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Auto sales: Retail sales up 9% in India, crosses 26 million units in 2024
In 2024, EV sales reached 1.95 million units, up from 1.5 million...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near...
Majority of insurance buyers prefer physical copies of policy document: Survey
Most companies still ask for the original paper document while processing the claim. The insurance regulator must consider restoring section 4 and mandating issuing physical copies of the policy document at the earliest in the interest of buyers, it said. As per...
Swiss Re PARTNERS Baidu for risk expertise and insurance innovation in autonomous driving
Andrea Keller, Head of Automotive & Mobility Solutions at Swiss Re, said: “Together with our partner Baidu, we analyse how automated cars perceive their surroundings and how they process that information and respond to it. Our goal is to understand how such...
Govt has brought more farmers under Fasal Bima Yojana: PM Modi
Prime Minister Narendra Modi Announcing the repeal of three controversial fam laws, Prime Minister Narendra Modi said his government strengthened Fasal Bima Yojana and brought more farmers under it Small farmers brought under insurance, direct benefit transfer among...
Zurich Insurance stops underwriting new greenfield oil exploration projects
The pledges come after banks, insurers and investors with $130 trillion at their disposal vowed at the U.N.’s COP26 climate conference in Scotland this month to put combating climate change at the center of their work. Zurich Insurance Group will no longer underwrite...
Global reinsurers remain bullish on Asian markets
With Asia leading the charge, the future of the global (re)insurance industry to be robust, driven by a rapidly changing risk landscape that includes socioeconomic and behavioural changes on top of climate change Singapore: The global reinsurance industry has remained...
SC asks general insurers to develop an app for expediting MACT claim payments
If the GI Council and other insurance companies fail to develop the app within two months, the Central government will be called upon to do so,said the SC New Delhi: In a significant development, the Supreme Court has issued a slew of orders in bid to...
Global marine insurance premiums rise 6.1% to reach $30 billion in 2020
IUMI Stats contains analysis from its major claims database which now comprises 9000 claims records amounting to $14Bn of major losses. Global marine insurance premiums for 2020 increased by 6.1% from 2019 to reach $30 billion, demonstrating real global market...
Number of people fully vaccinated against COVID-19 surpasses those partially vaccinated
Union Health Minister Mansukh Mandaviya Eligible people across India with a special focus on districts where less than 50 per cent of the eligible population has been vaccinated, the statement said New Delhi: The number of fully vaccinated individuals against COVID-19...
IRDA rejects 2nd broking license of India Infoline Group
The IRDAI has rejected 5Paisa Insurance Brokers(owned by India Infoline Group(IIG) ), application for an insurance broking license, as IIFL Insurance Brokers,another company owned IIG, has already got a license and one group under the existing regulations can’t be...
State of play of India’s healthcare sector exposed by COVID-19
More than 60% of all healthcare spending in India is out of pocket, much higher than Brazil's about 27% and about 11% for the United States New Delhi: The COVID-19 pandemic has forced India to urgently try and revitalise its health infrastructure, especially after a...