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Draft Insurance Laws Amendment Bill in advanced stages, to be tabled in Parliament shortly: Minister Pankaj Chaudhary
Pankaj Chaudhary,Minister of State for Finance M Nagaraju, Scretary, DFS, mentioned that to ensure greater consistency, consumer protection, transparency, and grievance redressal, the department is proposing setting up a unified forum where regulators and authorities...
Govt approves Rs 3,880 crore scheme for Livestock Health and Disease Control Programme
Scheme will help in prevention and control of livestock diseases through vaccination, surveillance and upgradation of healthcare facilities New Delhi: The Union Cabinet, chaired by the Prime Minister Narendra Modi, today approved the Revision of Livestock Health and...
SC issues contempt notice to Punjab for failing to implement pension scheme
"In spite of repeated undertakings given to the high court, compliance has not been made by the state government. Therefore, we issue showcause notice to K A P Sinha, chief secretary, State of Punjab calling upon him to showcause why action under the Contempt Of...
AXA XL Insurance appoints Sylvie Gleises as Regional Chief Executive Officer, Asia
Sylvie Gleises as Regional Chief Executive Officer designate), AXA XL Insurance,Asia Xavier Veyry, Regional CEO for APAC & Europe at AXA XL, commented: "Asia’s commercial insurance sector continues to grow at a rapid pace, now accounting for over 30% of global...
WTW launches an AI-driven performance monitoring tool custom-built for insurers
Radar Vision provides unique insights for pricing, portfolio management, underwriting and claims, allowing rapid response to emerging trends. Singapore: WTW, a leading global advisory, broking and solutions company, has announced the launch of Radar Vision, an...
China to ‘formulate’ policies for elderly, focus on boosting birth rates
China's population fell for a third consecutive year in 2024, as marriages plummeted by one-fifth, the biggest drop on record, despite efforts by authorities to encourage young couples to wed and have children. Rapid ageing has become a growing concern in the world's...
InsuranceDekho receives $70 million funding from investors
Ankit Agrawal, Founder & CEO, InsuranceDekho, said,"We are delighted to have Beams Fintech Fund, Eurazeo, and MUFG double down on their support. This capital will enable us to expand our reach, enhance our tech-driven offerings, and solidify our position as...
CCI rejects complaint against Microsoft over bundled antivirus
It was alleged that bundling of the anti-virus software was violating fair competition norms. Starting with Windows 10 Operating System (OS) edition, the anti-virus software Microsoft Defender is bundled with it. In a 17-page order dated March 3, the CCI said there...
Lloyd’s highlights risk of extreme space weather as latest scenario reveals potential global economic loss of $2.4trn
North America is identified as the region likely to be most financially impacted by the scenario, suffering a potential economic loss of $755 billion over the modelled five year period. However, the gap between the impact on North America and Europe is relatively...
Insurance nominations can’t override personal succession laws: Karnataka HC
Justice Anant Ramanath Hegde ruled that a nominee can receive the insurance benefits only if the legal heirs do not claim them. If a legal heir asserts their right, the nominee's claim must yield to personal succession laws Bengaluru: In a crucial ruling, the...
Sebi income rises 48% to Rs 2,075 cr in FY24, driven by fees, subscriptions
This category of income included earnings from annual fees and subscriptions, listing fees contribution from stock exchanges, income generated from registration, renewal, application and offer documents filed by companies and market infrastructure institutions Mumbai:...
Chubb to acquire Liberty Mutual’s P&C insurance businesses in Thailand and Vietnam
The combined operations produced approximately $275 million in net premiums written in 2024 ZURICH: Chubb Limited on Monday announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam. The terms were not disclosed. The two...
HC stays special court order directing FIR against ex-Sebi chief Buch, 5 others
The HC's judgement came on petitions filed by Buch, three current whole-time SEBI directors - Ashwani Bhatia, Ananth Narayan G and Kamlesh Chandra Varshney and two BSE officials - Managing Director and Chief Executive Officer Ramamurthy and its former chairman and...
SKorea’s new lithium battery rules on planes highlight growing risk for aviation
Korean authorities said the measures were in response to public anxiety about fires after an Air Busan plane was consumed in flames in January while waiting to take off. Investigators have not yet determined the cause of the fire, but a preliminary investigation...
P/C insurers to weather volatile natural Catastrophe Risks
The industry has ample capability to absorb individual large loss events but is more vulnerable if there is a confluence of events in a short term. This was evidenced during 2001-2002, which included the September 11, 2001 terrorist attacks, a few hurricane events,...
SC asks Centre to regulate online content sans censorship
"We have suggested the solicitor general to deliberate upon and suggest such a regulatory mechanism which does not impinges upon the right of free speech and expression but at the same time is also effective enough to ensure the parameters of such fundamental right as...
Relevance of gold as asset class to rise in coming years Nageswaran
Chief Economic Advisor V Anantha Nageswaran said it is very important to remember the relevance and the importance of gold for a portfolio, a store of value etc, more so in the backdrop of the likely ascending importance of gold in the coming years. New Delhi: Gold...
Regulatory violations: Ex-SEBI chief Madhabi Puri Buch, 5 others move Bombay High Court against order directing FIR
The bench said it would hear the pleas on Tuesday and added that until then, the state Anti-Corruption Bureau (ACB), which was directed to probe the case, shall not act upon the special court order. Solicitor General Tushar Mehta appeared for Buch and three current...