"There's very clear evidence that the climate is warming and that...
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Bajaj Finserv to Invest in AI, Tech Startups
"Bajaj Finserv companies will invest Rs 1,500-2,000 crore over a...
Trump says Iran and Oman will not control Strait of Hormuz, deal remains elusive
Trump's comments came after Iranian state TV reported that it had...
Liberty Mutual increases stake in Liberty General Insurance to 74% in India
Matthew Jackson, president, Liberty International Insurance APAC, said, “India remains an important market for Liberty Mutual as we build our business across Asia Pacific, supported by strong fundamentals and significant opportunity for growth. Increasing our...
Aon expands Aon Claims Copilot globally, Strengthens Data and Analytics capabilities across commercial risk
Joe Peiser, CEO of Risk Capital at Aon "Aon Claims Copilot represents our continued commitment to deliver better information, advice and solutions to clients through technology,By integrating these capabilities into how we manage claims, we are equipping our...
West Asia Conflict:Reshaping India’s insurance, risk and financial ecosystem
There is a visible increase in demand for war risk, political risk and transit insurance. Indian businesses are deeply integrated into global supply chains today. A disruption in one region can delay shipments, increase costs or even close operations entirely. As a...
US delegation explores India’s expanding nuclear sector
The SHANTI Act replaced the Atomic Energy Act of 1964 and the Civil Liability for Nuclear Damage (CNLD) Act of 2010. The CNLD Act had tougher liability provisions on nuclear suppliers which global companies found to be an impediment to exploring the Indian market. New...
SBI must pay Rs 5 lakh to woman despite 6-yr delay in claim: Nagpur consumer panel
The bank was also ordered to pay Rs 10,000 for mental agony and litigation costs.As per the complainant, her husband had an account with the bank's Tri Junction Cantonment area in Nagpur. She stated that insurance protection up to Rs 5 lakh was being provided to the...
IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon
The IRDAI's board in its recent meeting had deliberated the issue and approved drafting and publishing the draft regulations on the proposed Indian Risk Based Capital Framework for stakeholder consultation.The issues which need to be addressed before launching RBC in...
IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life Insurance sector, persistent rise in complaints signals systemic service issues.Health and motor claims are key drivers, highlighting growing policyholder friction and the need for targeted corrective...
Willis launches integrated risk and insurance solution for carbon capture
Charlotte Watts, Head of Energy and Mining in Asia, added, “Carbon Capture, Utilisation and Storage (CCUS) takes a strategically critical role in Asia's decarbonisation pathway as well as its energy strategy. At Willis, we have developed a proprietary CCS insurance...
IRDAI approves incorporation of Jio Allianz General Insurance
Jio Finance to invest an amount of Rs. 4.95 crores towards initial subscription of 49,50,000 equity shares of face value Rs. 10/-each for 50% stake Mumbai:After finalising joint venture agreement with Allianz Europe B.V (Allianz) to form a domestic general insurance...
AI-enabled systems introduced by IMD to provide hyper-local weather forecasts: Jitendra Singh
Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences,said India has witnessed nearly 40 per cent improvement in forecast accuracy for severe weather events during the recent decade compared to the previous decade....