Recent years have also seen a growing list of pharma, food, and...
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Facebook users affected by data breach eligible for compensation, German court says
Thousands of Facebook users in Germany are demanding compensation...
Life insurance drives global premium growth as interest rates remain higher for longer, says Swiss Re
Insurance premium growth forecast in real terms...
SC junks PIL raising security concerns of communications through Whatsapp, Telegram
The PIL said that vulnerability in the Android applications violated several fundamental rights, including the right to privacy, right to freedom of expression, right to reputation and dignity, and right to fair investigation and trial, by unauthorised replacement of...
Tokio Marine Group partners with Resilient Cities Network to accelerate investments in urban resilience
The new partnership will see Tokio Marine Group companies provide expertise and support to the Taskforce with a focus on developing commercially viable finance and insurance solutions for project portfolios that enhance climate resilience in more than 100 cities. At...
Govt to probe e-scooter maker Ola Electric over service, product standards
Following a review of Ola's responses, the agency asked BIS to conduct a detailed investigation into the matter, consumer affairs secretary Nidhi Khare said Thursday New Delhi: The Bureau of Indian Standards (BIS) will investigate e-scooter maker Ola Electric's...
India’s Insurance Sector: Robust growth but coverage, profitability challenges prevail
Peeyush Dalmia, Senior Partner, McKinsey & Company, says, "While current growth indicators are promising, the industry has not seen improvement in productivity. Achieving long-term success requires a fundamental transformation in how insurance products are...
India’s toxic smog cuts off visibility in several areas
The minimum temperature in Delhi fell to 16.1 degrees Celsius (61°F) on Thursday from 17 degrees C the previous day, weather officials said. Its pollution ranked in the 'severe' category for the second day in a row, with a score of 430 on an index of air quality...
World already on cusp of 1.5 degree celsius temp rise, finds new research
Every extra increment of heat risks worsening climate impacts like powerful storms and drought. This year is expected to be the hottest year on record, and the EU’s Copernicus Climate Change Service predicts it will also be the first year ever to breach 1.5C of...
Assessing AI: 73% of enterprises have launched AI, 52% of deployments achieving business value, Infosys Survey
Sumit Virmani, EVP and Global Chief Marketing Officer, Infosys, said: "CMOs face the dual challenge of fueling growth in the short-term while articulating the value of their brand investments in the medium term. They recognize AI's, especially generative AI's,...
Bridge Specialty International launches with the rebrand of Lonmar Global Risks
Bridge Specialty Group, a global wholesale and specialty insurance brokerage, has announced plans to unify its London-based businesses Lonmar Global Risks, Decus Insurance Brokers and BdB Limited under Bridge Specialty International. Bridge Specialty International...
IRDA asks general insurers not to report premiums and commission for long term policies at one go
``Currently, only long-term Motor Third Party (TP) premium is booked annually and commissions also paid annually. Otherwise, the entire premium for other long-term policies such as Fire policies for dwellings, Engineering policies for projects, Janata Personal...
Max Life integrates Swiss Re’s ‘Digital Health Underwriting’ solution to elevate the customer onboarding experience
Swiss Re’s DHU solution automates technical underwriting, using advanced technology to analyze multiple stacks of medical records and lab results concurrently. By providing real-time underwriting decisions and faster turnaround times, the solution enables more...