(L to R) Satyajit Tripathy, Member (distribution), Irdai and Vivek...
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GIC Re issues fiat for stricter underwriting and pricing to fix undercutting of Fire premium
``We are closely monitoring the evolving market dynamics and are...
64.5 mn passengers carried on international routes in Jan-Nov 2024, up 11.4 pc: Centre
“The number of domestic passengers carried by scheduled domestic...
urban risk landscapes to be driven by 3 main underlying trends:Geneva Association report
Man-made climate change not only directly affects the frequency and severity of weather-related hazards, it also brings longer-term shifts such as sea level rise, water scarcity and quality issues, as well as sustained higher temperatures and heatwaves, said the...
Aon appoints Jillian Slyfield as Chief Innovation Officer
"In a world that is more volatile, interdependent and faster moving than ever before, the risks our clients face are becoming more frequent and severe and the need for better decisions has never been greater," said Aon CEO Greg Case . CHICAGO: Aon plc, a leading...
US Policyholders pull back from digital claims in post-pandemic insurance world
"We're seeing some customers are heading back towards saying 'I was willing to do that during lockdown, but I want to go back to a place where I can see people and speak to them directly'," said Zurich's Group Chief Claims Officer Ian Thompson Across financial...
No scientific evidence in country underlines need for COVID-19 booster dose: ICMR’s Dr Samiran Panda
Dr Tamorish Kole, President of Asian Society for Emergency Medicine (ASEM), said, "When we are talking about the third dose, we must prioritise with the low level of immunity, immune-compromised such as cancer patients and patients who received an organ transplant and...
Andhra deluge: floods wreak havoc; toll climbs to 31, road, rail traffic hit
The flash flood caused due to a breach of the project’s earthen bund caught at least 18 people in a watery grave and left many others missing in these villages Tens of houses in these villages downstream the project were reduced to rubble. The villagers literally lost...
US Cap on drug price hikes for privately insured sparks battle
Polls show that Americans across the political spectrum overwhelmingly favor government action to reduce drug prices. The chief cost complaints are: high out-of-pocket costs for patients, high and rising list prices, and high launch prices for new medicines. The Biden...
Willis Appoints Former Lloyd’s CEO Beale and 3 others as new directors
The announcement comes months after a pushback from U.S. regulators forced Willis and Aon to call off their $30 billion merger that would have created the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc . London: Willis...
Sitharaman announces clearance to 3 key projects worth Rs 500 crore for IFSCA
Union Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman underlined that the central government's commitment to make GIFT City a world-class fintech hub as stated in the Union Budget 2021-22 GIFT-IFSC is especially targeted towards companies...
Insurers run from ransomware cover as losses mounT
"Insurers are changing their appetites, limits, coverage and pricing," Caspar Stops, head of cyber at insurance firm Optio, said. "Limits have halved – where people were offering 10 million pounds ($13.50 million), nearly everyone has reduced to five." Lloyd's of...
Maharashtra govt files FIR against Reliance Gen for non-payment of PMFBY claims to farmers
The FIR said: "In the kharif 2020 season, 7,00,129 farmers had paid a premium of Rs 277.65 crore to the company. Of these, 1,61,390 farmers' claims amounting to Rs 107.94 crore were approved by the company. Of these (approved claims), the company paid Rs 52.84 crore...