The 2025 Global Modeled Catastrophe Losses Report notes a $32...
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TCS expands partnership with European insurer Tryg, signs new Euro 550 mln deal
TCS and Tryg have a 15-year partnership, and the new deal will...
Insurers should learn to innovate using powerful Digital Public Infrastructure platform: New IRDAI chairman Seth
Ajay Seth, chairman,IRDAI ``We see the Accounts Aggregator...
Insurtech Zopper bags Bima Vahak deal, to develop tech platform for selling Bima Vistaar to masses
Zopper has been awarded the project by the Indian insurers, represented by both the councils- General Insurance Council and Life Insurance Council, to create a comprehensive technology platform that can be used by the industry to enroll agents, mainly women, in...
26 crore Ayushman cards created across country: Health ministry
The NHA has launched the 'Ayushman App' to generate Ayushman card. The app has a unique feature of self-verification, which enables users to generate Ayushman card in four steps without visiting any centre, the statement said New Delhi: The Centre's health insurance...
Global economy exposed to $3.5 trillion from major cyber attack: Lloyd’s
“The global interconnectedness of cyber means it is too substantial a risk for one sector to face alone and therefore we must continue to share knowledge, expertise and innovative ideas across government, industry and the insurance market to ensure we build society’s...
Amazon will start testing drones that will drop prescriptions on your doorstep, literally
Amazon says customers will be able to choose from more than 500 medications, a list that includes common treatments for conditions like the flu or pneumonia, but not controlled substances Texas: Amazon will start testing drones that will drop on your doorstep,...
IRDAI asks insurers to fast track Sikkim flood claims
Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: In a bid to expedite general insurance claims in Sikkim, which has...
India among world’s worst countries to work remotely: Report
India’s low position is due to poor results in all four dimensions, primarily because of its digital and physical infrastructure (77) and social safety (74) New Delhi: India ranks 64th among the 108 countries for remote work -- 15 places lower compared to last year --...
AI startup mind foundry helps insurers spot cognitive decline in older drivers
“If a person is over a certain age, their insurance policy is gone, their independence is gone,” Mullins said. “Not all individuals age the same way. Now data can tell us that the person is driving safely. That’s aresponsible use of AI.” Mind Foundry Ltd., an...
Insurtech BimaKavach gets insurance broking license, plans fund raising
In 2022, BimaKavach raised $2 million in a seed round led by WaterBridge Ventures, with participation from Blume Ventures, Arali Ventures, and Eximius Ventures to be utilized for designing new-age business risk covers, investing in proprietary risk management...
India to start monitoring high-risk glacial lakes next year
There are 56 at-risk glacial lakes in India and the urgency to monitor them was stepped up after Lhonak Lake in the eastern Himalayas burst its banks two weeks ago and caused widespread damage in Sikkim, a small mountainous state wedged between China, Nepal and Bhutan...
Howden launches world first insurance innovation hub with £500m of delegated underwriting capacity
As new funding for the global insurtech sector continues to fall following the collapse of Silicon Valley Bank, Howden Ventures has initially committed £10m of new funding to the sector, with a view to support at least five new startups over the next two years London:...