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Embracing 2025: Year of Purpose & Opportunities
2024 has been a pivotal year for the Indian insurance industry,...
Insurtech- For Quick & Seamless Customer Service
Amit Bhandari, Chief Technical Officer at Magma HDI General...
APEC leaders meeting to chart path forward from pandemic
In all, APEC members account for nearly 3 billion people and about 60% of the world's GDP. They span the Pacific rim, from Chile to Russia to Thailand to Australia. Wellington:U.S. President Joe Biden and his Chinese counterpart Xi Jinping will have a rare virtual...
Installation of electric vehicle charger will cost Delhi residents Rs 2,500
Delhi government is providing a subsidy of Rs 6,000 to the first 30,000 applicants for charging stations bringing down effective cost of each charger to just around Rs 2,500. The incentives provided by Delhi government will reduce the cost of chargers by up to 70 per...
Shipping emissions must fall by a third by 2030 and reach zero before 2050 – new research
International shipping is a crucial part of the global economy — 90 per cent of the world’s trade is transported by sea. But almost all ships use fossil fuels and so the sector is also a major emitter of greenhouse gas pollution — with emissions roughly on a level...
Boeing Reachs $237.5 Million Settlement of Shareholders’ 737 MAX Safety Lawsuit
The settlement would also require Boeing to provide annual public reports on safety related enhancements implemented by the planemaker since the MAX air disasters. The financial penalty is to be paid by insurers to Boeing, the documents show, minus up to $29.7 million...
Swiss Re’s Pulse technology platform to be deployed by Mitsui Sumitomo group to manage global insurance programme
The PULSE platform, which was launched in 2019, will help MSIG streamline their technology landscape and overcome inefficiencies and data discrepancy challenges that come from managing multinational insurance programmes across multiple applications. collaboration....
FADA disappointed over auto sales
New Delhi: Automobile dealers' body FADA on Tuesday termed the current festive season as the worst in terms of business in a decade for its retail partners across the countryThe industry body, which represents over 15,000 auto dealers that own over 26,500 outlets...
Flood-prone Mumbai digs in to tackle warming-worsened ‘monsoon mayhem’
Mumbai is part of the C40 Cities network, a group of nearly 100 major cities globally working to drive faster action on climate change. Each has committed to delivering a climate action plan designed to spur uptake of clean energy, boost adaptation to climate shifts and turn the 2015 Paris Agreement on climate change into an on-the-ground reality.
Mumbai launched its first Climate Action Plan (known as MCAP) this month. Amid dire predictions that large parts of the city could face inundation by 2050, it brings together different arms of the administration to try to fast-track solutions.
With IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion
The approved amount will be infused in instalments, thereby increasing the capacity to underwrite risks up to Rs 88,000 crore and this will enable ECGC to issue covers that can support additional exports of Rs 5.28 lakh crore over the five-year period, said M Senthilnathan,its Chairman and Managing Director .
Maha govt pays Rs 973 crore to crop insurance firms
“The state government by an order issued on Wednesday has disbursed Rs 973.16 crore as its contribution in the crop insurance scheme for which 83.87 lakh farmers have applied in the kharif season of 2021,” an official release said.
Travelers Risk Index: Cyber ranks as the top business concern
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
The percentage of respondents who said their company suffered a security breach where someone hacked into a system increased nearly 40% compared to 2020, to almost half (46%).
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.