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Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis
As per them, mutual fund investments surged by a whopping 86 per...
Broker Howden launches Red Sea cargo war insurance as ship risks surge
Howden said the new product was the "first dedicated insurance...
Indian carries’ fleet strength rise from 669 in March 2020 to 713 in November 2020:Puri
”Brazil has around 1,250, Australia has around 2,000, the US has more than 14,000. There is a growing requirement of helicopters for civil use in tourism, mining, corporate travel, air ambulance, homeland security, air charter, etc,” he added.
He said that while big established airlines across the world are in red, the fleet strength of Indian carries has increased from 669 in March 2020 to 713 in November 2020.”This fignure will go beyond 2,000 in the next few years,” he mentioned.
Passenger traffic at airports in tier 2, 3 cities higher than pre-COVID levels: IATA
‘In domestic, we have seen a strong expansion in new destinations and the deployment of new flights. Unused and under utilised airports in India are starting to see additional passenger activity,” Amitabh Khosla, country director of International Air Transport Association (IATA) said during a seminar at Aero India 2021.
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Chubb announces new appointments for Asia Pacific’s Property & Casualty team
Alex Todd has been appointed as the new Head of Property,responsible for the growth and performance of Chubb’s Commercial Property portfolio in Asia.
Jamie Park has been appointed as head of Financial Lines,responsible for the underwriting, product development, new business opportunities, as well as driving the overall profitability of Chubb’s Financial Lines portfolio in Asia.
International rating agencies give thumbs up to proposal of raising FDI limit to 74 % in insurance sector
Prospectively, given the historical trends and the opportunity to hold greater ownership in the insurance companies, AM Best is of the opinion that the Indian insurance industry is likely to attract significant overseas capital inflow.
The possibility of higher foreign ownership would improve insurers’ financial flexibility by offering additional opportunities to bolster solvency. In addition, insurers would benefit from the sharing of risk management best practices, possibly leading to a lowering of exposure to high-risk assets and adoption of risk-based capital management, explained Mohammed Ali Riyazuddin Londe, vice President – senior analyst, Financial Institutions, Moody’s Investors Service.
Antares places Lloyd’s China operation into run-off
London: Antares Managing Agency, the Lloyd’s specialist insurance and reinsurance subsidiary of QIC Global, on Wednesday, announced it has placed Syndicate 1274’s Lloyd’s China operation into run-off. Antares will cease accepting...
SJM and Employees’ unions oppose govt’s move to privatise a PSU general insurer
SJM National Co-Convenor Ashwani Mahajan stated that the announcement of privatisation of public sector banks and an insurance company is worrying.After 2018, that had announced the merger of three PSU general insurers, National Insurance Company, Oriental Insurance Company and United India Insurance Company, which was called off in 2020, the announcement in Budget-2021-22 to privatise one of the PSU general insurers, has again given rise to conjecture and confusion, said a statement by officials of different uinons, which had supported the mergers of three companies. .
39 pc people in HP suffer from obesity, 11.5 pc diabetic: Study
”Himachal Pradesh ranks seventh in the country in terms of prevalence of type-two diabetes, and has a higher prevalence than the national average as well as its neighbouring states of Punjab, Haryana and Uttarakhand,” he said
The prevalence is same among males and females, but is higher in urban areas as compared to rural areas, Mokta added.
He said that according to the study, around half of those suffering from diabetes have not been diagnosed with the disease and are unaware about the problem.
Over 300 million Indians may have COVID-19 – source citing government study
Separate tests done on more than 700,000 people across India by diagnostics company Thyrocare Technologies showed 55% of the population may have already been infected, its chief told Reuters last week.
The World Health Organization says at least 60% to 70% of a population needs to have immunity to break the chain of transmission.
93,000 cybercrimes related to sexual exploitation, hate in 3 years: MHA
As per data maintained and published by the National Crime Records Bureau, 21,796 cybercrimes were registered in 2017, 27,248 in 2018 and 44,546 in 2019.”The motives behind cyber crime in the country include personal revenge, fraud, sexual exploitation, inciting hate, spreading piracy, stealing information etc,” Minister of State for Home G Kishan Reddy said in a written reply to a question.
Above-average annual insured natural cat losses in 2020 despite multiple ‘near-misses’:Willis
In Asia, Tropical Cyclone Haishen caused under $1 billion of insured losses, well below those caused by similar storms during 2019’s cyclone season. The largest event of 2020 to hit Latin America and the Caribbean was hurricane Iota in November, with an estimated economic loss of about $1.3 billion, but a much lower insured loss.