2024 has been a pivotal year for the Indian insurance industry,...
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Amit Bhandari, Chief Technical Officer at Magma HDI General...
Baden Baden Reinsurance Meet
After Monte Carlo for the Rendez-Vous de Septembre, held in the...
Jan 1 renewals: majority of placements were orderly,Guy Carpenter
Capacity was ample for many lines but more constrained for retrocession and some components of property, including loss-impacted lower catastrophe layers and aggregates.Capacity for cyber aggregates was also limited Emerging risk factors, including climate change,...
Investors want $2.5 bln in class action over Bayer’s Monsanto deal
The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, both institutional and retail, that had been filed with the district court in Cologne. This represents a significant jump from the 250-plus investors demanding damages of more...
IRDA proposes pay cut for insurance CEOs in case company underperforms financially, mulls tenure limit at15 yrs and age limit at 70 yrs
The variable remuneration should be reduced where there is deterioration in the financial performance of the insurer. The deterioration in the financial performance should generally lead to a contraction in the total amount of variable remuneration, which can even be...
Insurers have to pay claims for treatment of Covid -19 cases with Omicron variant :IRDAI
The insurance companies have put in place effective coordination mechanism with all their network providers (hospitals) for the purpose of making available seamless cashless facility to all policyholders in case of hospitalisation if any and render speedy services to...
India reports 33,750 new COVID-19 cases in last 24 hrs, Omicron tally rises to 1,700
India reported 33,750 new COVID-19 cases and 123 deaths in the last 24 hours, informed the Ministry of Health and Family Welfare on Monday. According to the ministry, the number of Omicron infections stands at 1,700 and it has spread to 23 states. Maharashtra is the...
Global Covid-19 caseload tops 290 mn, deaths surge to over 5.44 mn
In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 290,065,951 and 5,443,444, respectively, while the total number of vaccine doses...
Maruti, Hyundai report decline in sales for Dec; TaMo, M&M see growth
Maruti Suzki India senior executive director (Marketing and Sales) Shashank Srivastava said the company is optimistic about business in 2022 with pending orders alone stretching to over 2.3 lakh units "Going forward, semiconductor supplies will remain the key source...
Insurer can’t repudiate claim by citing existing medical condition: SC
“Once the policy has been issued after assessing the medical condition of the insured, the insurer cannot repudiate the claim by citing an existing medical condition, which was disclosed by the insured in the proposal form and which condition has led to a particular...
Set up makeshift hospitals, constitute teams to monitor patients in home isolation: Centre to states as COVID-19 cases rise
"A mechanism wherein citizens can call and get ambulance and a bed in a transparent manner needs to be operationalised. The call centres, district or state-level dashboards/portals can play an important role in organising the same," New Delhi: To tackle a possible...
Irdai directs Go Digit to withdraw product offering life insurance benefits
The matter relates to modification in the Digit Group Total Protect Policy by the insurer in July this year, under which one additional section by name of 'Major Illness Plus Cover' was incorporated in the policy Hyderabad: Insurance sector regulator Irdai has asked...