In the first nine months(Apr-Dec) of FY 23-24, the industry...
Category:
Non-Life
Latest
Powerful Tibet earthquake near Nepal kills at least 96
The quake hit at 9:05 a.m. (0105 GMT), with its epicentre located...
Strong reinsurer appetite drives excess property catastrophe capacity at January 1:Guy Carpenter
Dean Klisura, President & CEO of Guy Carpenter. “Renewal...
New Covid variant: Centre’s fresh advisory to states for international travellers
In a letter to additional chief secretaries or principal secretaries or secretaries (Health) of the states and union territories, Union Health Secretary Rajesh Bhushan asked them to ensure that samples of travellers turning positive are sent to the designated IGSLS or...
Bajaj Allianz General now the 4th insurer to offer drone cover
Insurance protection is offered for the damage to the drone and the payload it carries will provide coverage for replacement/repair, accidental loss of/damage to the UAS (unmanned aircraft system) arising from the risks covered, including its disappearance, is...
Higher ransomware claims push up USA CYBER PRICES
Cyber once again saw a record increase in premiums in Q3 2021, at 27.6%. Respondents agreed that one of the primary drivers behind these increases was the rise in cyberattacks, specifically ransomware, phishing, and social engineering attacks. Cyber had been...
Wall Street’s $22 Trillion Ticking Carbon Time Bomb
Banks in Turkey, Russia, Indonesia, India and China are most exposed to carbon-transition risk, with three sectors—manufacturers, transportation companies, and power producers and other utilities—accounting for more than 75% of the potential bad loan exposure, Moody’s...
K7 Cyber Threat Monitor Report For Q2 2021-22 Reports Pan-India Infection Rate of 45%
The K7 Cyber Threat Monitor Report Q2 2021-22 analyses the prevalence of cyberattacks across Indian cities. Delhi recorded an infection rate of 44%, the highest amongst Tier 1 cities, closely followed by Chennai, Hyderabad, and Kolkata with an infection rate of 42%...
Delhi HC admits Singh’s appeal challenging Tripathy’s appointment as CMD of UII
``The petitioner (Singh) is seeking necessary orders from the Court to the government of India for his appointment as CMD of UII on the strength of the recommendation made by BBB on May 07, 2021,’’ said Justice Kameswar Rao J of Delhi HC while admitting Singh’s plea...
Flu vaccine demand takes off in India as pandemic raises awareness
Apollo Hospitals and Fortis Healthcare are also witnessing higher demand for flu shots, including Abbott India's imported vaccine, Influvac, the private hospital operators told Reuters. Sales in its vaccine unit rose 42.3% in the financial year ended March, largely...
Bar Council of India suspends 28 UP lawyers for filing fake cases in MACT
The Supreme Court. had taken a serious note of the issue relating to some advocates involved in filing fake claim petitions under Motor Accident Claims Tribunal and Workmen Compensation Act.The SC bench consisting of Justice M.R. Shah and Justice Sanjiv Khanna on 16th...
General insurance industry in Singapore to reach $4.2bn in 2025:GlobalData
An analysis of GlobalData’s Global Insurance Database reveals that motor insurance was the largest general insurance line in Singapore with a GWP share of 25.8% in 2020. Electric vehicles sales grew by over 80% during September 2020–2021, supporting the demand for...
Canada flood shows how climate change could fuel atmospheric river storms
"There may be fewer, but they are going to be lasting longer, and more intense," Vicky Espinoza, an author of the NASA study who is now a graduate student at the University of California Merced, said. Atmospheric rivers of the kind that drenched California and flooded...