Demand for Political Violence and Terrorism cover has risen...
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Insurtech startup Plum nets $20 million in Peak XV-led Series B round
The Bengaluru-based company plans to use the fresh capital to...
Chaucer and Ceto launch Lloyd’s marine MGA, integrating real-time vessel data into underwriting
With the global fleet now averaging more than 22 years of service,...
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...
AI171 crash probe: AAIB assessing various aspects; nothing has been ruled out, says source
All aspects related to technical, operational, organisational and human factors are being looked into, and it is a very complex process. Certain components of the aircraft are also being examined by AAIB, the source said New Delhi: The Aircraft Accident Investigation...
SCOR strengthens cyber capabilities by partnering with Baobab Insurance
SCOR has partnered with German digital risks MGA Baobab Insurance to expand the capacity on Baobab’s “CyberSafe” offering, which provides companies with preventive and ongoing protection against cyber risks Paris:The SCOR Syndicate at Lloyd’s has extended the...
India’s vast internet, social media apps market
Alphabet and Meta do not officially disclose country-specific figures, but DataReportal pegs YouTube users in India at 500 million, Facebook 403 million, Instagram at 481 million, and Snapchat at 213 million. Bengaluru:India is one of the most critical growth markets...
Economic Survey 2025-26:Towards a healthy India
Obesity is rising at an alarming rate and is today a major public health challenge in India. Driven by unhealthy diets, lifestyle changes, including sedentary lifestyles, increased consumption of ultra-processed foods (UPFs), it is affecting people across all age...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...
Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for providing the cover to the business aircraft by ceding manadatory four per cent to state owned GIC Re along with a treaty policy wth Munich Re The Learjet 45 (LJ45), a mid-size business jet aircraft produced...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for Nvidia and a professor of earth system sciences at the University of California, Irvine, said that one of the practical business applications of the new weather models will be in the insurance industry....
Budget 26-27:Repositioning general insurance as essential economic and social infrastructure
Significant focus on insuring houses and SME/MSMEs is also critical to ensure that the asset and lifestyle creation of India is not at risk due to physical or economic volatility. With rising climate linked events, rapid urbanisation, and increasing asset ownership...
IRDAI’s mandatory online Reinsurance Exchange begins on Apr1, to include brokers, offline payment
This innovative system, with a view to transforming India’s reinsurance landscape, brings together all key stakeholders (Cedants(insurers) , Intermediaries and Reinsurers) onto a single, unified platform that transforms how reinsurance transactions totalling Rs 1.14...