Regulatory bodies in Singapore, Hong Kong and the UK have launched...
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ICICI Lombard General net profit rises 15.5% to Rs 946 crore in Q2FY27
The insurer's combined ratio was 107 per cent in the July-September...
SC mandates insurance for railway counter tickets from Oct 27
A bench of Justices Ahsanuddin Amanullah and R. Mahadevan issued...
Employers may soon be able to claim ITC on GST paid for employee insurance cover
"This will make insurance cheaper for every employer to provide", sources said. Currently, an 18 per cent GST is levied on all such group insurance policies. New Delhi: The GST Council is expected to consider a proposal in its meeting on October 7 to allow employers...
IRDAI to meet industry CEOs on Monday to delibarate new distribution reforms
“ “I have been meeting CEOs of the industry over the last few days to understand their views on the new consultation paper. We will meet all the CEOs on Monday to discuss the implementation of the distribution reforms and would like to get detailed industry feedback...
Zurich completes Beazley acquisition, creates world’s largest specialty insurer
Following the completion of the acquisition, Kristof Terryn is appointed CEO of Beazley and Zurich Global Specialty, subject to regulatory approval. Adrian Cox will be leaving Beazley as the organization begins its next phase. Zurich Insurance Group (Zurich) today...
Aon makes two leadership appointments for Japan Global Solutions
Global re/insurance broker Aon plc announced two leadership appointments for Japan Global Solutions, reinforcing the firm’s commitment to helping Japanese multinational clients address complex business, risk and people challenges through integrated global capabilities...
CAFE III: Roadmap for technology flexibility and cleaner vehicle transition
"CAFE III regulation lays down a structured road-map with aggressive annual targets for next 5-years for the auto industry along with a market-based compliance mechanism. This will not only ensure reduction of overall fuel consumption from new passenger vehicle fleet...
Domestic PV sales rise 21 pc in Sep; Maruti, Hyundai, Tata post double-digit growth
The industry is anticipating robust demand during the peak festival season, which starts with Navratri in the second week of October this year and runs till Diwali in the second week of November. New Delhi: Passenger vehicle dispatches in the domestic market are...
Indian insurance and pension segments record fastest growth, up 11.4%, ahead of deposits in 2025: Allianz Report
In India, insurance and pensions grew fastest, up 11.4%, ahead of deposits (9.8%) and securities (6.1%). Nevertheless, like in many emerging economies, deposits still have the highest share in private households’ portfolios, at 40.2%, followed by securities with 32.7%...
Jio Allianz General Insurance receives Rs 640 crore of fund infusion, to announce a new CEO shortly
Industry sources have said though a few names including Deepak Sankar Mullassery,·Head- Commercial Business Distribution at TATA AIG General Insurance, are doing the round to be appointed as the first CEO of the company, which has already applied for a license from...
OverseeAI joins Guidewire Insurtech Vanguards to accelerate insurance product modernisation and new product launches
Scott Field, Co-founder and Chief Product & Technology Officer of OverseeAI, said, “Insurance products are among the most complex assets a carrier operates, and modernizing them starts with a clear, structured understanding of what they are and how they work. We...
Govt clears Mundayur’s appointment as CMD of New India Assurance
Lavanya R Mundayur, CMD, New India Assurance With 35 years of experience, Mundayur is currently the youngest CMD in the PSU general insurance industry. She had joined NIA as a direct recruit officer in 1991 and was a general manager and chief underwriting officer of...