia
As CEO Singapore, Frenz will be responsible for overseeing Munich Re’s long-term growth ambition in this important market, as well as our commitment to being a great employer that is dedicated to developing our diverse talent here.'' said Daniel Cossette, Chief...
Mass shooting insurance rates in U.S. jump as incidents rise
Demand for such insurance has risen following recent shootings, including the murder of 19 children and two teachers at a Texas elementary school last month, the United States' worst school shooting in nearly a decade Active shooter insurance typically covers victim...