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Parthanil Ghosh appointed as MD and CEO of HDFC ERGO General Insurance
Parthanil Ghosh, MD &CEO designate, HDFC ERGO General Insurance Theo Kokkalas, chairman of the Board of Management of ERGO International AG and Chief Operating Officer of ERGO International said“India is a strategic growth market for us, playing a significant role...
Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report
According to the report, the firm has identified at least 20 active groups on messaging platform Telegram, each with over 100 members, where a toolkit by the name of "Digital Lutera" is being discussed, distributed, and operationalised. New Delhi: Online fraudsters...
Govt undertaking special drive to enable cooperative banks to become insurance distributors: Amit Shah
Amit Shah,Union Minister for Home and Cooperation Under the campaign, in alignment with the goal of Insurance for All by 2047 and to realise the vision of Sahakar se Samriddhi, a special drive has been undertaken by the Ministry of Cooperation to enable Cooperative...
SC allows passive euthanasia for 32-year-old man in coma for over 12 years
Harish Rana suffered head injuries after falling from the fourth floor of a building in 2013 and has been in a coma for over a decade.A bench of Justices J B Pardiwala and K V Viswanathan directed AIIMS to grant admission in palliative care to Rana so that the medical...
Engagement with global stakeholders essential for building a resilient and forward-looking Indian insurance ecosystem:Seth
“Engaging with international stakeholders allows us to better understand global perspectives,share our regulatory approach and better align with evolving market dynamics,” Seth said while addressing a virtual engagement organised by the IRDAI, in collaboration with...
Shriram General Insurance launches Shri Health Suraksha 2.0
Shriram General Insurance Company (SGI) today announced the launch of Shri Health Suraksha 2.0, an enhanced health insurance suite engineered for greater flexibility and "all-inclusive" protection.Key Features of Shri Health Suraksha 2.0:Automatically restores the sum...
Looking to help exporters at insurance front to deal West Asia crisis: Goyal
``We are looking for developing some new schemes like insurance support… We are consulting ECGC (Export Credit Guarantee Corporation) and other departments on that," Commerce and Industry Minister Piyush Goyal NEW DELHI: Commerce and Industry Minister Piyush Goyal on...
Wedding Insurance:Securing bride’s dream day
In 2024–25, the average Indian wedding cost has risen to nearly ₹30–35 lakh, with families embracing multi-day functions, couture fashion, and immersive décor and destination venues. Financial mindfulness is becoming a natural part of wedding preparation, ensuring...
Indian Non-Life Insurance Industry:Poised for significant growth in FY2026 & beyond
Notwithstanding geopolitical tensions and external headwinds, the Indian non-life insurance sector is projected to grow between 13-15% on an annual basis over the near term as consumer demand rises in step with the country’s economic growth momentum. Sharad Mathur,...
Zurich Insurance to buy Generali’s Iris unit for €337 million ($389 million) in cash
Zurich said the purchase will make it a top-three provider of life and non-life insurance in Ireland, where it has served customers for more than 75 years. The deal comes a week after the Swiss company made a firm bid for specialty insurer Beazley Plc and started a $5...
Frame no-fault compensation policy for serious adverse events after Covid vaccination: SC to Centre
The top court delivered its verdict on pleas, including the one which alleged that two women lost their lives in 2021 after taking the first dose of the Covishield vaccine. The plea alleged that both of them suffered from severe adverse effects following immunisation....
Middle East Crisis: How US-Israeli war on Iran is upending global business
The war has closed much of the region’s airspace and crippled Dubai and Doha airports, two of the world’s busiest transit hubs, stranded tens of thousands of passengers and forced airlines to cancel about 40,000 flights–the travel industry’s biggest disruption since...
IRDAI issues licenses to Kiwi General Insurance and Allianz Jio Reinsurance, approves draft regulations for new SBSR Act
Ajay Seth, Chairman, IRDAI In order to expedite the regulatory alignment process and incorporating reforms of SBSR Act(the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, the IRDAI granted in-principle approval for drafting and publishing the draft...
Govt says Air India plane crash probe report will be out “very soon”
"Regarding the AI171 crash that happened in June last year, the investigation is going at a very good pace, and all the resources that are required for AAIB, the primary agency which is looking into the investigation, the ministry is providing.And I would say that...
Over 1.61 lakh water samples found contaminated in 2025-26: Govt in Rajya Sabha
The number of samples tested in labs in 2025-2026 was 63.96 lakh, out of which 1.61 lakh were found to be contaminated, the House was informed. New Delhi: As many as 1.61 lakh samples of water out of nearly 64 lakh tested across the country in 2025-26 were found to be...
Lockton Re launches Agentforce 360 Platform
Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce will support the streamlining of some of our sales activity, creating better informed and more digitally connected broking teams. Many of our client teams are truly global and so the ability to share and...
Aon announces first stablecoin insurance premium payment
Led by Aon's digital asset practice, this initiative builds on established digital-asset risk advisory capabilities, translating industry leading client services in insurance and risk management into practical application within the firm's own operations. Recent U.S....
Govt to curb opaque shipping surcharges amid Middle East tensions: Report
The move comes after exporters flagged sharp and sometimes arbitrary increases in logistics costs, particularly during the current geopolitical crisis that has disrupted global shipping routes and pushed freight rates higher. New Delhi: The government is preparing to...