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Public Insurance Registry to strengthen consumer protection, market efficiency, insurance coverage and reforms, says IRDAI
`Envisaged not merely as a data repository, but as an innovation platform and a strategic investment in national economic infrastructure, the PIR will strengthen consumer protection, market efficiency, insurance coverage and supporting the next generation of insurance...
LIC at 70: Seven Decades of Trust, Protection and Progress
As LIC enters its eighth decade, it stands at the intersection of tradition and transformation. Armed with a robust digital infrastructure, a diversified product suite, unmatched financial might, a strong army of dedicated agents, distribution partners, employees and...
PM Modi calls India’s 7.8% GDP growth ‘herculean feat’ amid global uncertainties
"India's exemplary GDP growth of 7.8 per cent during Q1 of FY 2026-27 is a herculean feat.The growth came amid oil price shocks and supply chain issues, at a time when the global economy continues to face uncertainty,'' said Prime Minister Narendra Modi New Delhi:...
Govt asks PSU general insurers to borrow `EASE’ from banking counterparts to fight out competition, to be finalised on Sep 2
Debasish Prusty, additional secretary, DFS, on Sept 27, convened a meeting with executive directors and general managers of the six PSU insurers to deliberate on the proposed implementation of the framework.The discussions are to be followed by a higher-level meeting...
Before flood catastrophe, Nepal asked China for early warnings as risks mounted
"What we actually wanted from them, and still want, is if there are early movements of glaciers and early movements around that area, we would want to know a bit early," said Sauhardra Joshi, a hydrologist at Nepal's Flood Forecasting Division, who was in the May...
India records Asia Pacific’s largest reduction in days receivable, Aon report finds
India’s progress shows the opportunity for businesses to release more cash from their operations and put it toward growth.For CFOs and treasurers, benchmarking receivables performance against industry peers can identify where capital is tied up and inform decisions...
India needs credible carbon market to protect exporters as EU CBAM takes effect: CII-IIM report
The report said the carbon-price signal is becoming increasingly important for trade-exposed sectors such as steel, cement, aluminium, fertilisers, refining and petrochemicals. This assumes greater significance with the European Union's Carbon Border Adjustment...
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AI Cyberattacks: Global firms warn of ‘Limited Window’ to protect critical infrastructure
OpenAI, Anthropic, Microsoft, Google, Visa and Mastercard are among the signatories to an open letter issued on August 27, which cautioned that existing cybersecurity measures may soon prove inadequate as AI-enabled attacks become more widespread and sophisticated. A...
Aon close to acquiring USI Insurance from KKR in $17 billion deal, WSJ reports
The deal could be announced as early as Monday, Aon Plc is close to an agreement to acquire insurance brokerage USI Insurance Services from private equity firm KKR for about $17 billion, including debt, the Wall Street Journal reported on Sunday, citing...
Nepal Catastrphe: GIC Re’s losses limited as other international reinsurers take the hit
“Nepal’s non-life insurance market relies heavily on global reinsurance capacity to underwrite catastrophe risks, and so international reinsurers are expected to absorb a significant share of the overall insured losses,” said Victoria Ohorodnyk, senior director and...
67 vulnerable glacial lakes identified in Himachal; early warning systems planned for four in Kinnaur, Lahaul-Spiti
Given increased exposure to GLOFs, flash floods, cloudbursts, landslides, and other climate-related risks, officials stress that combining satellite surveillance, scientific assessments, ground monitoring, early warning systems, HFL mapping, and rapid emergency...
Flood water level rises again in Bhotekoshi river: Nepal authorities
Death toll from the flash floods, which caused widespread devastation, has surged to nearly 700 and nearly 2,400 people remain missing following the disaster, according to authorities.. The impoverished Himalayan nation of 30 million people called for specialist...
HDFC Bank CEO Jagdishan resigns amid governance concerns
Sashidhar Jagdishan, MD &CEO, HDFC Bank The issue of Jagdishan's reappointment has been a subject of intense speculation, especially after the surprising resignation of non-executive chairman Atanu Chakraborty in March this year, citing concerns on ethics and...
MGA Framework: A new building block for GIFT City’s global insurance ambition
Going forward, the IFSCA should consider developing a separate regulatory framework for reinsurance MGAs, with distinct eligibility, capital adequacy, and business arrangement norms. More detailed guidance on fit-and-proper standards — particularly for principal...
India’s Retirement Challenge: Plan Earlier, Prepare Better
The retirement conversation in India should therefore evolve from “How much is enough at retirement?” to “How early can households build resilience for a longer life?” Early retirement planning is becoming a practical foundation for independence, dignity, and...
Insuring India’s New Economy: Data Centres, Warehouses and Logistics Parks
Insurers see huge growth potential, but these sectors bring serious risk complexities as well. Underwriters can no longer rely solely on standard construction, occupancy, fire protection and natural disaster exposure. They must look much closer at operational...
AI and Life Insurance: The next frontier for India
AI can help make life insurance more personalised, relevant and transparent for customers, while simultaneously revolutionising product development, distribution and operational efficiency for insurers. Gyanendra Singh, Chief Technology Officer, Aviva India India...