Welcome to My Blog
Here is a masonry blog layout with no sidebarDrones pose new challenges for re/insures, GIC Re Chief
Air India pilots, clueless of damage, fly plane, land after airport alerts
Commenting on the incident, Civil Aviation Minister Suresh Prabhu said he had recently ordered putting in place a third-party professional organisation to look into various safety aspects at Air India.
In order to have continuous attention towards air safety, I have also ordered concerned officials to put in place a regular ‘safety compliance report’ of all airlines. Safety of passengers is of paramount importance for us,” the Minister said.
Indian Employers Pressured to Take More Seriously Surge in #MeToo Allegations
Pressure is building on major Indian employers to take allegations of sexual harassment more seriously after a surge in the number of complaints against prominent public figures in the past week. At least one major Indian newspaper, some politicians and...
Hackers stole details of 29 million users in Facebook breach
IRDAI forms panel to examine if insurers can pay PA claims & Benefit Based Health Policies in installments
Did dam water mismanagement lead to Kerala’s once-in-century floods?
“We have been able to reach insurance solutions to customers in over 2,00,000 villages in India”
“Title Insurance and design defect policies to Real Estate Companies, Cyber security covers to certain Institutions, Drone Insurance, etc. Similarly for Retail customers too, we are designing customized package policies with the help of various insurance companies. We have initiated a new vertical for ‘Strategic Alliances’ and are initiating partnerships with various organizations having a large customer base”
4th Industrial Revolution to change nature of jobs: Narendra Modi
“Our diversity, our demographic potential, fast-growing market size and digital infrastructure has potential to make India a global hub for research and implementation,” he said.
While the previous industrial revolutions eluded the country, India’s contribution to the 4th Industrial Revolution would be astonishing, he said
LIC’s open offer for 26% stake in IDBI Bank to begin from December 3
Reliance Nippon Life Asset Management gets Employees’ State Insurance Corp mandate to manage its funds
Number of direct taxpayers may double to 76 mn in PM Modi’s regime: FM
“Four years ago, when we assumed office the total number of people who filed tax returns in India was 38 million. It’s already 68.6 million last year, which is the fourth year. At the end of fifth year, I do hope it will be something close to 76 million or 75 million, which means that in five years we would have doubled the number of people filing tax returns in India,” he added.
Cyclone Titli updates: Toll rises to 8 in Odisha, Andhra, 300,000 evacuated
According to a statement issued by the Home Ministry, the cyclone crossed the north Andhra Pradesh-south Odisha coast near Palasa in Srikakulam district to the southwest of Gopalpur with estimated maximum sustained surface wind speed of 140-150 kmph gusting to 165 kmph between 430 hours and 0530 hours.
Insurance M&A deal value expected to increase by 150% in 2018
Tim Zawacki, Senior Insurance Analyst at S&P Global Market Intelligence said, “We are in a period where insurance carriers are reevaluating what is core to their franchise and pushing for greater efficiency in both expenses and capital utilization, which in turn is driving deal volume close to record highs. With a continued push for consolidation even after one of the most active years for P&C and life insurance M&A, a variety of factors will continue to drive transaction deal value beyond 2018.”
AGCS restructures its ART line of business
Large companies are increasingly seeking to assume more control over their risk management beyond traditional insurance products in property or liability. With our two new lines of business, we can respond to these needs by designing multi-line, multi-year, parametric or capital-market solutions to protect our clients from earnings and cash flow risks. Our new structure and leadership team will help AGCS to further evolve and grow this important segment of our business”, says Hartmut Mai, AGCS Board Member and Chief Underwriting Officer Corporate.
Cost of climate-linked disasters soars: United Nations
The economic cost of climate-related disasters hit USD 2.25 billion over the last two decades, an increase of more than 250 percent compared to the previous 20 years, the UN said on Wednesday. The United Nations Office for Disaster Risk Reduction (UNISDR) noted...
WhatsApp sets up system to store payments-related data locally in India
Bad omen for the economy: Demand in India is cooling, shows RBI survey
The capacity utilization rate, consumer confidence, and the outlook for demand in the manufacturing sector in the third quarter were less optimistic, the results of separate surveys released by the Reserve Bank of India show. That bodes ill for an economy already grappling with a weak rupee and elevated prices of crude oil — the nation’s top import
Nine dead, 14 hurt in blast at SAIL’s Bhilai plant
According to SAIL’s website, the Bhilai steel plant, located around 30 km from the capital, is India’s sole producer and supplier of world class rails for the Indian Railways, including 260 metre long rails, and a major producer of a large variety of wide and heavy steel plates and structural steel.