Blackstone owned Ace Insurance Brokers has made three senior level...
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95 pc families of AI 171 crash received interim compensation, says Air India CEO
About 70 of the families have also received the ex gratia payment...
Tankers rate hit new high amid US sanctions
Figures from analytics firm Kpler suggest that close to 48 million...
Houthis attack four ships in Indian Ocean, Red Sea
In March, the group's leader said the group was expanding its attack area to prevent Israel-linked ships from passing through the Indian Ocean toward the Cape of Good Hope Yemen's Houthis said they targeted the MSC Orion container ship in a drone attack in the Indian...
Nearly half of China’s major cities are sinking, researchers say
Subsidence already costs China more than 7.5 billion yuan ($1.04 billion) in annual losses, and within the next century, nearly a quarter of coastal land could actually be lower than sea levels, putting hundreds of millions of people at an even greater risk of...
Insurance Development Forum commits $ 900,000 for risk modelling
``2023 witnessed significant progress across all three pillars – implementation, engagement, and advocacy – fuelled by the trust and dedication of our partners. 2024 presents the opportunity to do much more, and we believe that by acting together as a global community...
States, UTs urged to link ABHA IDs with health portals: Health Secretary
As per the Ayushman Bharat Digital Mission (ABDM) dashboard, total ABHA IDs created in the country as on April 3, 2024 is 5,894.60 lakhs, Health Secretary Apurva Chandra said Under the ABDM, citizens can create their ABHA numbers, to which their digital health records...
Houthi leader vows to continue maritime attacks, calls Indian Ocean ‘new theatre of confrontation’
Al-Houthi also claimed that his group had attacked 102 vessels linked to Israel since the onset of the Israel-Hamas conflict on October 7, 2023, adding that "successful strikes against Israeli-affiliated ships, occurring at a rate of approximately one every two days",...
6th Bima Manthan: Panda and insurance CEOs brainstorm on Bima Trinity, new products and data
Debasish Panda,chairman,IRDAI The industry's preparedness for transitioning towards Risk-Based Supervision, Risk Based Capital frameworks and convergence to International Financial Reporting Standards (Ind-AS) took center stage of the latest Bima Manthan, with...
BAGIC’s net profit jumps 18% to Rs 380 crore in Q4FY24
BAGIC’S underwriting loss stood at Rs 76 crore for 04 FY24 as compared to a loss of Rs 2 crore in 04 FY23.The insurer’s combined ratio stood at 101.6 per cent in Q4 FY24 over 97.3 per cent in 04 FY23. Pune: Bajaj Allianz General Insurance...
Russia reinsurer backs firms to get India marine insurance permit
Russian companies Sogaz Insurance, Alfastrakhovanie, and VSK Insurance, have joined Ingosstrakh as insurers approved by India for providing marine insurance cover, an order posted on Indian shipping regulator's website showed "With the backing of the Russian National...
Invest in disaster resilience today for safer tomorrow: Indian PM Modi
"Earthquakes destroy houses, making thousands of people homeless. Natural disasters can disrupt water and sewage systems, putting the health of people at risk. Some disasters can impact energy plants, leading to potentially dangerous situations. These things have a...
Bima Manthan: Panda to address 2-day summit of industry CEOs on Thursday in Hyderabad
Debasish Panda, chairman, IRDAI Narendra Modi led NDA government has identified insurance reforms, like composite license, 100 per cent FDI and allowing Captive insurance, high on its first 100-days agenda if it returns to power. The IRDAI has to prepare industry's...