The move comes as the German insurer agreed earlier this week to...
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UK’s Prudential forms JV with IT major HCL for Health Insurance foray in India
Anil Wadhwani, Chief Executive Officer, Prudential plc The health...
Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel
Bhartruhari Mahtab,chairman, Standing Committee on Finance The...
Climate Resiliency: Insurers need to fundamentally change business models
World Property and Casualty Insurance Report 2022: research suggests that only 8% of insurers are resilience champions; 73% of policyholders rank climate change among their top concerns “The impact of climate change is forcing insurers to step up and play a greater...
ICICI Lombard launches Professional Indemnity Insurance for doctors
Sanjeev Mantri, executive director, ICICI Lombard General Insurance said “Doctors and healthcare professionals are prone to uncertainties and risks while they are in the forefront to save lives. Error, omission, or at times unintentional negligence are a part and...
GI Council looks for a new secretary general
With the new IRDAI chairman Debasish Panda having already announced that the GI Council will be converted into an out out a professional body to deal with data and new innvative ideas, it is expected that the new secretary general will play a key role in the changing...
Heat waves, floods and heavy rain: India battling climate change and it is getting worse, warn experts
The scientists said if the frequency of heat waves continues as is predicted, these will adversely impact food, water and energy security in the region New Delhi: The spectre of climate change is here to stay and even worsen, say climate scientists as searing winds...
Paytm drops plans to acquire Raheja QBE General, to file for a new general insurance license
Vijay Shekhar Sharma, founder and CEO, Paytm The company in the exchange filing said, ''Our associate company, Paytm Insuretech Private Limited, had entered into a share purchase agreement to acquire 100% of Raheja QBE General Insurance Company Limited. As the share...
Airbnb’s move to offering meaningful customer service for guests
Beyond modifications to its user interface and nifty new bells and whistles, it’s also addressing one of the company’s greatest pain points: poor consumer protections for guests. The new policy will cover not just problems that arise after check-in, but incidents...
Assam floods: 3 dead, nearly 25,000 people in 94 villages affected
According to the flood reports of Assam State Disaster Management Authority (ASDMA), till May 14, a total of 24,681 people in 94 villages in six districts - Cachar, Dhemaji, Hojai, Karbi Anglong West, Nagaon and Kamrup (Metro) have been affected in the first spell of...
Govt to soon approve recast of Banks Board Bureau
The Delhi High Court(Delhi HC), while disposing one of the cases , has already disapproved BBB's power to select directors of public sector insurance companies while another case questioning the BBB's power to appoint CMDS of PSU general insurance companies will come...
More lives are lost in road accidents than in war: MoS Gen VK Singh
According to recent government data, total 3,66,138 road accidents occurred in India during 2020, causing 1,31,714 deaths New Delhi: India loses more people in road accidents than in a war, Union Minister General (retd) V K Singh said on Friday. Addressing an event...
Africa Specialty Risks Energy Portfolio’s capacity increased to $38 million
This follows 12 months of profitable underwriting results for ASR’s energy portfolio which provides coverage for the entire African continent including upstream, downstream, power, utilities, and renewables So far, they have provided insurance cover in over 20 African...