Neerja Kapur, CMD, NIA ``The company continues to focus on...
Category:
Non-Life
Latest
Ukraine announces ‘humanitarian corridor’ for ships stuck in Black Sea ports
Shipping and insurance sources familiar with Ukraine said they were...
GIC Re net profit rises 6.1% to Rs 732 crore in Q1, further sheds loss making business
Devesh Srivastava, CMD, GIC Re ``Profit is the only embedded...
Chinese researcher claims first gene-edited babies
The researcher, He Jiankui of Shenzhen, said he altered embryos for seven couples during fertility treatments, with one pregnancy resulting thus far. He said his goal was not to cure or prevent an inherited disease, but to try to bestow a trait that few people naturally have — an ability to resist possible future infection with HIV, the AIDS virus.
India Inc increasing focus on employees’ emotional and financial wellbeing:Willis Towers Watson
The study found that in 2018, over 80% of the organisations have taken at least one action in the following areas – health risks or condition management; weight management, physical activity and nutrition; and, managing employee stress and mental health. While 61% have taken at least one action to improve the financial wellbeing of employees in 2018, it is a concern that almost half of the surveyed organisations still do not have a formally articulated health and wellbeing strategy.
Allianz receives approval for China’s first fully-owned foreign insurance holding co
The company – Allianz (China) Insurance Holding Company Limited – will be China’s first-ever wholly-owned insurance holding company by a foreign insurer, and will be based in Shanghai.
Air pollution affects life expectancy worse than smoking, terrorism: Study
According to the new Air Quality Life Index (AQLI), developed by researchers at University of Chicago in the US, particulate air pollution cuts global average life expectancy by 1.8 years per person. The AQLI reveals that India and China, which make up 36 per cent of the world’s population, account for 73 per cent of all years of life lost due to particulate pollution.
Indian automotive aftermarket may touch Rs 75,000 cr by 2020: Report
The states of Tamil Nadu, Andhra Pradesh, Karnataka and Kerala together contribute more than 75 percent of the total aftermarket potential
“The idea of sandbox regulation is good as it allows to introduce new products’’
“I can’t say anything about the time-frame for the merger process to complete. I can only say that a process has started with appointment of a consultant. Definitely the largest general insurer will emerge in terms of market share.Once it happens, the merged entity will be the largest entity with 31 per cent market share when compared to the 16 per cent market share as being enjoyed by New India Assurance”
Tajinder to head National Insurance, Girish Radhakrishnan to lead United India
Government has not named anybody as the CMD of NIA, though interviews for all the three posts were held on the same day. The post is lying vacant since G Srinivasan retired from the post in July end.
ECGC cuts down its exposure to Gems & Jewellery sector
Geetha Muralidhar,CMD, ECGC said,“Keeping in view the ongoing developments in the sector, when large amount of bank loans have turned into non-performing assets(NPAs) in the sector, we have put our own control system in place. Earlier, we used to provide cover 75 per cent of loans. Now, whenever the export amount the sector crosses Rs 600 crore, our cover comes down to 50 per cent
More than 60% of crops in India remain uninsured,MP, Maha,Odisha,Bihar & UP cause 2/3rd of PMFBY losses: Lloyd’s report
Droughts cause most the widespread damage to crops, particularly as less than 50 per cent of crops in India are irrigated.Property business contributes to around 9 pr cent of Indian non-life premiums (USD 1.9 bn), compared to 16% for crop,said the report.
Safety violations in Indian skies down in 2017
"There are 352 number of violations of safety norms by airlines in 2016 whereas 269 numbers of violations were reported in 2017. Therefore, the number of safety violations has reduced in 2017 as compared to 2016,"Minister of State for Civil Aviation Jayant Sinha told...