L to R - PK Arora, Member, IRDAI, T Alamelu, Principal Advisor,...
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`IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit’- International reinsurers gather in Mumbai on Monday to brainstorm their India strategies
K Rajaraman,Chairman, International Financial Services Centres...
“For Munich Re, it is of utmost importance that rates and conditions are risk-adequate to insure sustainability of the business”
With the beginning of the renewal season in Asian region, Hitesh...
OVID-19: Maharashtra, WB and Delhi emerging as states/UTs of concern
The country has reported more than 10,000 daily new COVID-19 cases after 33 days, it said stressing that there is a need for heightened vigil in view of sharp increase in infections New Delhi: The government on Thursday said that Maharashtra, West Bengal, Tamil Nadu,...
2022: A likely year of firsts for insurance; general insurer privatisation, LIC share sale on cards
There are fears that LIC listing may be pushed beyond March 2022 as the valuation of the state-owned behemoth is taking more than anticipated time and preparatory work is still far from complete New Delhi: With the amended general insurance business legislation, the...
WHO’s Tedros concerned about ‘tsunami of cases’ from COVID-19 variants
Tedros Adhanom Ghebreyesus,director-general,WHO "Delta and Omicrom are now twin threats driving up cases to record numbers, leading to spikes in hospitalisation and deaths," said World Health Organization (WHO) director-general Tedros Adhanom Ghebreyesus GENEVA: The...
Asia keeps Omicron variant at bay, but a surge may be inevitable
Omicron cases are mounting, and experts say the next few months will be critical. Those fears have been amplified by doubts about the effectiveness of the Chinese-made vaccines used in China and much of the developing world Once the pace picks up, its upsurge would be...
Govt inducts three insurers as part time members into BBB
The new members are Usha Sangwan, former MD, Life Insurance Corporation representing the life segment, A.V. Girija Kumar, former CMD, Oriental Insurance Company(OIC), for non-life, Sujay Banarji, former member,(Distribution), for re-insurance or actuarial science New...
Lloyd’s Asia launches new renewable energy consortium
The new consortium has been developed by Chaucer, Markel, and Munich Re Syndicate Ltd (MRSL) and has a maximum working capacity of USD100m per project It is expected that Asia Pacific will continue to outperform other regions as a market for the investment and...
Kerala best state on health parameters, UP worst: 4th Niti Aayog’s Health Index
The report by the government think tank said Tamil Nadu and Telangana have emerged as the second and third best performers, respectively, on health parameters New Delhi: Kerala has again emerged as the top ranking state in terms of overall health performance among...
Infectious diseases present ‘clear and present danger’ everywhere:UN
Noting that infectious diseases remain “a clear and present danger to every country”, . Guterres maintained COVID-19 would not be the last pandemic for humanity It means strengthening primary health care at the local level to prevent collapse… ensuring equitable...
Extreme weather events cost the world billions in 2021, shows study
Worryingly such climate devastation is set to continue without action to cut emissions. Insurer Aon warns that 2021 is expected to be the sixth time global natural catastrophes have crossed the $100 billion insured loss threshold. All six have happened since 2011 and...
Gap between 2nd Covid shot and booster likely to be 9-12 months: Report
The nitty-gritty of the gaps for the vaccines currently being used in India's inoculation programme Covishield and Covaxin is being worked out, and a final decision over this will be taken soon, they said. New Delhi:The gap between the second dose of COVID-19 vaccine...