Yogi Adityanath, Chief Minister,Uttar Pradesh It is noteworthy that...
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Chennai grapples with torrential rain as memories of 2015 floods return
Transportation services took a severe blow, with numerous trains...
Former BoI MD Atanu K Das selected as next IIRM director
The post of the director at IIRM will fall vacant shortly as the...
Coronavirus crisis: Centre extends Rs 50 lakh insurance cover for healthcare providers till September
The insurance cover despite being a well-publicised scheme, awareness of the same appearsto be little amongst some of State Nodal Agencies as a substantial number of some 75 claims, lodged till date are outside the purview of the policy on account of either the deceased not being a health worker or the deceased having died of other than corona related ailments, said Atul Sahay CMD, NIA.
Insurers need to be flexible with customers following unemployment spikes,says GlobalData
“Insurers need to be flexible with their customers in order to reduce the impact of rising unemployment. Payment holidays can help for a limited time period. Insurers should also be flexible and allow their customers to adjust their level of cover to one that is more affordable for them. The development of usage-based policies and short-term, on-demand policies with lower premiums will also help insurers retain some of their customers during difficult times, said Yasha Kuruvilla, Insurance Analyst at GlobalData
VW seeks open-source approach to refine car operating system
“There is a race to create automotive operating systems. We are seeing that many non-automotive players are building up competence in this area,” Senger told Reuters.
China says one-fifth of Belt and Road projects ‘seriously affected’ by pandemic
Over 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways and other infrastructure. According to a Refinitiv database, over 2,600 projects at a cost of $3.7 trillion are linked to the initiative.
The challenge of the pandemic to BRI projects follows a pushback in 2018, when officials in Indonesia, Malaysia, Sri Lanka and elsewhere criticized projects there as costly and unnecessary.
ICICI Bank sells 3.6% stake in ICICI Lombard for Rs 2,250 cr
Mumbai: ICICI Bank on Friday sold 3.6 per cent stake in ICICI Lombard General Insurance Company for around Rs 2,250 crore.Post the divestment, ICICI Bank''s stake in its general insurance stands at around 51.9 per cent. The development comes after the...
U.S. insurers eye Legionnaires’ disease safeguards as buildings re-open from pandemic shutdowns
“Legionella could be the deadliest waterborne illness in the U.S. and another deadly consequence of COVID,” said Veronica Benzinger, environmental service group leader for insurance broker Aon PLC (, referring to the illness caused by the novel coronavirus.
Allianz Global Corporate & Specialty SE realigns key roles in its Board of Management
With effect from July 1, 2020, the number of Chief Regions & Markets Officers (CRMO) on the AGCS SE Board of Management will be reduced from three to two: Henning Haagen, current Chief Underwriting Officer Specialty, will assume responsibility for all AGCS regional units outside North America as Chief Regions & Markets Officer Regional Group 1, including Africa, Asia Pacific, Central & Eastern Europe, Mediterranean Region, Regional Unit London, and South America. As Chief Regions & Markets Officer Regional Group 2, Bill Scaldaferri will continue to head the North America Regional Group. Each CRMO will be responsible for approximately half of AGCS’ business in terms of gross premium income of EUR 9.1 billion in 2019.
Cyber attack in Australia: China the chief suspect behind attack
China is the prime suspect of a huge cyber attack targeting Australian universities, hospitals, industry and governments. Critics say the attacks are part of a campaign by Beijing to bully and intimidate Australia following Canberra’s calls for an inquiry into coronavirus.
SUVs can kill Pedestrians more than than passenger cars,Insurance Study Says
SUVs are more likely than passenger cars to injure or kill pedestrians, according to a new U.S. insurance industry study which recommended design changes to improve safety. Sport utility vehicles “seem to be more deadly to pedestrians than cars...
Insurers cite Swedish example in bid to dodge Covid-19 biz income payouts
The court case is one of a number of battles across the world, where insurers and clients are fighting over whether coverage extends to measures taken by governments to halt the spread of coronavirus. In France, AXA SA was ordered by a Paris court last month to compensate a restaurant owner for two months of virus-related losses.