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ICICI Lombard General launches roadside assistance promises
ICICI Lombard General Insurance today launched Service Assure, a new commitment under its IL Smart Assist (Road Side Assistance) offering. A one-of-the-industry’s-first roadside assistance promises, Service Assure commits to reaching private car customers within 30...
LIC’s net profit rises 23% to Rs23,420 crore in Q4FY26, declares a dividend of Rs 10 per share
R Doraiswamy, CEO & M D, LIC, said,“FY 2025-26 has been a satisfying year for us, with strong overall growth across every business vertical leading to record performance metrics. We have achieved a Non Par share on APE basis in our individual business of more than...
Willis and Global Parametrics deliver first payout to coffee farmers in Vietnam hit by heavy rainfall
In late 2025, Willis placed the high rainfall parametric solution with Bao Minh Insurance Corporation in Vietnam, protecting coffee farmers’ revenue against a loss of yield due to excessive rainfall during the ‘golden’ harvesting period. The solution uses satellite...
Munich Re appoints Gavin Maistry as its chief executive for Life and Health, Asia Pacific, Middle East and Africa
Gavin Maistry, chief executive-designate,Life and Health Asia Pacific, Middle East and Africa, Munich Re In his new role, Gavin Maistry will oversee approximately 600 professionals across 16 branches and representative offices, serving over 600 clients in APAC MEA. In...
Coal pollution dims global solar power output
The effect is most pronounced when solar facilities are located next to coal plants. In China, the world’s largest producer of solar power and coal, aerosols slashed photovoltaic output by 7.7%, with scientists attributing nearly a third of the decline to coal-fired...
World Bank launches $200 million Jamaica Cat Bond
For cat bond investors, “current signals point to lower activity and losses in the Gulf, but relatively higher risk in the South- and Northeast, especially for stronger events,” Schroders said in a recent note. “This creates scope for portfolio repositioning ahead of...
Iran war tests UAE’s safe-haven image
The UAE, a close ally of the United States and Israel, faced more missile and drone attacks from Iran during the war than any other country. The attacks — and Iran’s chokehold on the Strait of Hormuz — have more than halved the Emirates’ exports of crude oil and...
Iran imposes checks, fees in Hormuz
New Delhi uses its embassy in Tehran to liaise with Iranian authorities, including the IRGC and the Iranian navy, which vets ships India wants to sail out of the Gulf, according to an Indian shipping ministry official. For many vessels, the route out of the Gulf and...
EPFO intensifies efforts for reduction of litigation, to use WhatsApp to enhance reach
Alongside clearing legal pendency, EPFO is moving to simplify how members interact with it. The organisation is planning to use WhatsApp to expand outreach and streamline services. New Delhi:The Employees' Provident Fund Organisation has sharpened its focus on cutting...
Insurers should treat hantavirus as a risk requiring case-specific attention, not as a systemic shock factor
Unlike COVID-19 or seasonal influenza, there is no risk of systemic accumulation or correlation among insured populations. There is also no evidence of sustained super spreading dynamics comparable to airborne respiratory viruses, explained SCOR.. Paris: Hantavirus...
RBI proposes allowing lenders to curb usage of phones bought on loans in case of default
RBI's plans to allow lenders to lock smartphones as a tool to recover loans, and that the move may raise consumer rights and privacy concerns. Mumbai:India's central bank on Wednesday proposed allowing lenders to remotely restrict or disable functions of a mobile...
No Ebola case in India; meeting held with states to assess preparedness
However, following the declaration of Ebola as a public health emergency of international concern by the World Health Organization (WHO), the government has strengthened surveillance and preparedness measures across the country as precaution, the sources said. New...
Cyber criminals promoted illegal betting platforms across 1,200 domains during IPL: CloudSEK
According to the report, the cyber criminals used AI deepfake tools to clone the faces and voices of Indian cricketers and popular content creators to fabricate endorsements for betting platforms and tipper channels. Mumbai:Cyber criminals have been found promoting...
India’s weather futures debut puts Mumbai rain up for trade
India's National Commodity and Derivatives Exchange (NCDEX) will launch the country's first exchange-traded weather derivatives contract on June 1, allowing participants to hedge financial exposure arising from fluctuations in the rains in Mumbai. NEW DELHI:...
Cloud Calling:Transforming customer interaction in Motor Claims
Cloud Calling enables Motor Claim Managers(MCMs) and customers to connect through a centralised virtual number system rather than personal mobile numbers. This shift significantly improves both customer convenience and operational efficiency. Gaurav Arora, Chief...
Anthropic to let partners share Mythos cybersecurity findings with others
Mythos’ capabilities to code at a high level have given it a potentially unprecedented ability to identify cybersecurity vulnerabilities and devise ways to exploit them, according to experts. Anthropic said on Monday it is revising its earlier position to allow users...
FAA says it failed to address warning signals before fatal 2025 Washington D.C. collision
The National Transportation Safety Board determined the collision was caused by the FAA’s decision to allow helicopters to travel close to the airport without safeguards to separate them from airplanes, and its failure to review data and act on recommendations to move...
Godfrey Phillips India receives Rs100 crore interim insurance payout after Andhra fire
The company informed stock exchanges that the interim payment was received against an insurance claim of Rs344.49 crore filed in connection with the fire that broke out in the early hours of October 10, 2025, at around 2.30 am.Godfrey Phillips said the actual loss...