Public sector insurers saw their premium income fall by 1 per cent...
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Constructive collaborations and client centricity will be key to successful negotiations
The rebound in the ILS market in 2023 has seen it now contributing...
Global fears are feeding demand for re/insurance: Lloyd’s CEO
John Neal,Chief Executive Officer,Lloyd’s of London Rising...
Govt mulling use of nitrogen filled tyres, silicon-mixed rubber to help reduce accidents
Gadkari said the central government has prepared a Rs 14,000 crore plan for preventing road accidents that could help save precious lives.
CCRIF & World Bank issue first parametric fisheries insurance
The COAST insurance policies provide coverage for fisherfolk and other players in the fisheries industry to enable them to recover quickly after weather-related events. Initial funding for COAST has been provided by the U.S. State Department.
British Airways faces record $230M fine for data breach under new GDPR Rules
The attack involved traffic to the British Airways website being diverted to a fraudulent site, where customer details such as log in, payment card and travel booking details as well as names and addresses were harvested, the ICO said.
Canopius hires 4 in APAC growth drive
The appointments support Canopius’ ambition to expand in the Asia Pacific region by targeting a combination of SME business via coverholders and wholesale direct and facultative.
Massive earthquake hits California, towns survey damage amid 1700 aftershocks
There had been about 1,700 aftershocks since the Thursday quake, which was a bit higher than average, said Zachary Ross of the California Institute of Technology.
“An event of this size is going to keep producing aftershocks for years but the rates are going to decay with time,” Ross said.
Budget 2019-20 pushes for electric vehicles
The Niti Aayog has recently moved a note to the Finance Ministry calling for the scrapping of all fossil fuel based vehicles by 2030. Most auto manufacturers are up in arms as they feel that a big shift in a short span of time would be too disruptive and tumultuous. Especially, in the current situation, auto companies do not have the capacity to take up such investments.
Insurers hail “Growth Oriented” Budget 2019-20
However, Karthik Srinivasan,senior vice president and group head, financial sector ratings,ICRA Ltd, said the absence of any capital infusion plan for the public sector general insurance companies, most of whom require capital to avoid breaching regulatory solvency ratio
Budget 2019-20 allows 100 % FDI in insurance broking
“The FDI limit from 40 per cent to 100 per cent is has been done to encourage higher overseas investment into the country,’’ said Sitharaman while presenting Budget 2019-20 in the Lok Sabha ,
Health Sector to get Rs.62,398 crore, Rs. 6,400 Crore for Ayushman Bharat
Rs. 249.96 crore has been allocated for setting up Ayushman Bharat Health and Wellness Centres under the National Urban Health Mission to provide comprehensive primary care close to the community, while Rs. 1,349.97 crore has been earmarked for setting up health and wellness centres under the National Rural Health Mission.
Rs 14,000 crore allocated for Pradhan Mantri Fasal Bima Yojana in 2019-20
Launched early 2016, farmers pay a very nominal premium and get a full claim for the crop damage.The PM Fasal Bima Yojana a major initiative towards farmers, for them to feel secure against natural calamities at the time of sowing.