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Iran announces launch of new regulatory body to manage Strait of Hormuz
It was not immediately clear what the new body would do but earlier...
Govt asks state-run banks,insurance firms to cut costs, shift to EVs
Under the new measures, all meetings, reviews and consultations...
Maharashtra: Tribunal awards Rs 74 lakh compensation to family of accident victim
The New India Assurance Company contested the claim, arguing that the deceased was partly negligent and that the truck driver lacked a valid licence and vehicle fitness documents. However, the tribunal rejected these claims, noting that the insurer failed to provide...
GIPSA urges govt to notify new wage revision of PSU employees quickly
GIPSA in its communication to the fincial services department yesterday said,`` Unions have given their unanimous in principle agreement to the wage revision offer made to them by GIPSA management and have conveyed that they are eagerly awaiting the Gazette...
MACT awards Rs 18.32 lakh compensation to kin of man killed in road accident
In its order dated November 10, the tribunal said, "It is well settled law that negligence of the driver in case of road traffic accident is required to be established on the touchstone of preponderance of probability and standard of proof beyond reasonable doubt does...
Substantial growth in insurance biz since GST rationalisation: Irdai’ Sood
"What we've seen in October, that is an indication of how things will be. I think both the life insurance industry and the retail health has seen substantial growth, substantial interest coming from people," Irdai's member(Non-Life) Deepak Sood said, adding that more...
Finmin asks hospitals, insurers to make healthcare affordable and accessible for policyholders
M Nagaraju, Secretary,Financial Services , Ministry of Finance The secretary advised insurers and hospitals to take measures such as devising standardised treatment protocols, common empanelment norms, seamless cashless claims processing, etc, to bring down health...
New India net profit soars almost 58% to Rs 454 crore in H1FY26
"Looking ahead, the company remains optimistic about sustaining growth momentum. We continue to register industry-leading growth in October, and early indicators suggest improvement in loss ratios in the second half of the financial year''Girija Subramanian, CMD...
Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...
GIC Re net profit surges 55% to Rs 2,867 cr in Q2FY26, global premium rises 15% to Rs 9,600 cr
`GIC Re’s broad objective is to maintain its dominance in the domestic market while strategically enhancing its global footprint for diversification and spread. Our decisions will be guided by exposure management, price adequacy and portfolio balance on an ongoing...
Bajaj General Insurance net profit rises 5% to Rs 517 crore in Q2FY26
The company's combined ratio was at 102.3 per cent in Q2FY 26 as against 101.4 in the corresponding quarter of FY 25.The underwriting losses of the BAGIC has deteriorated to Rs92 crore in the reporting quarter as against Rs 48 crore in Q2FY25 impacted by higher...
Willis announces senior Cyber appointments in Asia
Willis, a WTW business has appointed Conor Keating as Head of Cyber, Asia, and Carlos Grijalva as Head of Cyber Sales, in Asia, effective immediately. Based in Singapore, Conor Keating transitions into the role of Head of Cyber, Asia, from his previous position as...