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Auto sales: Retail sales up 9% in India, crosses 26 million units in 2024
In 2024, EV sales reached 1.95 million units, up from 1.5 million...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near...
Surety Bond: To Be On a Sure Footing
Rrajesh Sharrma, CEO and Principal Officer, Anand Rathi Insurance Brokers Considering the size of the Indian economy, the market demand for surety insurance will be so huge, it can be another game-changer like agricultural insurance after the introduction of Pradhan...
Tokio Marine invests & collaborates with satellite imaging specialist ICEYE
The Tokio Marine Group has been utilizing technology to make prompt insurance payments in order to provide customers with a sense of safety and security as quickly as possible. In the event of large-scale flooding, satellite data and AI can be used to determine the...
New India Assurance pays Rs 808 cr to kin of 1,616 healthcare workers who died of COVID-19
Union Health Minister Mansukh Mandaviya Managed by state owned New India Assurance,the scheme provides comprehensive personal accident cover of Rs 50 lakh to 22.12 lakh healthcare providers, including community health workers and private health workers, who may...
Sanjay Malhotra appointed as DFS Secy
Malhotra's s appointment as the Financial Services Secretary has taken effect immediately as the post is vacant after Debasis Panda,retired from the post on 31st Jan. The government had given Rajesh Verma, secretary, ministry of corporate affairs the additional charge...
Australia finalises $10 billion cyclone Reinsurance Pool
The pool is expected to reduce insurance premiums by up to $2.9 billion for eligible household, strata and small business insurance policies over 10 years Homeowners in northern Australia with the most acute cost pressures are expected to benefit from up to 46 per...
India tops global insurance IPO chart in Q4 2021:S&P
Global insurance and insurtech companies raised about $6.64 billion from IPOs in 2021, the largest amount in at least five years India's PB Fintech's $579.2 million IPO, topped the list globally.. Star Health and Allied Insurance Co. Ltd. had the second-largest...
Climate could be responsible for 40 million deaths before the end of the century: UN report
Climate change is also likely to become a leading cause of death worldwide, the authors warn, and could be responsible for 40 million deaths before the end of the century, even with moderate mitigation of emissions People’s sense of safety and security is at a low in...
ICICI Lombard partners with Airtel Payments Bank to offer ‘Cyber Insurance’ to customers
Airtel Payments Bank customers can purchase this cyber insurance policy within minutes using the Airtel Thanks app. This insurance comes with ZERO waiting period and allows users to make multiple claims multiple times during the policy tenure, within the limits of the...
Passenger vehicle retail sales drop 10% in Jan due to chip shortage: FADA
"In spite of good demand, passenger vehicles continue to face the brunt of semiconductor shortage, resulting in the absence of a healthy inventory," FADA President Vinkesh Gulati said in a statement New Delhi: Passenger vehicle retail sales declined 10 per cent...
Earthquake of magnitude 5.7 hits J-K
The tremors caused panic among people who rushed out of their homes. It also damaged the spire of the revered shrine of Sheikh Noor-ud-Din Noorani, popularly known as “Nund Rishi” at Chrar-e-Sharief in Central Kashmir’s Budgam district, the officials said Srinagar: A...