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1 June renewals: Rate moderation continues, with nuanced shifts across towers, reports Howden Re
The 1 June 2025 renewal reflects a market transitioning from disruption to disciplined recalibration. Whilst rate moderation continued, underwriting rigour persisted, especially in structurally challenged layers LONDON: Howden Re expected a continued moderation in...
India poised to remain fastest growing major economy in FY26: RBI
The RBI flagged global financial market volatility, geopolitical tensions, trade fragmentation, supply-chain disruptions and climate-induced uncertainties as factors posing downside risks to the growth outlook and also upside risks to the inflation outlook. Mumbai:...
No eviction under Senior Citizens Act unless gift deed conditions violated: HC
The bench, however, suggested an exception where the senior citizens or the parents have executed a gift deed, or otherwise, in favour of somebody on the assurance that he would take care of him but after the gift deed, he fails to fulfil his assurance. Lucknow: The...
Iranian man pleads guilty in US to 2019 Baltimore ransomware attack
Iranian-linked hackers have also targeted U.S. critical infrastructure under the guise of ostensibly independent personas, such as the November 2023 defacement of water treatment equipment in Aliquippa, Pennsylvania, by a group called Cyber Av3ngers An Iranian...
Emerging Talent Trend: Skills to succeed in a changing insurance industry
In US insurance industry, data scientists are emerging as the fastest-growing segment,reflecting the industry’s shift toward technology and analytics-driven decision-making. The Shin Research study, released by the International Insurance Society(IIS), aims to provide...
Mud and rock bury Swiss village after glacier collapse, one person missing
"We've lost our village," Matthias Bellwald, the mayor of Blatten told a press conference after the slide. "The village is under rubble. We will rebuild." GENEVA: A huge chunk of a glacier in the Swiss Alps broke off on Wednesday, causing a deluge of ice, mud and rock...
RBI to continue with supervisory measures for early risk identification
The central bank would also focus on enhancing cyber resilience and capabilities of Supervised Entities (SEs) by implementing the recommendations of the inter-regulatory Working Group, which has uniform baseline cybersecurity guidelines for financial entities, RBI...
Tokio Marine Group sets up a new unit to support green biz
Tokio Marine GX (TMGX) will offer up to $500 million on any single risk and is committed to becoming a prominent lead underwriter, applying decades of knowledge to ensure profitable and sustainable capacity through the green transition London: Tokio Marine Holdings,...
Sitharaman directs PSU general insurers to adopt AI-driven claim settlement systems swiftly, safeguard profitability
Finance minister Nirmala Sitharman chaired a review meeting of six Public Sector General Insurance Companies (PSGICs) in New Delhi today The importance of robust underwriting practices and portfolio optimisation was also highlighted by the FM with instructions to...
General re/insurers to spend Rs 400 cr over next 3-4 yrs in nationwide awareness campaign, Life insurers to follow soon
From L to R-Tapan Singhel, MD&CEO, Bajaj General Insurance, Mayank Bathwal, MD & CEO, Aditya Birla Health Insurance, Anuj Tyagi, MD & CEO, HDFC Ergo General Insurance at Shanai Ghosh, CEO & MD, Zuno General Insurance at at event in Mumbai to launch...
Digital platforms have most problematic ads betting real estate cos most violative ASCI
Over two-thirds of the potentially violative ads on the digital platforms were sponsored ads on social media platforms, while 32 per cent of the digital ads relate to claims on companies' own websites and social media accounts, it said Mumbai: Digital platforms...
E-commerce platforms must comply with guidelines on ‘dark patterns’: Food Minister Pralhad Joshi
E-commerce players need to submit an audit report to the department of consumer affairs. He said a joint working group will also be set up for effective implementation of the guidelines and curb this unfair trade practice. New Delhi: Union Food and Consumer Affairs...
Royal Sundaram appoints Vedanarayanan Seshadri as its new MD
. Vedanarayanan Seshadri (Veda),MD&CEO, Royal Sundaram General Insurance This is the first time a CEO of a broking company has been appointed as a MD&CEO of a general insurance company. Veda, brings over 30 years of BFSI sector experience, including 15 years...
Axis Max Life MD & CEO Prashant Tripathy to step down on Sep 30
Prashant Tripathy,,MD and CEO,Axis Max Life Insurance The Board of Directors will initiate the process to identify his successor New Delhi: Axis Max Life Insurance on Wednesday said its MD and CEO Prashant Tripathy will step down with effect from September 30....
Earth’s average temperature for 2025-29 likely to exceed 1.5 deg C limit: WMO
The report also said there is a 70 per cent chance that the average temperature for the entire five-year period will be more than 1.5 degrees higher than the 1850-1900 average. There is a 70 per cent chance that the average global temperature for the 2025-2029 period...
LIC shares jump nearly 9 pc post Q4 earnings
LIC on Tuesday posted a 38 per cent increase in net profit to Rs 19,013 crore in the fourth quarter ended March 2025 helped by lower expenses. New Delhi: Shares of state-owned insurer Life Insurance Corporation of India (LIC) on Wednesday surged nearly 9 per cent...
Promoting Mental Wellbeing: Investing in APAC Youths
Research shows that approximately half of all mental health conditions emerge by age 14, with 75% developing in the following decade. Among adolescents, mental health conditions now account for 15% of the global health conditions — a ratio significantly intensified by...
Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets
The tentative agreement would allow require Boeing to contribute $444.5 million to a fund for families of victims killed in the crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019, according to the filing. Boeing also would...