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NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital...
2.51 lakh UP farmers receive Rs 285 crore compensation: Adityanath
Yogi Adityanath, Chief Minister,Uttar Pradesh Addressing a...
Truecaller partners with HDFC ERGO for Fraud Insurance in India
Alan Mamedi, CEO, Truecaller commented, "Despite offering the world's best caller identification and fraud protection services, some of our users unfortunately can become victims of criminal fraud. We want to be able to offer peace of mind by protecting our users...
Ayushman Bharat health scheme to provide free treatment to all aged above 70 years: Prez
President Droupadi Murmu The Government is going to take yet another decision in this area. Now all the elderly above 70 years of age will also be covered and get the benefit of free treatment under Ayushman Bharat Yojana,' President Droupadi Murmu said while a...
General insurers have to pay GST on any sale of motor salvage by them: Govt
In cases, where the insurance claim is settled on full claim amount, without deduction of value of salvage/ wreckage (as per the terms of the contract), the salvage becomes the property of the insurance company and the insurance company will be obligated to discharge...
14 people killed in landslides, floods and lightning incidents in Nepal
"We recorded a total of 44 incidents on June 26, 2024. In those incidents 14 people have lost their lives, 8 are due to landslide, 5 due to lightning and 1 in flooding. 2 people are still unaccounted for in the incident of landslide while 10 people have sustained...
TATA AIG General Insurance issues largest-ever Rs 100 crore of Performance Surety Bond
Deepak Kumar, senior executive vice president & head - Reinsurance, Credit & Aviation Insurance at TATA AIG General Insurance, stated, "Through this issuance, we are standing by our client to fulfil their contractual obligations throughout the entire tenure of...
80% of Indian marginal farmers suffered crop losses due to adverse climatic events
The findings reveal that the primary causes of crop damage were drought (41 per cent), irregular rainfall including excessive or non-seasonal rains (32 per cent), and early withdrawal or late arrival of the monsoons (24 per cent).Although 83 per cent of them are...
Zurich to increase headcount by 40 % in India
Tulsi Naidu, chief executive officer for Asia Pacific There are opportunities to grow in commercial, small and medium enterprise, assurance, auto and general insurance, Naidu said, noting the business has already recorded growth of 40% “over the past few years.”...
India Inc’s Risk Index: Demonstrating Resilience
Cyber-attack or data breach is considered to be one of the most critical risks faced today. The BFSI sector endeavored to overcome the same by adopting data security measures including database encryption, stricter controls across levels and application of data...
Issuance of cat bonds set to hit a record this year
Catastrophe bonds are generally issued by insurers looking to pass a chunk of their risk over to capital markets. Issuance has picked up lately, with factors including climate change, population density and inflation adding to the potential losses that insurers face....
53rd GST Council- No tax on co-insurance and reinsurance commission, Rs 25,000 crore demand notices on Indian re/insurers revoked
(LtoR)- Sanjay Malhotra, Revenue Secretary, Nirmala Sitharaman, Union Finance Minister and Pankaj Chaudhary, minister of state,Ministry of Finance, at a press meet on Saturday after the 53rd Goods and Services Tax (GST) Council meet in New Delhi Earlier, Indian...