Girija Subramanian, CMD, NIA, explained that while seamless digital...
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Govt assessing impact on financial entities if war breaks out in Middle East: DFS Secy
M Nagaraju,Secretary , Department of Financial Services In the...
Swiss Re to acquire QBE’s Global Trade Credit and Surety business
Ivan Gonzalez, CEO of Swiss Re Corporate Solutions, said: "This...
Sebi asks RAs, IAs to disclose most important terms, conditions of services to clients
Research analysts and investment advisers cannot guarantee profits or risk-free investments. Any investment is subject to market risks. Also, Sebi asked investment advisers (IAs) to include MITC in investment advisory agreements with clients. They must clarify that...
DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy
Union Finance Minister Nirmala Sitharaman is launching Mutual Credit Guarantee Scheme for MSMEs in Mumbai on Monday Govt asks private life insurance companies to increase the free look period for policyholders from one month to one year. The Centre is working on more...
Willis and Global Parametrics deliver new parametric solution to coffee farmers in Vietnam
If the rainfall dips below predefined values, the insurance is triggered and the farmers receive timely payouts without the need for lengthy claims processes or on-the-ground assessments Singapore: Willis, a WTW business, and Global Parametrics today announced the...
Strong earthquake tremors shake Delhi-NCR, no casualties reported
Despite the tremors lasting only a few seconds, their intensity was sufficient to unsettle residents, prompting many to rush out of their homes as a precautionary measure. While the earthquake caused widespread panic, there have been no immediate reports of casualties...
Bima Manthan:IRDAI asks insurers to strictly focus on claim settlement, zero-tolerance to non-compliance of regulations
Debasish Panda, chairman,IRDAI Distribution reforms in the pipeline were discussed which aim to empower individuals in the space of insurance intermediation through measures to enhance performance and productivity of the distribution channels, training and capacity...
Convex enters Lloyd’s with Syndicate 1984
Syndicate 1984 will be led by active underwriter, Jacqueline Wiffen, UK CUO for insurance at Convex, and has an initial target to underwrite £150m of gross written premium in 2025 London: Convex Group Limited (“Convex”), the international specialty insurer and...
Centre warns telcos of fine up to Rs 10 lakh over failure to curb spam
“To make the complaint process simpler and more effective, it has been mandated that if a complaint made by a customer contains bare minimum essential data such as number of the complainant, number of Sender from which the Spam/UCC has been received, date on which...
Govt says Russian oil suppliers must provide sanctions-compliant cargoes
Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. "We don't want to take risk. We are not going to touch any cargo that involves sanctioned entity or ships in the...
Sebi seeks greater access to social media records to curb market violations
In its latest letter sent last week, Sebi said companies such as Meta Platforms's WhatsApp have denied the regulator access to its social media group chats as the current information technology law does not identify the capital markets watchdog as an 'authorised...
EU to review corporate liability under Europe’s toughest ESG Law
Plans to cut reporting requirements — especially for small and medium-sized companies — have been well-flagged, but officials are now also looking at ways to ease rules that require firms to clean up their value chains under the Corporate Sustainability Due Diligence...