"Cyber insurance is expected to gain prominence alongside the...
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High interest rates declining export finance impacting exporters’ competitiveness CII’s Budhia
`` Export Credit Guarantee Corporation of India (ECGC) currently...
Commercial aviation suffers deadliest year since 2018
The spike in fatalities marks a reversal from 2023, which became...
Pace of risks pricing increase in Asia continues to decline in q4 2021
Cyber remained the most challenging coverage area in Asia , driven by ransomware claims, with considerable pressure on pricing and deductibles, a reduction in capacity, and narrowing of key coverages, said Marsh Hong Kong: Insurance pricing in the fourth quarter of...
Kotak General Insurance-CARS24 partnership to offer covers for used cars
Kotak Mahindra General Insurance Company (Kotak General Insurance) has entered into a corporate agency agreement with CARS24 Financial Services Private Limited (CARS24 Financial Services), the financial arm of India’s leading e-commerce platform for pre-owned...
XL’s India FRB to shut down, to be merged with AXA France’s FRB
-Prior to the global merger- AXA group acquired XL group in 2018- both the groups had their own FRBs in India and are continuing to operate as separate entities in the country till now -IRDA confirms its stand formally to allow only one FRB belonging to the group....
Drunk driving leads to 8,355 road accidents in 2020; wrong-side driving causes 20,228 mishaps
Gadkari said that while jumping red light led to 2,721 accidents, the use of mobile phones while driving caused 6,753 accidents According to the minister, a total of 62,738 accidents occurred due to other reasons New Delhi: Drunk driving led to Rs 8,355 road...
Insurers hope to benefit from Budget spurred economic growth
``We are confident that the proposed measures such as the National Digital Health Ecosystem and the tele mental health program will raise awareness, and in turn encourage people to opt for health insurance,’’ said. PC Kandpal, MD & CEO, SBI General Insurance...
Economic Survey: India lags behind global average in non-life penetration
As of 2020, the penetration for life insurance in India is 3.2 per cent and nonlife insurance penetration is 1 per cent New Delhi: Though, India is at par with international average in terms of insurance penetration for life insurance, the country lags behind in...
Budget 2022-23: Widening Health Covers
Satish Gidugu, CEO, Medi Assist Healthcare Services There is a need to reduce the GST rates on insurance premiums, allow input credit on GST paid towards employee health insurance and eliminate perquisite tax on employee medical reimbursements The COVID-19 pandemic...
Economic Survey:Health sector expenditure in 2021-22 projected to be 73 per cent higher than 2019-20
The latest NFHS-5 shows that Total Fertility Rate (TFR), an average number of children per women, has further come down to 2 in 2019-21 from 2.2 in 2015-16. Sex ratio, number of females per 1000 males, in the total population has risen from 991 females in 2015-16...
Today only 18% of insurers are able to optimize data use for competitive advantage: Capgemini
Insurers with non-traditional, real-time data sources such as telematics, wearables and social media data will be able to meet rising customer expectations of convenience, customized advice, and dynamic pricing, and compete with InsurTech companies that are able to...
U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods
Insurance payments to farmers due to drought rose more than 400% between 1995 and 2020 to $1.65 billion, while payments due to excess moisture – like floods - rose nearly 300% to $2.61 billion, according to the nonprofit environmental group, which examined publicly...