The developments threatened to prolong and widen a war that has led...
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Govt drops any merger plans among PSU general insurers
Though, the government had not announced any specific plans for the...
Rajive Kumaraswami to succeed V. Suryanarayanan as MD & CEO of Chola MS
Kumaraswami brings over three decades of experience across...
India data breach costs reach new record level Of Rs 22 crores: IBM Report
“India's accelerating AI adoption brings immense opportunity, but it's also exposing enterprises to new and complex cyber threats. The absence of access controls and AI governance tools is not just a technical oversight; it's a strategic vulnerability. CISOs must act...
81pc Indians use Facebook,Instagram and WhatsApp to discover financial products: Report
"The digital platforms play a key role throughout the decision-making journey for specific products, including loans (86 per cent), investments (84 per cent), insurance (78 per cent), and savings (82 per cent), the report stated." said Shweta Bajpai, Director...
GIC Re net profit sees a record rise of 70 % to Rs 1,752 crore in Q1FY26
N Ramaswamy, CMD, GIC Re Combined Ratio improves by 2.66% to 106.94% ,underwriting losses fall 30 per cent to Rs 907.76 crore, gross investment income increases by 18.37% to Rs 3,228.51crore ``In a bid to fortify our balancesheet further, we have started the practice...
APAC records significant rise in cyber claims driven by rising frequency and sophistication, Aon report
“As cyber threats grow more complex and interconnected, companies need a clearer view of their exposure,stronger alignment between cyber security and insurance strategies, and the tools to make better, data-driven decisions,” AdamPeckman, head of risk consulting and...
Earnix and Sapiens partner to unlock operational efficiency for P&C insurers in EMEA and APAC
The solution is tailored for insurers in EMEA and APAC. This innovative solution allows insurers to define products and build rates in Earnix, and seamlessly integrate them into modernised workflows in Sapiens IDITSuite’s Platform. Rochelle Park, NJ: Sapiens...
Wildfires and severe thunderstorms in the US drive global insured losses to $80 billion in first half of 2025
The wildfires that swept through parts of Los Angeles County in January constitute the largest-ever insured wildfire loss event by far, resulting in estimated insured losses of USD 40 billion. Zurich: Global insured losses from natural catastrophes reach USD 80...
Rising AI-driven cyber attacks and geopolitical tensions hit India Inc, says Aon
Prasanna Kumar, head of cyber solutions for India at Aon, said, “We are witnessing India adopt AI at a rapid pace, which brings a host of new risks. Data poisoning attacks can compromise the integrity of critical AI systems and deepfake technology is now being used to...
Policybazaar fined Rs5 crore by IRDAI, 11 charges of regulatory lapses against the intermediary
``IRDAI in exercise of the powers under Section 102 of the Insurance Act, 1938, has imposed a penalty of Rs. Five Crore on M/s Policybazaar Web Aggregator Pvt. Ltd. (Now known as "M/s Policybazaar Insurance Brokers Pvt. Ltd.") along with direction, advisory and...
AON and Willis make key appointments in India
Aon has appointed Sushant Sarin as Head of Strategy and Commercial Risk Solutions for India while Willis, a business of WTW, announced the appointment of Azad Kumar as Growth Leader of Energy, Construction and Marine in India. Mumbai: Two large overseas re/insurance...
Insurance JVs between Generali and Central Bank unveil a new brand
Rob Leonardi, Asia Regional Officer, Generali, said, “India has long been a strategic market for Generali and our joint venture with the Central Bank of India reflects the potential we see today and for the future. The synergies between our two organisations are...