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Non-Life
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MS&AD Insurance Group announces merger of two of its non-life insurance subsidiaries
The group aims to establish a system to offer the best products and...
Over 4.6 crore farmers got IDs under digital agri mission :Chouhan in RS
Union Agriculture Minister Shivraj Singh Chouhan As many as 7,708...
Gadkari summons IRDA and CEOs of general insurance cos to take stock of Surety Bonds
Nitin Gadkari, union minister for Road Transport & Highways Though, the government and the IRDA have allowed the general insurers to launch Surety bonds since April 1, no insurers have been able to do it as there are lot of technical and legal gaps needs to be...
AirAsia India’s 2 planes operating on Delhi-Srinagar route face technical snags mid-air, return
When asked about this incident, AirAsia India spokesperson said, ''AirAsia India confirms that flight i5-712 from Delhi to Srinagar had to return back to Delhi on account of a technical snag. The aircraft is being operated after rectification of the snag to recover...
IRDAI’s new norms to prompt insurers to launch innovative policies swiftly: Experts
The relaxed norms for launching insurance products, experts feel, will also make insurers more responsible as they would be held accountable for the products which are offered in the marketplace without prior approval of IRDAI Mumbai; IRDAI's decision to permit 'use...
Reducing the workweek to 32 hours
As chief executive officer of the nonprofit 4 Day Week Global, Joe O’Connor oversees six-month boot camps now helping 170 companies with 10,000 participating employees around the world to adopt more flexible work schedules He is capitalizing on a watershed moment in...
Africa: Major insurers and banks join hands to manage biodiversity risks
Responsible management of Africa’s natural capital, including its water, soil and forests, “creates fantastic opportunities and contributes to the growth and development of the continent,” Rachael Antwi, group head of ESG at Ecobank said Financial institutions that...
Russia’s state-owned RNRC to reinsure Russian oil shipments
The sources, who declined to be identified due to the sensitivity of the issue, said Russian central bank-controlled RNRC was now the main company providing state guarantees to Russian insurance firms that offered cover such as Ingosstrakh, which insures Russian...
IRDA forms panels to implement RBC, IFRS, and Insurtech strategies
In order to take forward the process of setting out reforms for increasing insurance penetration and facilitating sustainable growth of the industry and to explore the emerging trends and opportunities such as technology based core processes, Insutech, Risk...
Yellen says insurance ban on tankers could lock in Russian Oil
Janet Yellen, US Treasury Secretary The US has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months. On top of that, the bloc has worked toward coordinating with some Group of Seven...
Warming Africa threatens insurers’ quest for profit
Temperatures in southern Africa rose at twice the global rate on average in the five years leading up to 2019, according to a report by the Intergovernmental Panel on Climate Change Yet insurers are undeterred, with some looking to expand even in vulnerable...
Howden Group acquires TigerRisk, creates a new $30bn force in global insurance broking
David Howden, CEO, Howden Group The partnership represents approaching $400m of combined reinsurance revenues David Howden, CEO, Howden Group said: “ Not only does the combination create an unrivalled digitally driven reinsurance and capital markets business...