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Rising ownership costs to hurt India’s commercial vehicle volume growth: Fitch
The ratings agency said increasing regulatory requirements,...
Zurich and KPMG collaborate to provide comprehensive climate change advisory services
In this evolving environment, it is increasingly important that...
Nepal Government panel wants mount everest hikers to have experience, insurance
The government is expected to amend its mountaineering regulations following the recommendations.The March-May climbing season is when weather conditions are best for climbing the Himalayan mountain.
Nimeshh Patel appointed as CEO of Wrisk
This appointment comes at a time where Wrisk is gaining traction and facing new demands to take the company to the next phase in its journey.
Floods: Death toll rises to 163 in Kerala and Karnataka; Rains continue in Kerala
Meanwhile, the Karnataka government on August 14 transferred Rs 2,000 to each of the bank account of one lakh farmers as part of its announcement to provide additional financial assistance from the state to the beneficiaries of the Pradhan Mantri Kisan Samman Nidhi Scheme.
Catastrophes cause $44 bn global economic losses in H1 2019,only 42% of them were insured:Swiss Re
Only about 42% of the global economic losses were insured (compared with 52% in the first half of 2018) as several large-scale disaster events, such as cyclone Idai in southern Africa and cyclone Fani in India, occurred in areas with low insurance penetration.
Apr-July passenger vehicle output down 13.2% on Maruti, M&M production cuts
Total Passenger vehicles (PV) production in the April-July period stood at 12,13,281 units as against 13,97,404 units in the same period last fiscal, down 13.18 per cent,Society of Indian Automobile Manufacturers said.
Russian plane crash-lands in field after birdstrike
Russians have said it was a miracle that no one was killed when the Ural Airlines Airbus 321 came down in a field southeast of Moscow with its landing gear up after hitting a passing flock of gulls, disrupting the plane’s engines.
GIC Re’s gross prm rises by 11 % to Rs 20,813, net profit falls by 85 % to Rs 108.60 crore in Q1FY 2019-20
The reduction in the profitability of the company is on account of provisioning of IL&FS and reduction in other income such as exchange gains, said GIC Re.
Rajesh Sud to replace Ghosh at Bharti Enterprises
Rajesh takes over from Soumen Ghosh (Sam) who successfully led and turned around the financial services business. In his new role, Rajesh will lead the Group’s financial services businesses (Bharti-AXA General Insurance and Bharti-AXA Life Insurance) and will also be on the Board of Airtel Payments Bank.
Automobile sales slump 18.7% in July; sharpest decline in nearly 19 yrs
This is the sharpest decline in nearly 19 years, SIAM reported. It said passenger car sales in July were also worst since December 2000 when the segment had declined by 39.86 per cent. Last month, domestic car sales were down 35.95 per cent at 1,22,956 units as against 1,91,979 units in July 2018.
Reliance Industries’ Rs 3,70 trillion enhanced mega risk policy renewed in 2018-19, pays Rs 700 cr premiums
In a bid to support the RIL’s higher insurance cover, the GIC Re, the state owned listed reinsurer,had augmented its capacity for any single risk from Rs 2,500 crore to Rs 3,500 crore in 2018-19.