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Auto sales growth slows down in June
According to industry figures, total domestic passenger vehicle (PV) sales last month stood at 340,784 units, up by about 12,000 units or 3.6%, when compared to June 2023 sales (328,710 units) New Delhi: On lack of fresh demand and the high base of last year, car...
Government working on aggregation of CA firms, accounting standards for insurance sector
Apart from the aggregation of CA (Chartered Accountants) firms, the corporate affairs ministry is also working on having accounting standards for the insurance sector and Limited Liability Partnerships (LLPs), Corporate Affairs Secretary Manoj Govil said New Delhi:...
Insurers achieve positive mid-year renewal outcomes, Global reinsurance capital reaches a new record of $695 billion by Q1 2024, says Aon
Aon Securities estimates that overall ILS capital increased to an all-time high of $110 billion through the second quarter, increasing from $108 billion at year-end 2023, with a record $46 billion of catastrophe bond limit on-risk. For the first time, more than $8...
Climate change can no longer be ignored: CJI
D.Y. Chandrachud,Chief Justice of India The CJI said he was delighted to know that these new GRIHA-rated court buildings will focus on heat island mitigation and reduce environmental footprint. Green Rated Integrated Habitat Assessment (GRIHA) -- a rating tool that...
Niva Bupa Health Insurance files draft prospectus with Sebi for a Rs 3,000 crore IPO
The IPO with a face value of Rs 10 each is a mix of fresh issuance of Rs 800 crore and an offer for sale of up to Rs 2,200 crore by promoter and investor selling shareholders.The offer for sale consists of up to Rs 320 crore by Bupa Singapore Holdings Pte. Ltd., and...
Beryl makes landfall as Category 4 hurricane on island near Grenada
"This is an extremely dangerous and life-threatening situation," the US National Hurricane Center said. Experts say that such a powerful storm forming this early in the Atlantic hurricane season -- which runs from early June to late November -- is extremely rare....
Cyber insurance premiums falling globally, businesses become more adept in curbing their losses, Howden Report
Business interruption is usually the biggest cost following a cyber-attack, but businesses are able to reduce those costs with better back-up systems, such as through the use of cloud providers, the report said Cyber insurance premiums are falling globally as...
Experts expect AB-PMJAY revamp and larger health budget during Modi 3.0
“Increased healthcare spending, coupled with initiatives like AB-PMJAY, can benefit both the public and private sectors, albeit requiring adjustments in pricing structures. Addressing the shortage of healthcare staff and providing regulatory relief, particularly in...
Doctors face high burnout, must set clear boundaries for work & personal life
“As doctors, we are so preoccupied with patients' health that we tend to often neglect ourselves. Long and erratic work schedules and the enormity of taking responsibility for the lives of others are taxing. We should prioritise our health first,” Dr Tushar Tayal,...
Narayana Health launches its first cover Aditi
With an annual premium of Rs 10,000, Aditi,' aims to cover a family of four.The insurance product is designed to ensure accessibility, with coverage of up to Rs 5 lakh for treatments and Rs 1 crore for surgeries, markedly lower than traditional insurance rates...
ICICI Lombard launches new health insurance product powered with AI
Mumbai: ICICI Lombard General Insurance has launched health insurance product, ‘Elevate’. Powered with AI the first-of-its-kind health product is loaded with cutting-edge features and add-ons, offering personalised solutions to meet the needs of dynamic lifestyle,...
Heat-dome: Indian Temperatures Beyond the Heatwave?
Robert Muir-Wood,Chief Research Officer, Moody’s RMS Mitigation is the only route to relieve the heat stress, and countries that are used to the heat benefit from previous experience and may have the infrastructure – from building design to designated cooling centers,...
LIC chairman Mohanty re-designated as CEO and MD
Siddhartha Mohanty, chief executive officer and managing director, Life Insurance Corporation The Ministry of Finance will appoint a non-executive chairman afterwards. Besides Mohanty, there are currently four other MDs in LIC Mumbai: On the basis of earlier...
Embarking ESG: Changing Investment Paradigm
While the integration of ESG in the life insurance sector presents numerous opportunities, it also comes with challenges. The primary challenge lies in the lack of standardized ESG data and ratings, which can lead to inconsistencies and difficulties in comparison S P...
India becomes the first country to prepare entire fauna checklist
"The faunal checklist will be an invaluable reference for taxonomists, researchers, academicians, conservation managers, and policymakers. It comprises 121 checklists of all known taxa covering 36 phyla. Endemic, threatened, and scheduled species have also been...
Term Plans: Protecting Professionals
Amit Jaiswal, Chief BALIC Direct Officer, Bajaj Allianz Life One of the simplest forms of life insurance is term insurance, which guarantees that the insurer pays a sum of money to beneficiaries when the insured deceases, in exchange for the premiums paid during...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the transition and adapting economies to a new climate era, it will require a paradigm shift in how risk management is prioritised if climate finance is to be deployed and businesses are to secure their...
Cost of new drug development is key concern for life science as focus shifts to repurposing: WTW Survey
The survey also revealed that regulation and reputation risk have risen to the top of the life science agenda as companies feel pressure on a range of issues such as increasing regulatory activity post-Covid, U.S. drug price controls, rising data privacy concerns, ESG...