“India is a true bright spot for insurance growth in the mid-term...
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Saudi Re launches operations in GIFT-City
```We have a national expansion strategy, and that's where we...
DGCA imposes Rs 22.20 crore penalty on IndiGo over December 2025 flight disruption
The committee observed that an overriding focus on maximising...
FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions
The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re, Amandeep Singh Grover, GM, National Insurance Company(NIC) for Oriental Insurance Company(OIC), Anjana Saxena, GM, NIC for OIC, Sanjay Lalla, GM, NIC for Agriculture Insurance Company(AIC), Mini George,...
Passenger vehicle dispatches rise 4 pc, two-wheelers see 17 pc dip in April: SIAM
SIAM Director General Rajesh Menon stated that the auto industry smoothly transitioned to the new regulatory regime of second stage of On-Board Diagnostics (OBD) 2 regulation for two- and three-wheelers from April 2025 onwards, in addition to rolling out E-20...
US SEC chair says agency plans to create new rules for crypto tokens
Paul Atkins, the chair of the Securities and Exchange Commission In remarks made at the outset of a public meeting of the SEC’s crypto task force, Atkins also indicated that the SEC may consider tweaking its rules so that registered broker-dealers with an alternative...
UK’s financial regulator to relax rules for pushing insurance to large companies
The changes aim to better differentiate big corporates from smaller businesses that take out insurance, the Financial Conduct Authority said in an emailed statement on Wednesday. The move would “ease the burden on firms insuring larger businesses that can manage risks...
IRDAI approves Medi Assist’s Rs 311 cr take over of Paramount TPA
Nayan Shah, managing director, Paramount TPA said, ``The IRDAI has granted in-principle approval to both the parties to process with transaction. There will be no impact on day- to- day operation and servicing. All operation, team service , structure , system and...
Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers
It has secured regulatory approval to operate as a corporate agent and will soon begin distributing Health, Life, and General Insurance products on its platform for its customers, said Apollo HealthCo CEO Madhivanan Balakrishnan. All plans will be bundled with...
Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and agreed to prioritize efforts to understand financial risk implications of extreme weather events, the Bank for...
Patrick Tiernan appointed as Lloyd’s CEO
Patrick Tiernan, CEO-designate, Lloyd's “My primary focus will be supporting the commercial success of our market participants while keeping an iron grip on underwriting discipline and safeguarding the financial strength of the Corporation. We will work at pace to...
Govt notifies cashless treatment scheme for road accident victims nationwide
"Any person being a victim of a road accident arising out of the use of a motor vehicle, occurring on any road, shall be entitled to cashless treatment in accordance with the provisions of this scheme," the notification said. NEW DELHI: Complying with the undertaking...
CII releases guidebook on effective adoption governance of AI for board leaders
It encompasses basic concepts related to AI, its use in various business functions, criticality of AI governance and its framework, risks and challenges and its governance and liabilities of directors associated with deployment of AI in businesses. New Delhi: Industry...