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Here is a masonry blog layout with no sidebarGeneral insurance industry’s premium rises 15% to Rs 25k in Dec 2023
In a move that supported the growth of the industry, New India Assurance(NIA), the country's largest general insurer, after lying low with a single digit growth for the last few quarters, has expanded its topline by 14.47 per cent to Rs 4,070 crore in the month of...
APAC sovereigns exposed to flooding risks, have limited capacity to adapt: Fitch
In South Asia, Bangladesh is the most prone to the risk of flooding. The materialisation of climate risks in these regions could lead to high economic losses. The cost of relocation from flood-prone areas and rebuilding following floods could be high, leading to...
India providing security escort for container ships around Red Sea
Containers could face delays of 14 days in their turnaround time due to the longer route which is also causing higher transport and insurance costs, the source, who spoke on condition of anonymity, added New Delhi: India's defence ministry is providing protective...
619 cases of Covid sub-variant JN.1 reported from 12 states till Jan 4
They said 199 cases have been reported from Karnataka, 148 from Kerala, 110 from Maharashtra, 47 from Goa, 36 from Gujarat, 30 from Andhra Pradesh, 26 from Tamil Nadu, 15 from Delhi, 4 from Rajasthan 2 from Telangana and one each from Odisha and Haryana. New Delhi:...
Indian Dental Association and CoverYou enters into a strategic partnership
Insurance broker CoverYou has entered into a partnership with Indian Dental Association (IDA), representing more than 75,000 dental professionals in 33 states with 450 local branches, to offer a wide range of insurance products designed to safeguard their professional...
Eat on time to keep your heart healthy
The French study, published in the journal Nature Communications, found that eating the first and last meals of the day early along with a longer period of night-time fasting could reduce the risk of cardiovascular diseases. It is the leading cause of mortality in the...
Hackers tap social engineering, AI to drive more cyber attacks in 2024
“Cybercriminals are exploiting the biggest vulnerability within any organization: humans. As progress in AI and analytics continues to advance, hackers will find more inventive and effective ways to capitalize on human weakness in areas of (mis)trust, the desire for...
TATA AIG General launches new brand campaign
TATA AIG General Insurance has launched a new brand campaign, "Expect the Expected" ,featuring brand ambassador Ranbir Kapoor and filmmaker Rohit Shetty. Neelesh Garg, MD & CEO, TATA AIG General Insurance, said, “With the launch of the “Expect the Expected”...
Devi Shetty’s Narayana Health Insurance receives license from IRDAI, becomes industry’s 6th health insurer
Dr. Devi Prasad Shetty, Cardiac Surgeon Narayana Health is one of India’s largest hospital groups with hospitals and heart centres across the country and an international hospital in the Cayman Islands. The group’s facilities provide advanced healthcare in over 30...
MS Amlin launches Financial Lines cover in Middle East
The Middle East’s financial landscape is rapidly evolving. With increasing M&A and IPO activity, and tighter regulatory requirements, businesses need specialised insurance solutions to navigate the complexities they face. DUBAI: MS Amlin, the Lloyd’s global...
Japan Airlines expects losses of more than $100 million from wrecked Tokyo plane
All 379 people on board the JAL 9201.T Airbus AIR.PA A350 widebody jet escaped before the plane was completely engulfed in flames that took more than six hours to extinguish TOKYO: Japan Airlines on Thursday said it expected losses of more than $100 million after one...
GIC Re and 3 PSU general insurers to shell out Rs 33 crore for JAL’s Tokyo mishap claim
Indian insurance industry sources said GIC Re will be paying around Rs18 crore while three other PSU general insurers, New India Assurance(NIA), Oriental Insurance Company(OIC) and National Insurance Company(NIC)will have fork out Rs 5 crore each to meet their part of...
U.S. insurer AIG leads $130 million “all-risks” policy for Japan Airlines plane -sources
The Japan Airlines policy mainly covers damage to the hull, one of the sources said. U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport, two insurance...
760 new COVID-19 infections in India, two deaths
The total active caseload of the viral disease was logged at 4,423, a decrease of 17 since Wednesday morning, according to the Ministry of Health and Family Welfare. (MoHFW) New Delhi: A single-day rise of 760 new cases of Covid were recorded in the country as two...
Maharashtra cabinet nod for OPS to state employees who joined service after Nov 2005
Under the OPS, a government employee gets a monthly pension equivalent to 50 per cent his/her last drawn salary. There was no need for contribution by employees. The OPS was discontinued in the state in 2005 Mumbai: The Maharashtra cabinet on Thursday cleared a...
Capital supports ‘Smooth’ January 1 Renewals for Cedants: Aon
The report revealed that, in contrast to 12 months earlier, the key renewal period proceeded ‘relatively smoothly’, as a rebound in profitability and capital positions, and greater availability of retrocession capacity, encouraged many reinsurers to display increased...
Fast-evolving threat landscape leaves APAC businesses vulnerable: Beazley study
“As boardrooms prepare for risks on the horizon, it is encouraging that 37% of boardroom executives in Singapore are planning to explore insurance options that include risk and crisis management. In 2024, the insurance industry has a large role to play in helping...
Robust improvement in Gujarat’s public health infra in last two decades: govt data
Finance Minister Kanubhai Desai had also announced to double the insurance cover under the revamped Pradhan Mantri Jan Arogya Yojana-Mukhyamantri Amrutam (PMJAY-MA) scheme from Rs 5 lakh to Rs 10 lakh in the state budget presented last February Ahmedabad: Gujarat...