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DFS secretary reviews vision strategy of LIC and GIC Re
M.Nagaraju, Secretary, DFS Nagaraju underscored the need to expand...
RBI and IRDAI not inclined to allow commodity derivatives, Sebi says
Tuhin Kanta Pandey,Chairman,SEBI In his statement on Monday,...
Thailand floods “paralyzed” flow of high tech components and car parts to neighboring Malaysia
The floods are the worst on record for southern Thailand, with the government estimating the damage at around 500 billion baht ($15.6 billion). Thailand said floods that have devastated much of the country’s south have “paralyzed” the flow of high tech components and...
FSIB selects NIC’s Sivasankar to become NIA’s ED
The head hunting institution of the government interfaced with three candidates, Chandra Iyer, GM , NIA, V. Balkrishna, GM, GIC Re and Sivasankar, on Wednesday for selecting a new ED for NIA New Delhi:The Financial Services Institutions Bureau(FSIB) has chosen S...
Social security coverage rises to 64% from 19% in 2014: Mansukh Mandaviya
Labour and Employment Minister Mansukh Mandaviya noted that 94 crore people in the country are currently covered under accident, health and pension benefits, placing India just behind China, which covers 107 crore people New Delhi: India has expanded social security...
AXA & Insurance Development Forum raise $340 million Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial infrastructure projects across Latin America, Asia, and Africa. It aims to build a diversified portfolio of resilient infrastructure assets, including clean water and water management, waste management,...
D&O Market in 2026:Geopolitics and cyber drive risk exposures
For D&O insurers, the US especially is a highly complex market due to its high frequency of securities class action claims and surging average settlement costs, which rose by 27% in the first six months of 2025 to US$56mn Asia-domiciled risks are seeing heightened...
Black Sea shipping insurance rates rise after Ukraine attacks tankers
War risk rates for a typical seven-day voyage period, which are set by individual underwriters and are based on the value of the ship, rose to 0.5% for calls to Ukrainian ports from 0.4% over a week ago, shipping and insurance sources said The cost of shipping...
Over 1,200 dead from floods in Indonesia, Sri Lanka, Thailand as rescue efforts intensify
The flooding and landslips killed at least 1,230 people, with 659 people confirmed dead in Indonesia, 390 in Sri Lanka and 181 in Thailand, authorities said Tuesday (December 2, 2025).In Indonesia, the hardest-hit nation, rescuers are struggling to access villages in...
Users free to keep or delete Sanchar Saathi: Jyotiraditya Scindia
According to the direction dated November 28, all mobile phones that will be manufactured in India or imported after 90 days from the date of issuing of the order will need to have the app “If you want to delete it, then delete it. But not everyone in the country...
Govt considering legislative amendments to push private investments in nuclear space: Shripad Naik
Shripad Naik, Minister of State (MoS), Power The Civil Liability for Nuclear Damage Act provides prompt compensation to the victims for damage caused by a nuclear incident through a no-fault liability regime New Delhi: The government is considering amendments to the...
Lloyd’s to venture into GIFT-IFSC, to apply for a license from IFSCA soon
This will be Lloyd’s second entry into Indian reinsurance market as it is already present as one of the foreign reinsurance branches(FRBs) in the country. Currently, it has two syndicates,Markel and Volante, in its India operations London/GIFT City: In a...