IFSCA can set up guidelines for the insurance-linked securities...
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Building Climate Resilience: Strategies for Indian insurance industry
Climate change is a systemic risk that demands a systemic response....
Markel Insurance to sell reinsurance renewal rights to Nationwide
The sale is part of Markel's broader strategy to simplify...
India witnessed 36.29 lakh cyber security incidents since 2019 till Jun this year: Govt
The government is operating an automated cyber threat exchange platform for proactively collecting, analyzing, and sharing tailored alerts with organizations across sectors for proactive threat mitigation actions by them, Union minister Ajay Kumar Mishra said New...
Rising seas are the next crisis for the world’s ports
In the coming years, sea level rise, more intense storm surge and jack-up tropical storms will visit many of the world’s nearly 3,800 ports. Most of those ports are coastal; About a third are located in tropical bands vulnerable to the most powerful effects of climate...
3 emergency landings of international airlines in India in last 48 hours
"We had two emergency landings of foreign operators on Saturday. Air Arabia at Cochin due to hydraulic issues and Ethiopian at Kolkata due to pressurisation issue," said an official In a third similar incident, on July 15, an aircraft of SriLankan airlines made an...
Technical problem forces IndiGo plane to land in Karachi
"IndiGo flight 6E-1406, operating from Sharjah to Hyderabad was diverted to Karachi. The pilot observed a technical defect. Necessary procedures were followed and as a precaution, the aircraft was diverted to Karachi," IndiGo said in a press release New Delhi: Another...
ICICI Pru life posts a net profit of Rs156 crore in Q1FY2023
For Q1-FY2023, the life insurer has registered a 31.6% growth in its Value of New Business (VNB), a measure of profitability of a life insurer. The VNB of the company stood at Rs 471 crore with a VNB margin of 31% Mumbai: ICICI Prudential Life Insurance, the fourth...
IRDAI extends `Use & File’ procedure to Agriculture and allied activities covers
Insurance Regulatory and Development Authority of India (IRDAI) in its continued endeavor to protect the interests of all segments of policyholders and improve the ease of doing business has now extended the ‘Use and File’ procedure to products covering Agriculture...
With 9% growth, India will be the 6th largest insurance market globally in 10 yrs: Swiss Re report
``We forecast that premiums will grow by an average 9% per annum (in real terms) over the next decade, stronger than the 7.5% annual average of 2015–2021. At this rate, India will be the 6th largest insurance market in the world by 2032, ahead of Germany, Canada,...
Science offers basis for national climate damage claims: Study
The United States and China, as the world’s two leading emitters, caused global income losses of over $1.8 trillion each from 1990-2014, while Russia, India, and Brazil caused losses individually exceeding $500 billion each for the same years Warmer temperatures can...
Global insurance premium to surpass $7 trillion in 2022 for the first time: Swiss Re
Among top 10 markets, only three- France, Canada and India(10th largest)- have recorded positive growth in overall premium in 2021 Non-life premiums are forecast to rise by 7.1% in nominal terms in 2022, amounting to $ 4.1 trillion globally by the end of the year Life...
Andhra Pradesh rejoins crop insurance scheme PMFBY from this kharif season
Union Agriculture Minister Narendra Singh Tomar said with this important decision, crops of more than 40 lakh farmers of the state will get insurance cover in case of natural calamity New Delhi: Andhra Pradesh has decided to rejoin the Pradhan Mantri Fasal Bima Yojana...