The source said the evidence, including the cockpit voice recorder,...
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What’s in the EU’s 18th sanctions package against Russia?
Central to the package is a lower price cap on Russian oil – a move...
Private sector general and health insurers record higher underwriting losses in FY 25
Led by Tata AIG General insurers, which had an underwriting losses...
IRDAI approves 8 new insurance players, final licenses soon: Chairman
`Debasish Panda, chiarman, IRDAI The industry has now 56 primary players and 12 foreign reinsurers ``We would like to have many more players including micro insurers, insurtechs, niche and differentiated players who can operate with a much smaller capital and...
Asia-Pac air passenger demand lags rest of the world at 17pc, India is at 70pc
The steps IATA suggested governments take include lifting the mask mandate for air travel and removing quarantine and COVID-19 testing requirements for unvaccinated travellers where there are high levels of population immunity, which is the case in most parts of Asia....
III and Thailand Insurance Institute sign MOU for nurturing professionals
Both the institutions look forward to working together in the area of risk management and insurance learning, development of course material, certification/ accreditation through conduct of examinations and spreading insurance awareness through capacity building as...
DXC Technology, Lloyd’s and IUA extend contract to support transformation of London Insurance Market
`` With the Future at Lloyd's transformation, we will transition to a single platform that will provide automated processing and accounting for the market, leading to a substantial reduction in operating costs, and providing customers with a much faster, better...
Losses from Sri Lanka’s riots manageable for insurers: Fitch
``We believe gross losses from the riots are likely to exceed LKR1 billion. However, NITF’s net loss will be limited to this amount due to the protection provided by its excess of loss reinsurance cover. We expect NITF to have sufficient liquid assets to meet its...
With 74.30% Combined Ratio, GIC Re logs a record underwriting profit of Rs 2,314 crore in Q4 FY 2021-22
Devesh Srivastava, CMD, GIC Re announcing company's results at a press conference in Mumbai on Friday The reinsurer had a record net profit of Rs 1,795 crore during Q4 FY 2021-22 as compared to a loss of Rs 28.48 crore in the year ago period Indicating GIC Re's...
Verisk appoints Lee M. Shavel as CEO, Mark V. Anquillare as President
Shavel and Anquillare have been architects and drivers of Verisk’s growth, increased efficiency and an innovation agenda that has helped the insurance industry successfully turn data into actionable insights and accelerate its digital transformation JERSEY CITY, N.J:...
UK’s Howden takes full control of its Indian broking JV, looks for acquisitions
Praveen Vashishta, chairman, Howden India ``We want to be a Rs 200 crore company in our India operations in couple of years and have put in place right growth strategies supported by talents and technologies,'' said Praveen Vashishta, chairman of Howden India adding...
Govt to implement new 3rd party Motor insurance premium from June 1
The general insurers are eagerly waiting for the final notification of the Motor TP rates as they have not been allowed to raise the rates for the loss making portfolio during last two years by the insurance regulator IRDAI due to the Covid-19 Pandemic A discounted...
NOAA predicts above-normal 2022 Atlantic Hurricane Season
The increased activity anticipated this hurricane season is attributed to several climate factors, including the ongoing La Niña that is likely to persist throughout the hurricane season, warmer-than-average sea surface temperatures in the Atlantic Ocean and Caribbean...