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January Renewals show higher prices for clients with poor loss records: Willis Re
In property catastrophe renewals, cedants with good loss records and a disciplined, early renewal process achieved risk-adjusted rate reductions, while loss impacted accounts are seeing upward pricing across a number of lines. Some primary lines are seeing significantly larger rate increases than treaty reinsurance business
India remains fastest growing economy ahead of China despite up/downs
On inflation, Dun & Bradstreet in a report said: Going forward, there are concerns over fiscal slippage due to likely expenditure on pre-poll sops before the Lok Sabha elections next year. The Congress party’s promise of universal farm loan waiver, if it comes to power is likely to force the hand of the BJP government, which has so far stuck to fiscal prudence.
Uber pledges to fight UK Court decision that drivers should be treated as workers
Though the U.K. ruling will not apply to employees outside the country, it is part of a trend in which regulators are more closely scrutinizing a quickly evolving workplace and challenging traditional employment models. Only this week, Britain published its Good Work Plan, promising to clarify the tests around employment status as suggested by the landmark Taylor Review last year
Underestimating Climate Change Risks could hit iInvestors: Opinion
A comprehensive new study most companies expect climate change will increase their operational costs and reduce or disrupt production capacity due to events such as floods, drought or hurricane damage. And awareness is growing rapidly: The number of companies seeing such risks as either “virtually certain” or “more likely than not” to occur surged from 34 percent in 2011 to 67 percent in 2016. Yet serious complacency persists
Generali hikes stake in Indian insurance JV to 49% from 25.5%
Through this transaction, Generali has committed up to approximately €120 million ($137.3 million) to its Indian joint ventures: Future Generali India Life Insurance Co. Ltd.; Future Generali India Insurance Co. Ltd., which writes non-life insurance, and the newly established distribution joint venture FG&G Distribution Private Ltd.“The new Generali strategy is focusing on high potential insurance markets. India will play a significant role in our expansion plan in Asia,” commented Jaime Anchustegui Melgarejo, CEO International, Generali.
BBB to interview 8 sr LIC officials on Jan 4 to select a new chairman and two MDs
The senior officials, who have been called for the interview, with over two years of residual services and in order of seniority, are- K. Ganesh, Executive Director(ED), Customer Relationship Management(CRM(, M R Kumar Zonal Manager(ZM), Delhi, Vipin Anand ZM, Mumbai, TC Suseelkumar, ZM, Hyderabad, MK Gupta ED, Personnel. Raj Kumar CEO, LIC Mtual Fund , HS Sasikumar, ZM,Bhopal, and S Nallakuttalam.
In the last 15 years, the government has followed the principle of seniority while appointing the chairman of the corporation
All vehicles to come fitted with tamper-proof number plates from April 1
Interview to select a new Irda member(non-life) on Jan 10, 2 CMDs are in the race
Among those who have applied are AV Girija Kumar, CMD, Oriental Insurance Company(OIC), TL Alamelu, CMD, Agriculture Insurance Company,,Siddarth Pradhan, director & general manager, National Insurance Company(NIC), John Pulliantham, general manager & director, NIC, C Narambunathan, director & general manager, New India Assurance SN Rajeswari, general manager, NIA,George E Thomas, professor Insurance Institute of India…
India among first five nations to submit Sixth National Report: Environment Ministry
Indonesian tsunami insurance claims may reach $1.09 bn
What does the future hold for data privacy?
A group of mobile telephone operators in India has begun a pilot project with the World Health Organisation to identify whether their network data can provide insights into population volume and movement patterns and be used to improve planning to control the spread of tuberculosis – one of the biggest killers in the country.
Virudhunagar, Naupada, Sidharthnagar among top 3 aspirational districts
With Rs 60 cr, E&Y gets 18 months to devise strategies for merger of 3 PSU general insurers
With E&Y getting 18 months timeframe for preparing the basic strategies, the deadline for completing full merger of three companies, National Insurance Company(NIC), Oriental Insurance Company(OIC) and United India Insurance (UII). with all its legal and IT and operational complexities, will be easily extended into FY 2022, said analysts.
Seqrite detects over 2.6 cr cyberthreats targeting Indian firms during Jul-Sept
India:Companies CSR expenditure rises 47% in 4 years to FY18: Survey
Premium of non-life insurers rises 27% to Rs 12,551 cr in November
Govt tightens norms for etailers, bars exclusive deals
“An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to sell its products on the permitted to sell its products on the platform run by such marketplace entity”. ..