India is ranked sixth among countries most affected by extreme...
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Central Bank ventures into insurance, buys stakes in Generali’s Indian life and general insurance JVs
Central bank acquired acquired equity stake of 24.91 per cent of...
Govt and GIC Re are in talks to set up an exclusive mega Pool to reinsure country’s all hydropower plants
N Ramaswamy, CMD, GIC Re ``Currently, due to the huge catastrophic...
IRDAI considers 12 new insurance players for licenses
Debasish Panda, chairman, IRDAI The entities who have applied for the new licenses are Paytm General Insurance, Anzen General Insurance ( R1 filed in July), Ria General Insurance( R1 applied), Kshema General Insurance(Agriculture Insurance, R2 under process),Cosmea...
70 pc of senior citizens didn’t have access to proper healthcare during Covid: Survey
An ageing population in India, along with a growing middle class and enhanced life expectancy, is expected to boost the demand for allied health care services in India, Antara said. New Delhi: Around 70 per cent of senior citizens did not have access to proper...
Flooding affects 7.2mn people in Bangladesh: UN
According to the statement, the Bangladeshi government has evacuated over 472,000 people to some 1,605 shelters Dhaka: An estimated 7.2 million people have been severely affected in Bangladesh following devastating flash floods which began in May with a second wave...
ECB climate stress test flags $71 billion risk to euro zone banks
“Euro area banks must urgently step up efforts to measure and manage climate risk, closing the current data gaps and adopting good practices that are already present in the sector,” said the ECB’s chief supervisor, Andrea Enria A sudden jump in carbon prices coupled...
Australian flood: Insurers receive 8,415 claims for almost $100 million
There are 84 per cent property, 14 per cent motor and two per cent commercial claims Sydney: The Australian insurers have received 8,415 claims with an estimated insurance loss of $97.9 million, said the Insurance Council of Australia (ICA) which earlier this week...
Assam floods damaged 30,000 to 40,000 houses, says CM Himanta
Later, talking to journalists, Sarma said since Assam's flood has been labelled ''severe'' by a central team, which made an assessment of the flood situation, he sought an advance fund from the NDRF to enable the state to help the people whose houses were damaged by...
Insurance agents association urge IRDAI not to display commission on policies
The policyholders will bargain hard with agents to part with their due earnings without considering any kind of administration, technology development and other recurring and daily growing expenses including the sky-high rentals and salaries which would soon and...
Heat stress rising in India, heat waves second biggest killer among natural forces
Data from the National Crime Records Bureau (NCRB) that also captures accidental deaths including those from climatic stress, shows that between 2015 and 2020, 2,137 people had reportedly died due to heat stroke in the states in the northwest. But the southern...
Wage Revision: PSU general insurance employees unions call for strike on July 11
The Joint Forum of unions and associations of employees and officers in public sector general insurance companies have called the one-day strike for their demands including wage revision pending from August 1, 2017, increase in NPS contribution by 14 percent,...
Markel International expands renewable energy team with 2 key offshore wind appointments
These appointments are the latest in the build-out of a highly skilled and reputable team, equipped to provide a market-leading offering to its clients in the global renewable energy market London: Markel International, a subsidiary of Markel Corporation, has...