``Such forward contracts will enable long-term investors such as...
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Jan1 Renewals: Hannover Re’s Asia-Pacific premium growth remains modest
"Adequate prices and conditions continue to be indispensable for...
Boeing expects Indian, South Asian airlines to add over 2,800 jets in next 20 years
"People will have greater access to air travel, and the region's...
Allianz and Sanlam to merge their African business to form the largest pan-African insurer
Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...
4 PSU general insurers look for a consultant for organisational rejig and profitability
In a move, indicating possibilty of a future merger, the four general insurers have decided to appoint a common consultant for which GIPSA - the coordinating body for the PSU general insurers, has called for Request for Proposal (RFP) from eligible entities to...
Berkshire shareholders look beyond Warren Buffett, Charlie Munger
Warren Buffett Buffett, 91, has run Berkshire since 1965 Shareholders supported letting Buffett keep both the chairman and chief executive roles by a nearly 6-to-1 margin, Berkshire said at its annual meeting in Omaha, Nebraska Berkshire Hathaway Inc. shareholders on...
Delhi HC again adjourns `Singh-BBB’ case to May 19
Inderjeet Singh, general manger, New India Assurance(NIA), has gone to Delhi HC on the issue of appointment of Satyajit Tripathy (who is currently CMD, United India Insurance (UII)) by the government on the basis of recommendation of the Banks Board Bureau(BBB)...
India’s Covid positivity rate past 1% again after 2 months
The number of active cases rose by 408 in a 24-hour span to reach 19,500, the data updated at 8 am showed New Delhi: India's Covid case positivity rate went past one per cent again after over two months as the country witnessed a single-day rise of 3,157 infections...
AM Best maintains its negative market segment outlook on India’s non-life insurance
The Best’s Market Segment Report, titled, “Market Segment Outlook: India Non-Life Insurance,” states that key lines of non-life business, including health, motor and crop insurance, have been challenged for several years by poor underwriting performance. Despite an...
EV fire incidents will be probed; industry bound to grow beyond our imagination: Transport Secy
Recently, Road Transport and Highways Minister Nitin Gadkari, who is known for his frank views, had said the companies found negligent will be penalized and a recall of all defective vehicles will be ordered after the expert panel submits its report. New Delhi: Amid...
Go Digit clocks Rs 5,000 cr premium in FY22 on strong growth in motor, health insurance
Further, the company settled over 6.79 lakh claims worth Rs 2,186 crore during the year. Digit said it has insured over 3.85 lakh electric vehicles in the fiscal ended March 2022 and insured nearly 40,000 corporates under its group health business. Also, as many as 10...
Supply chains continue to face hurdles, global economy faces recovery challenges
The Swiss company has developed its own disruption indicator called Seaexplorer. At its peak the end of February, the measure showed about 17 million container waiting days — essentially cargo that’s bogged down in congestion globally Global supply chains are knotting...
Premature to attribute extreme heat in India, Pakistan solely to climate change but heatwaves more intense: WMO
Heatwaves have multiple and cascading impacts not just on human health, but also on ecosystems, agriculture, water and energy supplies and key sectors of the economy,” the WMO said adding that the risks to society underline why it is committed to ensuring that...