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IAI to unveil its new Indian Mortality Table soon
LtoR-Asha Murali, secretary, Institute of Actuaries of India(IAI), Preeti Chandrashekhar, president, IAI and Subhendu Bal, president, & chief risk officer, SBI Life Insurance, at a media event on Thursday to announce 25th edition of the Global Conference of...
South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs
Lto R- Gedion Labane, Consul General of South Africa in Mumbai, Charlise Cloete,Cluster, Market Head Reinsurance: Asia Pacific, Santam,Curt Mayer, Executive Head, Santam Specialist. Gareth Beaver, CEO, Santam Specialist Solutions, and Kush Padia, CEO, Santam Re &...
South-South Cooperation:High-level Kenyan delegation visits India to learn about AB PM-JAY
(Lto R)Dr. Gregory Ganda, County Minister for Health, Kisumu County and Sunil Kumar Barnwal, Chief Executive Officer, National Health Authority in New Delhi Since its launch in 2018, PM-JAY has enabled over 11.6 crore (116 million) hospital admissions worth more than...
ICICI Pru Life loses GST appeal cases, may have to pay over Rs1200 crore of taxes
However, in both the cases, the life insurer will file an appeal against the unfavourable orders before appropriate authority in due course and there are no financial implication for the company at this stage, the company said in an exchange filing on Thursday....
Nandan Nilekani flags AI backlash risk, calls diffusion of technology a necessity
Infosys Chairman Nandan Nilekani noted that AI's most visible outcomes, like creating deep fakes, raising the price of your power bill, or similar other things that are happening, could turn public sentiment against it.He said that helping technology reach a billion...
NGT forms panel, seeks comprehensive plan to protect coastal erosion of Sunderbans
During the hearing, the West Bengal government informed the Tribunal that the Gangetic delta is facing severe erosion due to several reasons.These include natural geological changes, rising sea levels, frequent cyclones, and reduced supply of sediment because of...
Govt yet to take a finall call on stopping import of Russian oil
India’s Directorate General of Shipping has until Friday to extend the approvals of four Russian insurers, its website shows. Four other Russian ones don’t need to renew their approvals until 2029 and 2030. The Indian government must decide in the next few days...
Verisk downplays AI disruption fears as quarterly profit beats estimates
“High-quality data is critical for accuracy and effectiveness, and Verisk is in a unique position as one of very few providers who currently aggregate data from multiple sources,”Verisk CEO Lee Shavel said Verisk’s fourth-quarter profit topped Wall Street expectations...
Environmental groups challenge decision to revoke basis of climate regulations
US President Donld Trump has said he believes climate change is a hoax, and has withdrawn the United States from the Paris Agreement, leaving the world’s largest historic contributor to global warming out of international efforts to combat it in addition to killing...
AI:ERGO aims to cut about 1,000 positions in Germany
The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said on Tuesday. They will take place over five years through the end of 2030, with ERGO saying there will be no forced redundancies during this time. Munich Re’s primary...
New GIC Re CMD to be selected by FSIB on Feb 24
A few names including Ashok Lahoty,appointed actuary of state owned National Insurance Company along with three senior most officials of GIC Re,Hitesh Joshi, executive director and acting CMD,Jayshree Bala,ED GIC Re and V Balkrishna, general manager along with others...
HDI Global launches new global strategies for expanding international footprint
Edgar Puls, CEO of HDI Global. HDI Global will sharpen its international footprint in selected regions and open new markets. A key focus is North America, as well as dynamic growth regions such as South East Asia and the Middle East Hannove:HDI Global aims to further...
Aon sets up a new office in Mumbai
Rishi Mehra, CEO, India and Head of Strategy, Human Capital, Asia Pacific, Aon Global re/insurance broker Aon plc announced that it is combining its three existing Mumbai offices into a single, modern corporate location at One Unity Centre in Lower Parel, Mumbai. The...
Aon appoints Nick Fraccalvieri as CEO of global facultative for its Reinsurance Solutions
In his new role, Fraccalvieri will be responsible for setting the strategic direction and driving the execution of Aon’s global facultative reinsurance strategy, with ceded facultative at the core of the proposition. He will also lead the development of new digital...
Bayer proposes $7.25 billion plan for all Roundup cancer cases
The plaintiffs say they developed non-Hodgkin lymphoma and other forms of cancer due to using the weedkiller, either at home or on the job. Bayer said on Tuesday its Monsanto unit had filed a proposed U.S. class settlement totaling as much as $7.25 billion aimed at...
Nagaraju inaugurates facilitation camps to promote ‘Paripoorna Mediclaim Ayush Bima’ for CGHS beneficiaries
M. Nagaraju, Secretary, Department of Financial Services (DFS), inaugurated facilitation camps to promote ‘Paripoorna Mediclaim Ayush Bima’ for CGHS beneficiaries at the premises of DFS in New Delhi today The Paripoorna Mediclaim Ayush Bima has been launched by New...
Trump’s repeal of climate rule opens a ‘new front’ for litigation
President Donald Trump The Environmental Protection Agency is set to repeal a 2009 scientific determination known as the endangerment finding, which has been the foundation for federal climate regulations. The endangerment finding is what led the EPA to take action...
Govt discussing age restrictions with social media platforms:Vaishnaw
"Right now we are in a conversation regarding deepfakes, regarding age-based restrictions with the various social media platforms and… what is the right way to go about this," said IT minister Ashwini Vaishnaw New Delhi:India is discussing age-based restrictions with...