However, it said such cars that would be plying on public roads...
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Demographic reality – a growing elderly population with fewer working-age people
Jad Ariss, managing director of the Geneva Association, said: “The...
IRDAI unveils Bima-ASBA for issuing life and health policies from March 1
Under Bima –ASBA facility, transfer of money from the prospect to...
Covid-19 pandemic is ‘far from over’, reiterates WHO chief Tedros
"… the pandemic is far from over. And even as we continue to fight it, we face the task of restoring essential health services, with 90 per cent of member states reporting disruption to one or more essential health services," WHO Director-General Tedros Adhanom...
Ransomware attacks rise 13% in past year, India Inc at great risk
“Roughly 4 in 5 breaches can be attributed to organised crime, with external actors approximately 4 times more likely to cause breaches in an organization than internal actors,” the findings showed New Delhi: There has been an alarming rise in ransomware breaches...
Large Covid claims push New India into red in Q4 FY 2021-22
Madhulika Bhaskar, general manager, New India Assurance, said, " The profitability for the year was severely affected due to COVID claims, with the company settling about Rs 3760 crore worth of such claims during the year. The investment income for the quarter...
WTW launches specialist cyber coverage for ports and terminals
CyNav for Ports and Terminals is designed to address the specific cyber threats faced by port and terminal owners and operators. It provides both flexible and tailored cover for business interruption losses including those arising from IT service providers, first- and...
IUMI Asia Forum 2022 in Mumbai
Hosted by General Insurance Council, International Union of Marine Insurance(IUMI) to hold its Asia Forum 2022 in Mumbai during June 1-2, indeed a proud moment for the Indian insurance industry R Balasundaram As we take off our masks and say ‘Good riddance’ to...
UK climate stress test for banks, insurers is the toughest yet: Fitch
Non-life insurers and reinsurers are exposed to physical risk through property and catastrophe losses, which are becoming more frequent and severe due to climate change Life insurers are more exposed to the transition risk that affects the assets in their investment...
DRDO report finds serious battery fault in electric vehicles that caught fire
Earlier this month, the Central Consumer Protection Authority (CCPA), which comes under the Union Ministry of Consumer Affairs, sent notices to Pure EV and Boom Motors after their e-scooters exploded in April New Delhi: Serious defects have been found in the...
Monkeypox threat: Mumbai civic body keeps isolation ward ready in hospital
As on date, there has been no report of any suspected or confirmed case of Monkeypox in the city, an official from the Brihanmumbai Municipal Corporation's (BMC) public health department said.In an advisory issued about the viral zoonotic disease, the BMC said airport...
Monkeypox formidable challenge to world: WHO
While the Covid pandemic is “most certainly not over. We face a formidable convergence of disease, drought, famine and war, fuelled by climate change, inequity and geopolitical rivalry”, Ghebreyesus said Geneva: Even as the world is not over the pandemic yet, it is...
GIC Re overhauls its business portfolios for profitability , appoints KPMG to modernise HR
Devesh Srivastava,CMD, GIC Re GIC Re, one of top 15 global reinsurers and third largest Asian Reinsurer, is currently undertaking major restructuring of its business portfolios to provide major focus on topline growth, said Devesh Srivastava,CMD, GIC Re KPMG will act...