M Nagaraju, after becoming the DFS secretary, held his first review...
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Railways paid only 22 claims under Optional Travel Insurance Scheme in five years
Responding to questions regarding the number of victims who had...
Berkley Asia and Lloyd’s Syndicate Volante venture into Indian markets
One more Lloyd’s Syndicate Volante has received a license from the...
Swiss Re’s Pulse technology platform to be deployed by Mitsui Sumitomo group to manage global insurance programme
The PULSE platform, which was launched in 2019, will help MSIG streamline their technology landscape and overcome inefficiencies and data discrepancy challenges that come from managing multinational insurance programmes across multiple applications. collaboration....
FADA disappointed over auto sales
New Delhi: Automobile dealers' body FADA on Tuesday termed the current festive season as the worst in terms of business in a decade for its retail partners across the countryThe industry body, which represents over 15,000 auto dealers that own over 26,500 outlets...
Flood-prone Mumbai digs in to tackle warming-worsened ‘monsoon mayhem’
Mumbai is part of the C40 Cities network, a group of nearly 100 major cities globally working to drive faster action on climate change. Each has committed to delivering a climate action plan designed to spur uptake of clean energy, boost adaptation to climate shifts and turn the 2015 Paris Agreement on climate change into an on-the-ground reality.
Mumbai launched its first Climate Action Plan (known as MCAP) this month. Amid dire predictions that large parts of the city could face inundation by 2050, it brings together different arms of the administration to try to fast-track solutions.
With IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion
The approved amount will be infused in instalments, thereby increasing the capacity to underwrite risks up to Rs 88,000 crore and this will enable ECGC to issue covers that can support additional exports of Rs 5.28 lakh crore over the five-year period, said M Senthilnathan,its Chairman and Managing Director .
Maha govt pays Rs 973 crore to crop insurance firms
“The state government by an order issued on Wednesday has disbursed Rs 973.16 crore as its contribution in the crop insurance scheme for which 83.87 lakh farmers have applied in the kharif season of 2021,” an official release said.
Travelers Risk Index: Cyber ranks as the top business concern
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
The percentage of respondents who said their company suffered a security breach where someone hacked into a system increased nearly 40% compared to 2020, to almost half (46%).
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
Automakers are about to shake up the auto insurance industry
The Connected Auto Insurance Global Study reveals that many insurers now write over 50% of new business to connected auto insurance.
Dr Andrew Jackson, Research Director, said: “When car usage collapsed during the COVID-19 lockdowns, policyholders demanded prices based on actual mileage. OEMs have been stepping in to the gap, and in a clear statement of intent, half of all OEM in-house UBI programmes use connected car data only, removing insurers and Telematics Service Providers (TSPs) from the equation.”
At least 17 OEMs are selling connected car services with dynamically-priced insurance already available from Ford, GM, Kia, Hyundai, Mercedes-Benz, Stellantis, Tesla, Toyota and Volkswagen. Many car manufacturers have also forged insurance partnerships (i.e. Ford with Arity, GM with American Family, Ford with Octo Telematics, PSA with AXA, Daimler with SwissRE).
YouTube blocks all anti-vaccine content
The move comes as YouTube and other tech giants like Facebook Inc. and Twitter Inc. have been criticized for not doing enough to stop the spread of false health information on their sites.
Kerala sees decline in COVID-19 cases, still contributes 52 pc of total active COVID-19 cases: Centre
The Health Secretary said that 18 districts in India are reporting a weekly positivity between 5 per cent to 10 per cent. Meanwhile, India reported 23,529 new COVID-19 cases in the last 24 hours, informed the Ministry of Health and Family Welfare today.
Coal power plant pollution in India could lead to additional premature deaths in 6 cities: Study
Dr Rachel Huxley, Head of Knowledge and Research at ‘C40 Cities’ said, “Current national plans would expand the coal fleet by 28 per cent between 2020 and 2030 and not reducing it by 20 per cent, threatening the health and well-being of the urban residents in Delhi while undermining India’s climate and air quality targets.” She further stated, “Current national plans could nearly double the number of annual premature deaths from coal power plants air pollution in the city.”