Under the new system, cars will be assigned a rating of one to five...
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How satellites are helping farmers adapt to global warming
In ten climate hotspots from Guatemala to Afghanistan, acute hunger...
India faces record low August rains, threatening summer crops
August rainfall, expected to be the lowest since records began in...
Insurers’ Wish-List for the Budget 2019-20
“We are hoping for positive tax benefits in the home insurance area as in the last year we have seen some major calamities and home insurance has certainly gained importance. We are also hoping for some regulatory framework in the healthcare/pharma industries to make insurance a reality for all in India”Rikhil Shah, Chief Financial Officer, SBI General Insurance
PolicyBazaar aims to collect Rs 3,500 crore premium in FY19
Policybazaar.com has backing from a host of high-profile investors including Softbank, InfoEdge (Naukri. com), Inventus Capital, Tiger Global Management, Steadview Capital, Premji Invest, Temasek and Ribbit Capital.
Boeing sees flying cars revolutionizing urban transportation, package delivery
Boeing is working with startup SparkCognition Inc and the U.S. Federal Aviation Administration to develop a traffic-management system for three-dimensional highways, as well as the regulatory framework that will allow waves of autonomous vehicles to zip safely around buildings, the company has said.
Budget may provide Rs 4,000-4.500 cr capital infusion for 3 ailing PSU general insurers
According to sources, the Department of Financial Services sought Rs 4,000 crore in the Budget for fund infusion in three insurance companies — National Insurance Company, Oriental Insurance Company and United India Insurance Company.
Pilot of US-Bangla airline smoked inside cockpit: Reports
The report has pointed to the human discretion and the natural factor that contributed for the downing of the aircraft
PIMCO launches new Insurance-Linked Securities business in partnership with Allianz
PIMCO will work in partnership with its parent, Allianz, to source global catastrophe risk in the form of collateralized reinsurance and other structured investments, while maintaining independent underwriting and portfolio construction procedures. This differentiated approach will also give PIMCO the flexibility to source risk from the open market in an effort to deliver attractive risk-adjusted returns for clients.
SBI Gen profit at Rs 89 cr, up 53%, records u/w profit of Rs 49 cr in Q3 FY 2018-19
With a valuation of Rs 12,000 crore at the end of Q2 FY 2018-19, the company’s share price has gone up to Rs 84 in Q3 2018-19 from Rs 60 in Q2 2018-19.,
SBI General is planning to float an IPO during the fourth quarter of FY 2019-20
Govt may target disinvestment in the merged PSU insurer in 2019-20
The government has proposed merging three state-owned general insurance companies — National Insurance, Oriental Insurance and United Insurance – and then listing the single entity.
Mathur Panel favours health insurance claim payments in installments
The IRDAI had constituted the Mathur panel as earlier,various general/ health insurance companies had proposed to provide an option for payment of claim benefits in respect of Personal Accident (PA)/ Benefit Based Health insurance policies in installments.
Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 – Aon report
Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record. This means the protection gap, which is the portion of economic losses not covered by insurance, was 60 percent and at its lowest level since 2005.