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Mind the Gap: Insuring India’s Missing Middle
Alpesh Shah, Managing Director & Senior Partner, Boston Consulting Group, Swayamjit Mishra, Partner, BCG, Aarav Shah, student, Bombay Scottish School As India, with current under-penetration and scale as the most populous nation in the world, begins its journey to...
Insurtech Zopper bags Bima Vahak deal, to develop tech platform for selling Bima Vistaar to masses
Zopper has been awarded the project by the Indian insurers, represented by both the councils- General Insurance Council and Life Insurance Council, to create a comprehensive technology platform that can be used by the industry to enroll agents, mainly women, in...
26 crore Ayushman cards created across country: Health ministry
The NHA has launched the 'Ayushman App' to generate Ayushman card. The app has a unique feature of self-verification, which enables users to generate Ayushman card in four steps without visiting any centre, the statement said New Delhi: The Centre's health insurance...
Global investors and businesses have to factor terror risk into their decision making: FM
`Businesses can no longer be just attracted by policies or by the openness of an economy. The risk that the investors and businesses will have to factor into their decision-making is going to be strongly influenced by the impact of global terror,’’ Nirmala...
Aviation war insurers cancel some cover for Israel, Lebanon
“Insurers want regular updates – each airline has a different risk profile and therefore different risk mitigation strategies,” said a spokesperson for U.K. insurance buyers’ association Airmic's aviation group Aviation war insurers have given notice to cancel cover...
Toyota Tsusho Insurance Management Corporation joins the Brokerslink Network
TIM provides a range of insurance services, including brokerage for corporates, insurance, reinsurance, captive management, global insurance program management and risk consultancy. The company was founded on providing broking services for the Toyota Group companies...
Global insured losses from natural disaster events reach $88 billion by the end of Q3 2023, says Aon report
For the first time, insured losses from SCS in the U.S. surpassed $50 billion and accounted for 60% of global insured losses London: Aon plc in its Q3 Global Catastrophe Recap report has revealed that that global insured losses from natural disaster events had reached...
India ranks number one in Osteoporosis cases
"To avoid such risks and increasing factors of this disease, organisations around the world come together with people to create awareness, take tests for early diagnosis and check for bone density. These lifestyle practices can help ensure healthy bones and prevent...
Yogi govt to set up ‘Digital Doctor Clinics’
A Digital Doctor Clinic is a primary health centre that combines both telemedicine branches (consultation centre and specialty centre).It is designed to improve rural healthcare by providing not only online video conferencing but also a qualified health care assistant...
Evergreen line declares force majeure on Israel shipment -customer note
War risk insurance rates have soared more than tenfold in recent days to Israeli ports with growing concerns over an escalation in hostilities Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its...
Global economy exposed to $3.5 trillion from major cyber attack: Lloyd’s
“The global interconnectedness of cyber means it is too substantial a risk for one sector to face alone and therefore we must continue to share knowledge, expertise and innovative ideas across government, industry and the insurance market to ensure we build society’s...
Amazon will start testing drones that will drop prescriptions on your doorstep, literally
Amazon says customers will be able to choose from more than 500 medications, a list that includes common treatments for conditions like the flu or pneumonia, but not controlled substances Texas: Amazon will start testing drones that will drop on your doorstep,...
Dabur India’s units face lawsuits in US, Canada alleging products caused cancer
Dabur India, which sells Vatika Shampoo and Honitus cough syrup brands, said it could not determine the financial implication due to settlement or verdict outcome at this stage but expected the defense costs to breach the materiality threshold in the near future New...
Insurers have to compulsorily cover employees travelling in employer’s vehicle including driver: IRDAI
The compulsory cover has to be provided as an inbuilt coverage under the Compulsory Motor Third Party Liability Section of Private Car Package/ Bundled Policies and under standalone policies insuring Compulsory Motor Third Party Liability and no additional premium can...
IRDAI asks insurers to fast track Sikkim flood claims
Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: In a bid to expedite general insurance claims in Sikkim, which has...
India among world’s worst countries to work remotely: Report
India’s low position is due to poor results in all four dimensions, primarily because of its digital and physical infrastructure (77) and social safety (74) New Delhi: India ranks 64th among the 108 countries for remote work -- 15 places lower compared to last year --...
ICICI Lombard Q2 profit falls to Rs 577 crore
The company had managed to bring down its combined ratio to 103.90 per cent during the reporting quarter as compared to 105.10 per cent in the year-ago period.The insurer's underwriting losses have fallen marginally to Rs 145 crore during the quarter over Rs152 crore...
Amazon River falls to lowest in over a century amid Brazil drought
Brazil's Science Ministry blames the drought on this year's onset of the El Nino climate phenomenon, which is driving extreme weather patterns globally. In a statement earlier this month, the ministry said it expects the drought will last until at least December, when...