The IRDAI's board in its recent meeting had deliberated the issue...
Category:
Non-Life
Latest
IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life...
Willis launches integrated risk and insurance solution for carbon capture
Charlotte Watts, Head of Energy and Mining in Asia, added, “Carbon...
Jan1 Renewals:Most areas of market record price decreases, Conditions expected to persist into 2026, says Howden
This backdrop brings opportunities across the value chain. Buyers are benefitting from rate reductions and improved terms as supply exceeds demand in most areas whilst underwriting performance remains strong, delivering healthy profits and returns on capital.Buyers...
2025-one of 3 hottest years on record
WWA(World Weather Attribution) scientists identified 157 extreme weather events as most severe in 2025, meaning they met criteria such as causing more than 100 deaths, affecting more than half an area’s population or having a state of emergency declared. Of those,...
Govt probes insurers paying excessive distribution commissions without growing business
The Department of Financial services (DFS) has sent letters to general insurers and life insurers through their respective councils- General Insurance Council and Life Insurance Council- after both- the insurance regulator IRDAI and the banking regulator Reserve Bank...
Indian auto industry closes 2025 on firm footing, broad-based sales growth reported in December
Maruti Suzuki India, the largest car maker in India, reported total sales of 217,854 units in December 2025, up from 178,248 units a year earlier. Domestic sales touched an all-time high of 182,165 units, underlining strong demand for compact cars and utility...
GIC Re set to expand its global business in Jan1 renewals
Globally reinsurance buyers enter the January renewal season with strong momentum. Exposures are evolving, demand is growing, capacity is abundant backed by industry capital is at record levels. Despite lingering headwinds, the market is well-positioned to support...
Domestic reinsurance capabilities through regulatory incentives need to augmented:RBI
In its Financial Stability Report, the central bank has cautioned the growing reliance on cross-border reinsurance suggests that the domestic market’s capacity may not be keeping pace with the specialized or large-scale risk transfer needs of Indian insurers,...
Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part of the total expenses of the general insurance industry, said the IRDAI in its annual report of 2024-25 For the life insurance sector, total commission outgo increased by 18 per cent (whereas the total...
India’s Auto Sector-2025: EV momentum, premiumisation and engineering innovation
Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Watts & Volts Ltd., said 2025 was a defining year for India's electric scooter ecosystem.EV penetration in scooters crossed an all-time high of 16 per cent during the year. Also policy support,...
Autonomous Services:Uber Technologies and Lyft Inc. each teaming up with Baidu Inc. to trial driverless taxis in UK
Global robotaxi rollouts are accelerating, with Chinese companies such as Baidu and Weride Inc., and Alphabet Inc.’s Waymo leading the charge. Uber and Weride have launched driverless operations in Abu Dhabi, with plans to expand in the Middle East. Baidu is...
A year on, Jeju Air crash report delayed as families question probe’s credibility
“It feels like all kinds of doubts are just growing bigger and bigger. In the meantime, a year has gone by, and it feels like the frustration is only continuing to build,” said Ryu Kum-Ji, a 42-year-old woman who lost both of her parents in the crash. A South Korean...