The plaintiffs say they developed non-Hodgkin lymphoma and other...
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Rising civil unrest pushes up SRCC(strikes, riots and civil commotion) claims globally
Claims tied to SRCC — strikes, riots and civil commotion — are...
Spain’s Map Re receives approval for its branch office in India’s GIFT City
“The authorization to operate in India means we’ll be even closer...
Public-private insurance programmes must boost risk reduction to keep disasters insurable:Geneva Association
Jad Ariss, managing director of the Geneva Association, said, “Public-private insurance programmes can’t just be passive shock absorbers that pay out after disaster strikes. To remain viable in a world of escalating risks, they must become resilience engines –...
GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %
Hitesh Joshi, acting CMD, GIC Re. said,```Our strategy is focused on leveraging our risk selection capabilities to drive profitable, high-quality growth. Going forward, the Indian general insurance (non-life) sector is expected to grow at more than 8 per cent in...
In a competitive pricing environment, SCOR grows its P&C portfolio selectively, seizing profitable opportunities while maintaining a strong underwriting discipline. During the January 2026 P&C renewals, SCOR delivers EGPI1 growth of 4.7% for traditional...
Insurance rates in India, Middle East and Africa decline in Q42025: Marsh’s Global Insurance Market Index
Property rates in India experienced decreases between 15% to 25%.Catastrophe-exposed and high-hazard sectors (chemical, food, waste, recycling) faced declines of up to 20% in India; insureds in other regions generally saw declines of 10% to 15%.Cyber insurance rates...
Zurich Insurance set to take over Beazley for $11 billion
Beazley’s board “has concluded that the financial terms of the proposal are at a level that it would be minded to recommend” to its shareholders, according to the joint statement. “Zurich looks forward to commencing its confirmatory due diligence on Beazley and...
Space Insurance:Govt prepares policy framework for covering 3rd party damages due to Indian Space Objects
A draft “Policy framework and guidelines addressing State’s Liability towards third party damages arising due to Indian Space Objects”, is presently undergoing various consultations, which envisages, among others, the third-party liability insurance to be maintained...
Pradhan Mantri Fasal Bima Yojana: Losses by wild animals as add on cover allowed at cost of state government
The Pradhan Mantri Fasal Bima Yojana (PMFBY), introduced in the country from 2016-17 is providing comprehensive risk insurance against crop damage due to non-preventable natural risks from pre-sowing to post-harvest for the crops/areas notified by the concerned State...
Budget 26-27:Ensuring macro stability, policy clarity and gowth opportunity
As India moves confidently towards its vision of Viksit Bharat, with right policy support,the insurance sector is committed to partnering in this journey protecting people, supporting businesses, enabling infrastructure, and building a more secure and resilient nation...
Budget 26-27:Builds assets, de‑risks infra, broadens growth and removes operational bottlenecks
Girija Subramanian, CMD, New India Assurnace The government is strengthening the demand side of general insurance business by ensuring that the “Make in India” and biomanufacturing push translates into valuable physical and digital assets that simply cannot afford to...
Budget-26-27: Tax holiday for GIFT City businesses doubled to 20 years
`Post the expiry of tax holiday period, the business income shall be taxed as the lowest rate of 15%. This is a shot in the arm and provides great certainty for clients looking at setting up their base in GIFT City (including for all the global reinsurers,fund...