Minister of State for Civil Aviation Murlidhar Mohol said that a...
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Saudi Aramco offers Red Sea route option for oil buyers as Hormuz faces lengthy disruptions
The other option is to receive oil from the Persian Gulf, but at...
Seth to take stock of Bima Sugam with insurers on Tuesday, to discuss launch of standard Health & Motor covers on e-platform
Ajay Seth,chairman, IRDAI ``We are having a virtual conference with...
US hurricane losses could surge by 50% under 2°C global warming, MS Amlin study warns
The findings come as the industry grapples with an intensifying mismatch between risk exposure and pricing adequacy — a gap that MS Amlin cautions could leave communities underprepared for the financial fallout of future storms. MS Amlin CEO, Andrew Carrier’s...
Expanding Indian EV Market: Securing Battery Insurance
Battery, making up about 60% of an EV’s total cost often doesn’t get the focused attention it deserves. This makes it all the more important to highlight the value of dedicated battery insurance for EVs. With the total number of electric vehicles(EV) on the road...
Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian insurance industry is more a strategic and forward-looking shift focussing not just on stability but also on expansion, and attracting long-term investment. It can better align India with global standards...
From hotel cancellation to loss of baggage, Ahmedabad air crash victims opted for array of retail insurance
The incident has triggered retail claims under various insurance categories like travel, personal accident, and life insurance, including those from Kisan Credit Card holders. Personal accident claims have emerged as a significant category, second only to life...
10 hydropower projects damaged in Nepal floods, no significant effect on power export
In a statement, Independent Power Producers Association Nepal (IPPAN) said that seven hydropower projects currently generating 251 MW hydropower have been completely shut down due to the floods. Kathmandu: At least 10 hydropower projects have been damaged by floods in...
Insurance cost surge for commercial ships sailing past Yemen’s Houthi militants
Shipowners now have to pay about 1% of a ship’s value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the world’s largest insurance broker. That’s up from 0.2% to 0.3% in recent months, a period...
Asia Index launches BSE Insurance Index
The BSE Insurance Index is derived from the constituents of BSE 1000 Index that are classified under the insurance industry.This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of various sectors in...
IRDAI board meet on July 14, likely to approve new licenses
In the absence of a regular chairman after Debasish Panda ended his three-year term in March ,PK Arora, member, Actuary, IRDAI, will chair the IRDAI board meeting New Delhi/Hyderabad: Insurance regulator IRDAI will have its next board meet on 14th July and...
Extreme Weather: Euro Zone could lose 5% of GDP, says ECB
“Climate-related risks are an immediate concern for financial stability and economic growth,” Stracca and Bundesbank board member Sabine Mauderer said in a blog published by the ECB Extreme weather events such as heatwaves, flooding and wildfires could wipe as much...
UP govt sets July 31 deadline for kharif crop insurance; farmers must report damage within 72 hours
Farmers can register through banks, common service centers, or the official portal www.pmfby.gov.in. For help with registration, claims, or documentation, they can contact the Crop Insurance Helpline at 14447 Lucknow: To protect against potential risks this kharif...