Syndicate 2047 began underwriting on 1 April 2026 and is the first...
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Trump says Iran war ‘close to over’; Pakistan army chief arrives in Tehran to mediate
U.S. President Donald Trump "I think it’s close to over, yeah. I...
ICICI Lombard General Insurance net profit rises 7.3% to Rs546 crore in Q4FY26
Though the company's combined ratio has improved from 102.50 per...
Global reinsurance results very strong in 1H25, Revenue growth is slowing: Fitch
Fitch expects competition to intensify as supply outpaces demand, with further price softening and slight loosening of terms and conditions at the upcoming renewals, although underwriting discipline should persist. Chicago/Paris/London: Global reinsurers’...
AHPI withdraws suspension of cashless hospitalisation notice served on Bajaj Allianz
Commenting on the issue, APHI Director General Girdhar Gyani said, "We urge all the insurers to work in partnership with hospitals and restore cashless services, as the disruption is placing an unfair financial and emotional burden on patients. They also need to...
Sompo to acquire Aspen for $3.5 Billion
James Shea, CEO of Sompo P&C, said “Strategic acquisitions have been a key part of our growth plan to build a robust and diversified global P&C platform, and Aspen represents an excellent opportunity at the right time in the market cycle. We look forward to...
Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric re/insurance policies, better aligning payout with actual losses. The scalable nature of Safehub’s technology allows for rapid and dense deployment of sensors, enabling risk transfer solutions even in...
J-K: Five killed, 14 injured as landslide hits Mata Vaishno Devi route
The hill state of Himachal Pradesh, already reeling under the devastation caused by multiple landslides and flash floods, saw shops being washed away, buildings collapsing, and highways cut off. A total of 680 roads were closed in the state, with Mandi and Kullu...
PSU general insurance industry unions stick to 17% wage hike demand
``In today's meeting with GIPSA through virtual mode, the Associations were offered an improved loading factor of 14 per cent. While thanking the management for their efforts to come out with enhanced offer but reiterated our demand for parity with LIC in pay scales....
TCS enables ICICI Lombard’s fully automated multi-region disaster recovery on AWS Cloud
“This intelligent, automation-led DR solution sets a new benchmark for BFSI organizations by enabling seamless, fast and scalable disaster recovery with zero touch''Ujjwal Mathur, president & country head – India Business, TCS MUMBAI: IT major Tata Consultancy...
Govt raises wage hike offer to 14% from 12% for PSU general insurance industry
The GIPSA has called for a virtual meeting of unions on Tuesday noon Earlier, the unions of of PSU general insurance industry had rejected a 12 per cent wage hike offered by the Department of Financial Services and demanded a 17 per cent hike to be on par with the...
Willis expands into specialty lines, hires talent in Japan
The Japanese general insurance market is projected to grow from JPY11.7 trillion (US$81.1 billion) in 2024 to JPY12.7 trillion (US$93.9 billion) by 2028, at a compound annual growth rate of 2.2%. TOKYO: Willis, a WTW business, today announced a significant expansion...
Universal Sompo General Insurance achieves ISO 27001:2022 & ISO 22301:2019 certifications
Universal Sompo has achieved two illustrious international certifications ISO 27001:2022 for Information Security Management Systems (ISMS), and ISO 22301:2019 for Business Continuity Management Systems (BCMS).This reinforces the insurer's commitment to global best...