(L to R) Satyajit Tripathy, Member (distribution), Irdai and Vivek...
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GIC Re issues fiat for stricter underwriting and pricing to fix undercutting of Fire premium
``We are closely monitoring the evolving market dynamics and are...
64.5 mn passengers carried on international routes in Jan-Nov 2024, up 11.4 pc: Centre
“The number of domestic passengers carried by scheduled domestic...
Covid-19 pandemic: Era of restrictions is fast coming to an end
Expanding home-testing, improving ventilation in public buildings, increasing efforts to track mutations and developing better vaccines and drugs that can work against a broad range of variants and other diseases are all part of the toolkit. Soumya Swaminathan, chief...
Pandemic has not ended as more variants expected:WHO chief scientist
Soumya Swaminathan,chief scientist,World Health Organization, "Our expectation is that the acute phase of this pandemic will end this year, of course with one condition, the 70 percent vaccination (target is achieved) by mid this year around June, July," Tedros...
New India’s net profit at Rs 493 crore, pays Rs 866 crore of Covid claims in Q3 FY2022
Atul Sahai, CMD, New India Assurance Atul Sahai, the outgoing CMD of NIA, said,`` The company is focused on pursuing profitable growth and has been performing exceedingly well in recent times. But Covid-Pandemic claims worth Rs 866 crore impacted the bottom line...
Passenger vehicle wholesales dip 8% in Jan as semiconductor shortages continue
"Sales in January 2022 again declined compared to January 2021, due to both Omicron-related concerns and semiconductor shortage. There is clearly a demand issue for two-wheelers due to lower rural off-take of entry level models," Society of Indian Automobile...
Charles Taylor announces new associate in India
Stephen Hope, Charles Taylor Adjusting’s Director – International Onshore Energy & Mining explains: “The Indian insurance industry has seen significant growth in recent years, and it is an exciting time for Charles Taylor to become a part of this market. Our...
AM Best maintains negative outlook on Brazil reinsurance market
“Overall, the segment’s growth is likely to face headwinds due to capacity limitations to underwrite risks, as the financial flexibility provided by the local capital markets dries up, and to global risk aversion, as international investors and players reconsider...
GIC Re’s net falls 150 % to Rs 210 cr on higher claims in Apr-Dec period
GIC Re, as part of restructuring its global business to be more profitable by pruning loss making business, has reduced its gross premium income by 13 per cent to Rs 32,904.65 crore in the first nine months Fy2021-22 The reinsurer's combined ratio(CR) was higher at...
Wellx.ai partners with INSTANDA to launch digital health covers for UAE
Vaibhav Kashyap, CoFounder & CEO of Wellx.ai: “The mandatory nature of medical insurance in the UAE and state of overall health of citizens and residents called for a new type of insurance. Wellx.ai exists to enable insurers to embrace their responsibility as a...
Global executives lack confidence on their own organisations’ approach to Reputational and ESG ‘risk readiness”:WTW Survey
Simon Weaver, Head of Corporate Risk & Broking, Asia and Australasia, and Head of Australasia, Willis Tower Watson said, “In an increasingly digital, service-oriented economy, reputational risk is firmly on the corporate agenda. However, our findings also suggest...
Most patients had heart or kidney ailments: Report on Covid deaths in Delhi
Among those who died after contracting coronavirus infection, and were found suffering from co-morbid conditions, patients with heart ailments accounted for 20 per cent of the cases, and those with kidney diseases 19 per cent, as per the report New Delhi: Out of the...