In the first nine months(Apr-Dec) of FY 23-24, the industry...
Category:
Non-Life
Latest
Powerful Tibet earthquake near Nepal kills at least 96
The quake hit at 9:05 a.m. (0105 GMT), with its epicentre located...
Strong reinsurer appetite drives excess property catastrophe capacity at January 1:Guy Carpenter
Dean Klisura, President & CEO of Guy Carpenter. “Renewal...
No group can have more than one FRB in India:IRDAI
Till recently AXA group had only two separate branches, XL Se India branch and AXA France India branch and IRDA had asked the group to wind up operation of one of its branches Hyderabad: The insurance regulator IRDAI, after allowing overseas reinsurers to set up...
1 in every 4 cars will have 5G connectivity by 2025, says Report
"As countries worldwide further strengthen their 4G network coverage and embrace next-generation cellular technology, we can see more connected cars coming to market with advanced safety and comfort features," said senior analyst Soumen Mandal One in 4 cars will have...
HDI Global restructures Asia Pacific operations
The move brings the important operations in Hong Kong and Singapore under a new regional Asia Pacific leadership structure together with HDI Global SE, Australia Sydney: Industrial insurer HDI Global SE has restructured its Asia Pacific operations in a move designed...
Tatas to bring in new fleet for Air India: Chairman
On fleet modernisation, Tata Sons Chairman N Chandrasekaran said, "We will upgrade our fleet. We will bring modernity to our fleet. We will bring a new fleet, we will expand our outreach. Mumbai: Tata group will make Air India financially fit, upgrade aircraft, bring...
Insurtech: HealthySure raises $1.2 mn in Pre-Series A led by Inflection Point Ventures
The round also saw participation from We Founder Circle, Dexter Angels, Campus Fund, HEM Angels and other private investors, according to a release by HealthySure Mumbai: Insurtech HealthySure has raised $1.2 million (Rs 9crore approx.) in a Pre-Series A round led by...
Global insurance market sees higher M&A deals in 2021 despite pandemic: Clyde & Co report
The pandemic has accelerated innovation in the industry with re/insurers prepared to buy, fund or partner with the technology companies that can help provide product innovation and greater agility to deliver a competitive advantage, said the Clyde & Co. report,...
Climate migration fuels conflicts in Bay of Bengal region
Disastrous floods, deadly heatwaves and devastating cyclones are taking a heavy toll in the Bay of Bengal region, which covers more than 2 million sq km (772,204 sq miles) - impacting Bangladesh and parts of Sri Lanka, Indonesia, Myanmar and India Military and civil...
Global EV sales up 109% in 2021, Tesla leads with 14% share
The total global car market grew just 4 per cent in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages, while EV sales represented 9 per cent of all passenger car sales last year, according to market research firm Canalys Nearly 85 per cent...
Airlines likely to avoid Ukraine’s airspace amid insurance issues
News agency Interfax Ukraine said Ukrainian insurance companies had received a notification from reinsurers that airlines were not covered for war risks More airlines are likely to avoid Ukraine’s airspace amid insurance issues and a decision by leading European...
Portugal: Church sex abuse panel unearths more than 200 cases
“This suffering is associated with feelings of shame, fear, guilt and self-exclusion, reinforcing the idea of lives where the sensation of `standing on the sidelines’ was always present,” the committee said in a statement A lay committee looking into historic child...