Welcome to My Blog
Here is a masonry blog layout with no sidebarGovt hikes minimum wages fron Oct 1 as living costs surge
Earlier this week, thousands of workers held protests across the country, seeking an increase in wages and demanding the repeal of four labour codes which they say favour multinational corporations. New Delhi: India is hiking minimum wages marginally for workers...
Star Health sues Telegram after hacker uses app’s chatbots to leak data
Star has received a temporary injunction from a court in its home state of Tamil Nadu ordering Telegram and the hacker to block any chatbots or websites in India that make available the data online, according to a copy of the order Star has also sued U.S.-listed...
Will make all users safe from spam calls and messages: Airtel’s Gopal Vittal
The Telecom Regulatory Authority of India (TRAI) has asked telecom operators to stop spam calls and messages and comply with its direction regarding the whitelisting of URLs, APKs and OTT links New Delhi: As the Centre asked telecom service providers to purge spam...
GST on Health, Life Insurance: Newly formed GoM to meet on Oct 19
A final call by the council on taxation of insurance premiums is likely to be taken in the next meeting in November, based on the GoM report New Delhi: The ministerial panel to decide on lowering goods and services tax (GST) on health and life insurance premiums will...
Ardonagh’s A$2.3 billion acquisition receives approval from PSC shareholders
“Combining the best of PSC and Ardonagh will strengthen the Group’s global position in the retail, specialty and wholesale broking markets to deliver greater scale and efficiency benefits to clients, insurers, brokers and agencies. PSC’s culture and values are closely...
The Ministry of Health and Family Welfare (MoHFW), Government of India, in collaboration with the Asian Development Bank (ADB), inaugurated the Climate and Health Solutions (CHS) India Conclave at Delhi. The two-day conclave aims to address the twin emergencies of...
CrowdStrike exec apologizes before US Congress for software glitch behind July global outage
Delta Air Lines has vowed to take legal action, saying the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days, and cost it $500 million. CrowdStrike rejected Delta's contention, that it should be blamed for massive flight...
Tokio Marine Kiln and Marsh launch exclusive $50 million market-first trade disruption facility for ports and terminals
Through the offering, ports can now secure an additional cover should certain wider events beyond their control lead to ships being diverted away from or refusing to sail to their facilities. The facility also provides additional cover for ports impacted by blockages...
New research from Beazley reveals AI is the biggest challenge facing digital health and wellness firms
Beazley’s research found fewer than a third (30%) buy the essential tailored insurance covers that protect against bodily injury caused by a variety of technology-based drivers London: Beazley, the leading specialist insurer, has today published its latest Digital...
Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the Lloyd’s market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national...
Reinsurers differ on expectations for pricing in Jan 2025 renewals: Fitch survey
``We believe the pricing cycle has most likely passed its peak and we expect a softer market in 2025 due to the sector’s abundance of capital. We recently revised our global reinsurance sector outlook to ‘neutral’ from ‘improving’ to reflect this,'' said Fitch London:...
Average health claim size rises 12% to Rs 70,558 in India in 2023-24: ACKO report
The average claim size in India for 2023-24 stands at ₹70,558, up from ₹62,548 in the previous financial year, a significant increase of 11.35%, reflecting the broader surge in healthcare expenses Bengaluru: With rising hospitalisation costs, the average claim size in...
New York Life Insurance makes strategic investment in Max Estates, commits Rs 1200 crore
Sahil Vachani, MD & CEO of Max Estates, said, “We are pleased to announce that our partnership with New York Life Insurance has grown from strength to strength. This capital infusion significantly enhances Max Estates' financial capability to deliver top-tier...
Indian mutual fund industry set to cross 50 mn unique investors
The systematic investment plans (SIPs) reached fresh highs as monthly contributions via SIPs hit Rs 23,547 crore in August, against Rs 23,332 crore in the previous month Mumbai: The mutual fund industry in the country saw assets under management (AUM) surging to Rs...
Probe into EY India’s office after worker’s death finds it lacked labour welfare permit
EY faces scrutiny in India over the death of audit executive Anna Sebastian Perayil, which her mother blamed on a "backbreaking" workload in a letter to EY India's chairman NEW DELHI: An Ernst & Young (EY) office in western India, which employed a 26-year-old who...
20TH SIRC: Singapore Dy PM Gan Kim Yong to deliver keynote address
“With the strong line-up of panels and a dynamic meeting agenda fostering robust debate, we are excited to bring the global industry together for yet another year to shape the future of the reinsurance industry,'' Marc Haushofer, Chair of the SRA Singapore: The...
Businesses in APAC taking longer to convert working capital into cash, affecting liquidity: Aon
According to the report, the average days receivable for Asia Pacific companies for year ending 2023 was 71 days. Although a small increase from 2022, an increase in days receivable reflects a decrease in working capital availability and indicates slower collection of...
Zurich Kotak General Insurance to scale up its commercial insurance portfolio, Ajey Hegde to head the unit
Sean Walker, Head of Commercial Insurance & Chief Technical Officer, APAC, said, “As Indian businesses continue to grow, Zurich Kotak is well-positioned as a key risk management partner, helping commercial customers better understand and navigate current and...