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200 aircraft leased out from Gift City: Civil Aviation Minister Naidu
India had 340 aircraft in 2014 and that number has increased to 840...
Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition
The Committee of Creditors (CoC) of Reliance Capital has informed...
From crypto Picassos to frozen anthrax: Swiss Re scans horizon for emerging risks
The security of the new digital financial economy is also facing new risks. With quantum computing, for example, a new generation of computers is on the verge of completing tasks far beyond the reach of current machines These hyper-smart technologies offer significant...
Nearly 70% of car crashes linked to ‘self-driving’ in US were Tesla: Report
The report mentioned that out of 392 crashes, 273 were Tesla vehicles using Autopilot or the Full Self-Driving (FSD) beta. Honda cars were tied to 90 incidents, while Subaru models were involved in 10. Other makes, including Ford, GM, VW and Toyota, had five incidents...
Unlocking Surety Bonds: Gadkari asks IRDAI to develop a model product for general insurance industry
Nitin Gadkari, union minister for Road Transport & Highways `After discussing several challenging issues that are making Surety Bond a complete non-starter, minister has suggested to the IRDA that it should develop some model product having all the basic...
Talent Hunt: IRDA offers Rs 1.5 crore of annual package to a new CEO of Insurance Information Bureau
New IRDAI chairman Debasish Panda has already made his intention public to broadbase the ownership of the Insurance Information Bureau of India and has suggested that instead of the IRDAI, let the insurers through their representative body General Insurance Council...
Stuart McMurdo to succeed Michel Blanc as SCOR’s CEO of Reinsurance
Catherine Fassi will replace Stuart McMurdo as Regional CEO of EMEA and Canada for P&C, effective July 1st, 2022 Paris: After 31 years with SCOR, Michel Blanc will retire in January 2023. He will be succeeded as CEO of Reinsurance by Stuart McMurdo. Michel and...
Ukraine grain can be shipped and insurers after removal of Black Sea mines
βItβs not safe for ships to get in or get out at the moment. Until the mines are swept, that situation is not going to change,β said Guy Platten, secretary general of the International Chamber of Shipping, which is also working on opening up maritime channels As the...
Businesses need to prepare for a rise in social unrest incidents: Allianz
Strikes, riots and violent protest movements pose risks to companies because in addition to buildings or assets suffering costly material damage, business operations can also be severely disrupted with premises unable to be accessed, resulting in loss of income. In...
Paritosh Tripathi to succeed Kandpal as new MD & CEO of SBI General Insurance
Paritosh Tripathi, MD & CEO,(Designate), SBI General Insurance With a solvency ratio of 1.85 during the year, SBI General had recorded a total gross written premium (GWP) of Rs 9260 crore, up 11 %, in FY 2021-22 and has maintained its market...
Health scheme to be converted into DBT in Andhra Pradesh
Upon availing of treatment under Aarogya Sri, the cost (as fixed by the government) would be paid into the patient's account and thereafter credited into the hospital account in auto-debit mode, a release from the Chief Minister's Office said. "A consent form will be...
Report casts doubt on net-zero emissions pledges by big global companies
Roughly half of the Forbes 2000 largest companies have yet to announce plans to reach net-zero β the point at which greenhouse gas emissions are negated by deep cuts in output as well as methods to absorb atmospheric carbon dioxide. Of the 702 companies with a...