Two-wheeler sales during 2024-25 registered a higher growth rate at...
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Automobile retail sales drop 7 pc in Feb amid slowing demand FADA
"Dealers noted weak market sentiment which specially continues in...
AM Best upgrades credit ratings of FAIR Oil & Energy Insurance Syndicate
As at year-end 2024, the Syndicate consisted of 20 members from...
NITI Aayog report forecasts 100 pc electric 2-wheelers penetration by FY27
The sale of electric two-wheelers may cross 220 lakh units by FY2028-29, it said. Based on the analysis, the report said that India is at a crossroads and a shift to electric mobility, particularly, in the two-wheelers segment, may happen faster than anticipated A...
Antoine Bavandi appointed as Gallagher Re’s Global Head of Public Sector, Parametric & Climate Resilience Solutions
Antoine will lead Gallagher Re’s newly established Public Sector & Climate Resilience Solutions global practice, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact London: Gallagher...
Swiss Re signs MoU with IIRM to enhance capability building programs in India’s insurance industry
(Lto R) Amit Kalra, Swiss Re's Head GBS Centres India and Suresh Mathur, MD,IIRM at the MOU signing event in Hyderabad Hyderabad: Swiss Re signed a memorandum of understanding (MoU) with the Institute of Insurance and Risk Management (IIRM), an organisation dedicated...
Populous Chinese province kicks off disaster insurance trials
The cities are encouraged to boost insurance coverage as much as their financial resources allow, the Henan government said China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by...
Acrisure Re partners with Mahindra Insurance Brokers in preferred broker agreement
Matthew Harvey, head of broking at Acrisure Re fac, said: “India is an important and growing market with significant demand for facultative solutions. This agreement is further evidence of our commitment to expanding our footprint and capabilities partnering with a...
Cyber pirates can now penetrate modern ships’ key operations
Hapag-Lloyd AG, Germany’s largest shipping line, announced in April that it’ll become the first carrier to equip its entire fleet of containers with real-time tracking devices. Most of the large container lines use remote sensors for functions like monitoring engine...
ONGC chopper falls into sea 6 out of 9 rescued so far
The chopper was attempting to land at the rig, located some 50 nautical miles from the Mumbai coast, when the incident took place. About 1.5 km from the landing zone on the rig, the chopper fell into the sea, the official said. The circumstances that led to the...
UK aims for quick reform of complex insurer solvency rules, says Sunak
Rishi Sunak, finance minister,UK Britain inherited Solvency II rules from the European Union, and reforming them is seen by the 2.2 trillion pound ($2.70 trillion) insurance industry and government as important for keeping the country's financial sector globally...
At flooded cancer hospital in northeast India, chemotherapy given on the road outside
Located in the Barak valley in Assam state, the 150-bed Cachar Cancer Hospital and Research Centre has been inundated by for days, and the situation has become so dire that its administrators have requested life-jackets and an inflatable raft to transport patients and...
NITI pegs India’s gig workforce at 2.35 cr by FY30; pitches for social security measures
According to the report, it is estimated that in 2020-21, 77 lakh workers were engaged in the gig economy and they constituted 2.6 percent of the nonagricultural workforce or 1.5 percent of the total workforce in India New Delhi: India's gig workforce is expected to...