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Led by India and China,emerging Asia will power global growth:Swiss Re
New India Assurance net profit at Rs 530 crore,up 61 % in Q2 2019-20
Atul Sahai, chairman cum managing director,NIA, said, “It is heartening that the company has recorded encouraging results despite a challenging operating environment. These results are despite the company incurring significant losses to its net, to the tune of Rs 335 crores during the quarter due to floods in different parts of the country. There is slow down in motor segment. Provisions towards bad debts and dimunition in value of certain equity investments further impacted profitability by Rs 40 crores in the quarter.’’
GIC Re posts a net loss Rs 486.86 crore in H1 2019-20
Australia braces for another week of Devastating Bushfires
While bushfires have been an important part of Australia’s ecology, some scientists have expressed concern that the season is getting longer. The drought gripping parts of Australia has created hazardous conditions in many regional communities, where some residents have complained that insufficient back-burning has taken place during the winter months, leaving a fuel load of fallen trees and undergrowth.
Ransomware attack hits Mexico’s state oil firm Pemex
Boeing says 737 MAX may start flying in January
Festive buys, new models help PV sales snap 11-month slide in October
Lloyd’s to create single governing body, merging Council and Franchise Board
Cyclone Bulbul makes landfall, 2 dead
Tencent buys 10% of Policybazaar, enters India insurance market
Moody’s cuts India outlook to negative, predicts ‘prolonged slower growth
“A prolonged period of slower economic growth would dampen income growth and the pace of improvements in living standards, and potentially constrain the policy options to drive sustained high investment growth over the medium-to long term,” William Foster, vice president of Moody’s Sovereign Risk Group, wrote in a statement.
Mutual fund AUM rises 7.4% to Rs 26.33 trn in October on high equity inflow
Life insurance sector catching up in terms of innovation
IRDA frames regulations on wellness benefits in health insurance products
Insurers will also ensure that the service providers under wellness / preventive programs have put in place appropriate mechanism to discharge their obligations by offering the agreed services or products under wellness program of every health insurance product. Other than the monetised value of the rewards points redeemed by the policyholders, no payments shall be made by insurers to the third party merchants.
IMF wants govt to be more credible, transparent on fiscal numbers
Facebook employing user data as a weapon against rivals: Report
Underwater volcanic eruption creates new bigger island in Tongan archipelago
Nuku'alofa (Tonga): An undersea volcanic eruption in the Tongan archipelago has sunk one island and created another three times larger, according to a report by geologists released Thursday. Taaniela Kula, of the Tonga Geological Service, said...