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Maruti domestic PV sales marginally up; Hyundai, Tata report decline in Feb
"MPVs and SUVs continue to be the primary growth drivers,...
PSU general insurers promote record number of officials to fill up post of GMs and DGMs
GIPSA, the coordinating agency for the six PSU companies, has...
London marine insurers label all Russian waters high risk
Marine insurers said any rise in premiums was expected to take a few days after a notification period Russia's maritime sector is grappling with the winding down of services including ship certification by leading foreign providers - needed for accessing ports and...
Singapore port authority probes alleged bunker fuel contamination
Marine insurer Gard said in a statement that some of the vessels it insures had suffered operational issues including blackouts, and in some cases ships needed to be towed back to port Singapore is the largest marine fuel supplier in the world and sits at the...
Thailand cancels licenses of 2 P/C insurers
The firms were in serious financial trouble, which could have damaged their clients and the wider public, the Office of Insurance Commission said in a statement late Friday The government will be responsible for payments of outstanding claims and the revocation of the...
UN climate report: It’s ‘now or never’ to limit global warming to 1.5 degrees new flagship
Unless action is taken soon, some major cities will be under water, António Guterres. UN Secretary-General, said in a video message, which also forecast “unprecedented heatwaves, terrifying storms, widespread water shortages and the extinction of a million species of...
Global insurers plan to ramp up private equity investments
More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost returns, according to the survey of 328 executives overseeing more than $13 trillion in insurance assets Insurers want to put more money into private equity...
PSU insurers lodge Covid insurance claims worth Rs 17,537 cr till Dec 2021
''Till December 31, 2021, 14.92 lakh COVID-19 health claims, of a total amount of Rs 17,537 crore, were lodged with public sector insurance companies, of which 93.3 per cent claims had been disposed of,'' Minister of State for Finance Bhagwat Karad said in a written...
ICICI Lombard’s 2nd edition of Corporate India Risk Index witnesses a 9% jump
Bhargav Dasgupta, MD & CEO, ICICI Lombard General insurance The highest improvement was witnessed in the Transportation & Logistics sector, which has secured a score of 69, up from 47 in 2020. The sector bounced back post pandemic owing to new strategic...
NHAI invites tenders from insurers for providing cashless treatment facility on Golden Quadrilateral stretch
The scheme will cover the immediate needs of hospitalisation of the victims for the first 48 hours from the time of hospitalisation or providing necessary treatment, whichever occurs earlier, up to a cost of Rs 30,000 starting from the time of the ambulance reaching...
Ukraine guarantees insurance payouts for vessels damaged at its Danube ports
Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
Car sales in India rise but automakers warn of supply chain disruptions
"The impact of the crisis in the form of higher fuel and commodity prices also poses a risk to (automobile) demand prospects, in case it materialises into a long drawn out war," ICRA said Carmakers in India reported a sharp rise in annual sales for the fiscal year...