Gallagher Re has appointed Hemant Nagpal, an insider, as its head...
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Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Singapore's prime minister said in October that the city-state...
Lockton unveils new global Parametric Insurance Practice
The parametric insurance market is projected to reach $39.3 billion...
Deal or no deal, insurance rates soar to cover M&A boom
Potential buyers take out insurance to protect against issues such as misrepresentation by a target of its performance or order book, while sellers buy cover to ensure a clean exit. The M&A insurance market has risen to more than $5 billion from less than $3...
Time for Covid-19 booster doses, recommends house panel
The Committee has also recommended that the MHA may take up with the Health Ministry to issue guidelines on fixation of price ceilings for hospital beds during pandemics like COVID-19 and other public health emergencies and due publicity be given to such prices. New...
No recommendation from NTAGI yet on inoculating children: NITI member
NITI Aayog Member (Health) Dr V K Paul said the National Technical Advisory Group on Immunization meets often where science is being "looked at systematically, carefully. We do not have any recommendations on pediatric vaccination from them as yet. They are examining...
Over 14 crore Health IDs generated so far: Govt
Pawar said 33 states and UTs implementing AB-PMJAY have further expanded the coverage of the scheme to include 13.44 crore families (65 crore people). The AB-PMJAY is implemented in all states and UTs barring West Bengal, NCT of Delhi and Odisha.It is the world's...
Passenger vehicles sales dip 19 pc in Nov as chip shortage woes continue: SIAM
''Industry continues to face headwinds due to global semi-conductor shortage. In the festive season, industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were the lowest in seven years for passenger vehicles, the lowest in...
Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn
Private equity firms and investment managers including Blackstone Inc, Brookfield Asset Management and KKR & Co Inc have been building up their insurance arms in the last two years. They see an opportunity to use the capital from life insurance and annuities...
More companies in Asia seek carbon offsets after COP26 -industry exec
The hard-fought Glasgow Climate Pact sent a clear message to global companies to reassess business strategies and carbon footprints to reap monetary rewards, or lag and risk losses As a result, there is a growing demand for carbon offset instruments, such as renewable...
How will the world decide when the pandemic is over?
"It's somewhat a subjective judgment because it's not just about the number of cases. It's about severity and it's about impact," says Michael Ryan, the World Health Organization's emergencies chief. How will the world decide when the pandemic is over? There's no...
Covid-19 disrupted critical mental health services in 93% countries
Worldwide, more than 13 per cent of adolescents aged 10 to 19 are affected by deteriorating mental health. UNICEF reported that by October 2020, critical mental health services in 93 per cent of countries were disrupted or halted due to coronavirus spread....
AM Best Maintains Negative Outlook on China’s Non-Life Insurance Industry
Motor insurance, which accounted for 63% of non-life direct premiums in 2019, decreased significantly to 54% as of September 2021. With the combined impact of the economic fallout from the COVID-19 pandemic during the first half of 2020, and the implementation of the...