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Here is a masonry blog layout with no sidebarEU proposes ban on Nord Stream gas pipeline, reduction of oil price cap
EU firms are involved in an array of service provision for Russia that’s legal under the cap at current prices but wouldn’t be at $45. That includes use of the large Greek oil-tanker fleet, as well as insurance and reinsurance that’s provided by different firms across...
Investors find opportunities in Asian high-net-worth clients and retail investors, says Apollo Global Management
Investors in Asia are now considering putting a portion of investment intended for the US into places like India and Australia, due to uncertainties brought on by tariff policies Apollo Global Management Inc. said high-net-worth clients and access to retail investors...
Rise of autonomous vehicles to impact $400 billion US auto-insurance industry, says Goldman Sachs
“Autonomy has the potential to significantly reduce accident frequency longer-term and reshape the underlying claim cost distribution and legal liability for accidents,” Goldman Sachs analysts including Mark Delaney wrote in a June 9 note to clients The rise of...
Hindu Kush Himalayas at greater risk Of landslides, floods this monsoon: Report
While the monsoon is crucial for refilling these rivers, the danger from water-related disasters, such as floods, landslides, storms, heatwaves, wildfires, droughts and GLOFs, is increasing due to the worsening impacts of climate change. New Delhi: There is a high...
R Doraiswamy selected as MD&CEO of LIC
R Doraiswamy, managing director, LIC Among four MDs, Doraiswamy is the second senior most MD among existing four MDs followed by Pant and Patnaik. After getting approvals from the government, he will be getting a term of over three years till August 31, 2028 as...
India’s social security coverage increased from 19 pc to 64 pc in 10 years
According to an official statement, ILO has acknowledged India's achievement and officially published on its dashboard that 64.3 per cent of India's population, i.e. over 94 crore people, are now covered under at least one social protection benefit. It is an...
SBI General Insurance appoints Mohd. Arif Khan as its deputy CEO
Mohd. Arif Khan, deputy chief executive officer, SBI General Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, "His vast experience across diverse banking functions, strong strategic expertise, and deep understanding of the business, will be instrumental...
India’s population to reach 1.46 billion, fertility rate falling below the replacement level of 2.1.
The country's 68 per cent of the population is of working age (15-64), providing a potential demographic dividend, if matched by adequate employment and policy support. New Delhi: India's population is estimated to reach 1.46 billion in 2025, continuing to be the...
ChatGPT suffers global outage including in India, OpenAI ‘investigating’
"We are investigating," said the company. About 88 per cent of complaints from India cited the chatbot not responding to queries, 8 per cent reported issues with the mobile app, and 3 per cent faced API-related problems New Delhi: OpenAI’s popular chatbot ChatGPT...
Beazley hires a new parametric insurance head
Stefan Wunderlich,head of Parametric Insurance Beazley has a long-term commitment to the property market, having trebled the size of its property underwriting since 2022. This commitment has seen it build a strong position in the US E&S market, roll out specialist...
Climate change altering laws of mortgage risk: Fitch
Fitch is now in the process of integrating physical climate risks into credit assessments. The move reflects an evolving concern among ratings firms and regulators alike that climate change is hitting the mortgage market — and the bonds that finance it — in ways that...
UK judge warns of risk to justice after lawyers cited fake AI-generated cases in court
High Court justice Victoria Sharp said the misuse of AI has “serious implications for the administration of justice and public confidence in the justice system.” Lawyers have cited fake cases generated by artificial intelligence in court proceedings in England, a...
FM asks financial sector regulators to standardise KYC, refund of unclaimed assets to rightful owners
Lto R--Ajay Seth, Finance secretary, Sanjay Malhotra, Governor, Reserve Bank of India,Nirmala Sitharaman,Union Finance Minister,Pankaj Choudhary,Union Minister of State for Finance and Nagaraju Maddirala, Secretary, Department of Financial Services at the 29th FSDC...
Dai-ichi Life and Capgemini sign multi-year agreement to establish a GCC in India to drive international digital transformation
Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings "This strategic partnership with Capgemini supports our long-term ambition to build differentiated, internal capabilities through the establishment of our Global Capability Center," said Tetsuya Kikuta,...
Sumit Madan appointed as MD&CEO of Axis Max Life Insurance
Sumit Madan, CDO and CEO designate, Axis Max Life Insurance Sumit had joined Axis Max Life in February 2024 and brings over 25 years of extensive experience in banking establishing and scaling businesses with strategic clarity, people-centric leadership and...
FM asks NIIF to leverage its sovereign-backed design, explore diversified finance sources
Nirmala Sitharaman,Finance Minister The Governing Council appreciated NIIF's evolution as a sovereign-linked asset manager and acknowledged the efforts made over the years to build strong partnerships with marquee investors like Abu Dhabi Investment Authority, pension...
Life insurers record 11 pc rise in new premium collection in April-May
The private sector life insurance industry, led by HDFC Life (with a total premium of Rs 4966 crore), has grown by 12 per cent y-o-y to Rs 20, 411 crore during the first two months of the fiscal. State owned Life Insurance Corporation(LIC) has increased its premium by...
Motor Insurance: Driven by technology
One of the most notable societal benefits of telematics in motor insurance is its ability to influence driving behavior positively. By tracking metrics such as speed, braking patterns, and adherence to traffic rules, insurers can encourage safer driving habits....