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New India ends FY 23-24 with a global prm of Rs 41,860 cr
``Our motto remains growth with profitability. And in this process, we have let go of a few loss-making businesses which were unwilling to renew at the right price or terms. Our market share is 12.78 per cent and we remain the market leader. The industry continues to...
WHO unveils digital health promoter harnessing generative AI for public health
Dr Tedros Adhanom Ghebreyesus,Director-General, WHO S.A.R.A.H., also known as Sarah, has the ability to support people in developing better understanding of risk factors for some of the leading causes of death in the world, including cancer, heart disease, lung...
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance
Axis Bank proposes to infuse Rs 1,612 crore in Max Life Insurance. Approval for the transaction from the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA) was received by Max Life through...
AXA to run cyber risks campaign ahead of Paris Olympics
Nippon Telegraph & Telephone Corp., which provided cybersecurity services for the 2021 Olympic Games in Tokyo, reported 450 million attempted cyberattacks at the time Paris: AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up...
Taiwan quake to hit some chip output, disrupt Asia supply chain, analysts say
The island plays an outsized role in the global chip supply chain as it is home to the world's largest chipmaker Taiwan Semiconductor Manufacturing Co , which supplies chips to Apple and Nvidia.The country also houses smaller chipmakers, including UMC , Vanguard...
Aon completes acquisition of Prabodh Thakker’s Global Insurance Brokers
The acquisition strengthens Aon’s existing broking and advisory capabilities across the commercial risk, health and reinsurance markets, which combined with Aon’s talent consulting business, creates an integrated team of over 1,100 colleagues across Aon in India...
Apr1 Renewals: New reinsurance opportunities in Indian market
In contrast to last year’s renewal, 4/1 saw a resurgence in property catastrophe capacity. While there were few new players in the market, existing reinsurers demonstrated an increased appetite to grow their property catastrophe books in India. However,despite excess...
Andreas Berger to succeed Christian Mumenthaler as group CEO of Swiss Re from July 1
Andreas Berger, group CEO designate, Swiss Re Jacques de Vaucleroy, Swiss Re's Vice Chairman of the Board of Directors, said,"The Board unanimously determined that Andreas Berger is the right person to build on the firm's current momentum and lead Swiss Re into the...
Strong earthquake strikes Taiwan, tsunami waves detected in Japan
Taiwanese television showed buildings in Hualien shaken off their foundations. The strong quake knocked out power in several parts of the city In the capital, Taipei, tiles fell from older buildings and within some newer office complexes. Train service was suspended...
Philippines warns of tsunami, orders evacuations after Taiwan quake
Coastal areas in 23 provinces from the north to the south of the archipelago nation, but not the capital Manila, “are expected to experience high tsunami waves” based on tsunami wave models, the state seismology institute said in an advisory MANILA: The Philippines...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace
``No other person can commence or operate with same or similar objectives of the Marketplace and functions of the company,’’ the IRDA's new regulations have clarified The new regulations have provision for penalty for certain violations/breaches by the players. The...
Trapped boats start moving out of wreckage after US bridge collapse
Baltimore's shipping channel has been blocked since a fully loaded container ship lost power and collided with a support column of the Francis Scott Key Bridge last Tuesday, killing six road workers and causing the highway bridge to tumble into the Patapsco River The...
Sompo announces leadership changes for Asia Pacific Region
Kenneth Reilly, CEO, Insurance, Sampo, Asia Pacific region James Shea said, “As we invest and further develop our business across the Asia Pacific region it is fundamental to build our team to support our plans for continued growth. With more than 25 years of...
APAC’s Nat Cat economic losses at $65 billion in 2023, 91% uninsured
George Attard, CEO of Reinsurance Solutions for Aon’s Asia Pacific region Economic losses in the Asia Pacific region specifically, driven primarily by floods in China and drought in India, reached USD 65 billion “The findings from Aon’s 2023 Global Risk Management...
Online doctor consultations surge 4x post-Covid pandemic in India: Report
“With the increasing penetration of smartphones and declining data prices, digital platforms have become instrumental in bridging existing gaps in the healthcare ecosystem. And we have seen growing acceptance for online consultations from patients and healthcare...
World Backup Day: Safeguarding personal & company data becomes paramount
“Today, businesses are 24x7 and any form of data loss can lead to catastrophic consequences. World Backup Day serves as a reminder for organisations to prioritise data protection, reevaluate their backup and recovery strategies and thereby safeguard against the...
Extreme weather predicted during Lok Sabha polls, preparation in advance crucial: Rijiju
Kiren Rijiju,Union Minister for Earth Sciences National Disaster Management Authority (NDMA) member Kamal Kishore stressed the need for long-term solutions to address the increasing vulnerability of geographical areas to heatwaves, including constructing resilient...
Increased heat unlikely to impact wheat crop, says IMD
India is set to experience extreme heat during the April to June period, with the central and the western peninsular parts expected to face the worst impact, India Meteorological Department (IMD) Director General Mrutyunjay Mohapatra said. New Delhi: The increase in...