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Govt working on amendments to Actuary Act, 2006: DFS official
Debasish Prusty, Additional Secretary, DFS, Ministry of Finance Institute of Actuaries of India(IAI) launched its job portal , a dedicated platform designed to connect actuarial professionals and talent with relevant career opportunities, while strengthening...
Two vessels with 22 Indians on board hijacked by pirates in Yemen, Somalia
"As reported by Recruitment and Placement Service Licence (RPSL) agency - S K S Krishi Marine Services (Opc) Private Limited, six armed pirates are presently onboard the vessel and have taken control of the vessel," a senior shipping ministry official said on Friday...
Retirement Planning:Achieving financial freedom
Retirement planning is about far more than simply building a corpus for the future. It requires a holistic approach to navigating life’s key milestones along the way, whether funding a child’s education, creating memorable family experiences, or enhancing one’s...
China’s insurance sector likely to see modest growth in 2026:Fitch
Government and regulatory initiatives continue to support demand for motor insurance and selected non-motor lines. Non-life insurers should maintain stable operating performance through disciplined underwriting, pricing improvements and cost controls, despite modest...
Insurance sector set for stronger year as life, health insurers post robust growth: Kotak
Non-life insurance growth is likely to remain moderated as weakness in commercial segments, particularly fire insurance, weighs on overall premiums, according to Kotak Institutional Equities New Delhi: India's non-life insurance industry is expected to see continued...
Breaching Expense Limits: IRDAI bars Acko General and Niva Bupa from opening new branches for 6 months
In both the cases, the insurers failed to comply with limits on expenses of management, which comprises operating costs and commissions paid to agents and distributors, during fiscal year 2024-25, as per the IRDAI statement.Expenses for health insurers should...
Health Insurance: Rising adoption, but customer experience not keeping pace
Hansa Research report, on the Indian health insurance industry, highlights a growing gap between rising health insurance adoption and customer experience, with industry net promoter score declining from 55% to 50%. Tata AIG leads the rankings, followed by ICICI...
8th Health Insurer: Prudential Health India commences operations
Naveen Tahilyani, Regional CEO, Indonesia, Malaysia, the Philippines, India, Africa; Group Agency and Health, Prudential plc, said: “India is a strategically important market for Prudential, with strong macroeconomic fundamentals, rising demand for healthcare, and...
Hormuz traffic slows as uncertainty over waterway persists
Traffic slowed further at the other major Middle East waterway, the Bab el-Mandeb strait.A total of 27 commodity vessels passed through Bab el-Mandeb on Wednesday, down from 32 on Tuesday, Kpler data showed.Some vessels may be sailing through the waterways with...
LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%
The approval would give LIC the option to significantly increase its ownership in the private sector lender, subject to the applicable regulatory and statutory requirements Mumbai:Life Insurance Corporation of India (LIC), India's largest insurance company, has...
Dutch e-commerce investor Prosus to invest $100 mn in Sachin Bansal’s Navi
Sachin Bansal, founder, Navi The investment values Navi at about $1.3 billion. At present, Navi offers loans, insurance, mutual funds, and UPI payments. Mumbai: Sachin Bansal-promoted Indian fintech startup Navi said on Wednesday it will raise $100 million from Dutch...
Munich Re acquires US based cyber insurtech At-Bay for $575 million
The acquisition is a strategic move to strengthen Munich Re’s and HSB’s position as a leader in the cyber market by combining insurance with proactive risk mitigation and a state-of-the-art technology platform. It also positions the company for greater access to a...
Wall street leans on Insurance Pools for $16 billion Kuwait deal
Blackstone Inc., Brookfield Asset Management Ltd. and KKR & Co. opted for insurance-backed financing for the debt portion of the landmark deal. The decision points to the growing role of insurers as providers of long-dated capital for infrastructure assets, whose...
Sitharaman asks public sector banks to focus on youth; provide cool, simple banking to suit their needs
Finance Minister Nirmala Sitharaman Sitharaman also pointed to the perception gap between public and private sector banks among younger customers, saying private banks appeared to have an image of being banks that were "cool enough as well", and urged PSBs to keep...
Meta faces 29-state trial that could reshape Instagram and Facebook
The trial will test the four states’ allegations that Meta designed Facebook and Instagram to be addictive to children and teens and misled consumers about the safety of the platforms for young users. It will also address the claims of all 29 states accusing Meta of...
Prudential gets CCI nod to acquire 75 pc stake in Bharti Life Insurance
In May this year, UK-based Prudential plc announced that it would acquire a majority 75 per cent stake in Bharti Life Insurance for Rs 3,500 crore from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management. New Delhi:Fair trade regulator CCI on Tuesday cleared the...
Healthcare delivery capital-intensive, hospital tariffs only tip of iceberg: NATHEALTH
The Parliamentary committee had observed with concern the widening cost disparity between public and private healthcare, noting that private hospitalisation averages Rs 50,508 compared to Rs 6,631 in public facilities, saying such huge disparity has triggered a...
Govt proposes 5-yr age extension for EVs, hydrogen, CNG commercial vehicles
Under the proposed changes, the existing age limits of 12 years and 15 years for vehicles covered by the national permit system would be extended to 17 years and 20 years, respectively, for battery, hydrogen and natural gas vehicles, it added. New Delhi: The...