In the life insurance segment, there is a noticeable shift towards...
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Europe’s insurers may face new capital rules for climate risk
The goal is “to ensure the continued protection of policyholders...
Closing Crisis Protection Gap: Leaders call for 10 fold higher finance to meet cost of future crises
Less than $1 of every $5,000 of crisis finance goes to low income...
Haryana launches portal to redress grievances related to crop insurance
Haryana Agriculture Minister J P Dalal said,the Pradhan Mantri Fasal Bima Yojana has been implemented in the state since 2016.Under this scheme, barley, maize, cotton, paddy and bajra are insured in Kharif season and wheat, gram, mustard and sunflower crops in Rabi...
UNDP and Generali partner to develop insurance and risk finance solutions
"On average, the world's poorest countries lose $29 billion every year from disasters yet a meagre 3% of these losses are covered by insurance," says UNDP Administrator, Achim Steiner "This new partnership with Generali will allow UNDP to extend much-needed insurance...
Sri Lanka’s doctors association urgently seeks medicines to tackle drug shortage amid economic crisis
“Due to poor financial and economic management, the Sri Lankan healthcare sector is on the verge of a severe crisis in saving the lives of patients caused by severe drug and equipment shortages. We need your generous support at this crucial time to continue the...
IRDAI to hold `Open House’ with various industry players on 15th of every month
Debasish Panda, chairman,IRDAI ``All the regulated entities are requested to make use of this initiative to interact with the chairperson, whole-time members and senior officials of IRDAI and offer pragmatic solutions to reduce significant insurance penetration gap in...
25 people dead as typhoon triggered landslides
Nearly 140,000 people have been affected by the storm locally known as Agaton, which made landfall over Eastern Samar province on April 10, the nation’s disaster risk-reduction and management council said. Megi is this year’s first tropical storm to hit the...
DHL run Boeing jet breaks in two after skidding off runway
The jet spun about 180 degrees and its tail went down an embankment. Photos showed the tail section snapped off from the main fuselage A Boeing Co. 757 cargo jet operated by DHL broke in two after skidding off the runway at Juan Santamaria International airport in...
Russia- Ukraine crisis could slash global trade growth by half in 2022: WTO
The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine, said the Secretariat note.Russia and Ukraine are both important suppliers of essential products, notably food and energy, according to the note...
General Insurance industry’s prms rise 11 % to Rs 2.20 trillion in FY 2021-22, Health topples Motor as the largest portfolio
Thanks to Covid-19 Pandemic and stagnant motor third party premium for the last two years, for the first time in the history of Indian general insurance industry, in FY 2021-22, Health portfolio has replaced Motor business as the largest segment in the industry Though...
KKR signs agreement to acquire 10% in Shriram Gen Insurance for Rs1800 crore
Gaurav Trehan, Partner and CEO of KKR India, said, “Shriram General Insurance has been one of the standout performers in India’s fast-growing general insurance industry, and continues to build on their record by developing new capabilities, channels, and products to...
Six charred to death after blast at Indian chemical plant
Ahmedabad: A massive blaze touched off by an explosion at a chemicals plant in India's western state of Gujarat charred to death at least six people before it was brought under control, authorities said on Monday. The blast on Sunday night took place in a hub for...