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Marsh exploring selling its financial risk manager and life insurance broker for high-net-worth individuals in Asia
PCS provides financial risk management and life insurance services to more than 8,000 clients in about 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva and Zurich, according to its website. Marsh is exploring a sale of its financial risk manager and...
Ecuador contracts first parametric insurance for 10k climate-vulnerable farmers, with Germany, UNDP, ISF and IDF support
The two parametric products — for extreme rainfall and drought-risk — were designed by IDF member insurance organizations AXA Climate, Guy Carpenter México Intermediario de Reaseguro S.A de C.V and Blue Marble, in partnership with the MAGP and with local insurer...
FSIB selects Hitesh Joshi as new CMD of GIC Re
Hitesh Joshi,executive director & acting CMD, GIC Re ``Keeping in view of performance of five eligible candidtes in the interface, their overall experience and extant parameters, Joshi has been recommended as the CMD of GIC Re,'' said the FSIB on Tuesday Joshi,...
AIA Australia deploys SCOR’s VClaims
Tracey Crowe, General Manager for Claims and Underwriting at AIA Australia, commented,“We are always looking for opportunities to deliver simpler, faster and more connected experiences and services to the members of our fund partners. There is no question that the...
TATA AIG launches Personal Accident policy
TATA AIG General Insurance today announced the launch of Accident Super Guard Plus, a flexible personal accident insurance solution designed to provide comprehensive financial protection against unforeseen events.The policy is available for individuals and families,...
Lockton in partnership with AdvantageClub.ai lauches employee wellbeing solution in India
Re/Insurance broker Lockton in partnership with AdvantageClub.ai, today launched ‘LocktonThrive’, its proprietary employee wellbeing solution powered by Lockton Services India designed to help organisations deliver a unified, personalised, and digital-first wellbeing...
Andamans: Helicopter carrying 7 crashes into sea, all rescued
All five passengers and the two crew members, rescued from mid-sea, have been admitted to a hospital, one of the officials said. SRI VIJAYA PURAM:The helicopter ditched into the sea around 9.30 am, reportedly due to a technical snag, while approaching Mayabunder. All...
Utkarsh Small Finance Bank’s strategic partnership with Kotak Mahindra Life Insurance
Utkarsh Small Finance Bank today announced a strategic partnership with Kotak Mahindra Life Insurance marking a significant milestone in the bank’s product expansion strategy. This collaboration significantly strengthens Utkarsh SFBL’s life insurance vertical,...
Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman
``The United States has more than 40 fellow actuaries per million people and the United Kingdom more than 250, while India has fewer than one per million. Compounding this, IAI's(Institute of Actuaries) total membership has fallen from around 12,000 in 2011 to...
Air ambulance with 7 onboard to Delhi from Ranchi crashes
The DGCA in a statement said, "On 23.02.2026 Redbird Airways Pvt Ltd Beechcraft C90 aircraft VT-AJV operating medical evacuation (Air Ambulance) flight on sector Ranchi-Delhi crashed in Kasaria Panchayat of Chatra district, in Jharkhand." RANCHI: An air ambulance with...
UIB partners with CyberCube to accelerate its growth across LATAM and Asia
Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is evolving at pace, and clients increasingly expect brokers to provide clear, quantitative insights. With CyberCube’s platform, we can enhance the sophistication of our analytics, improve the clarity of...
Suresh Agarwal appointed as MD & CEO designate of life insurance JV between Mahindra and Manulife
Suresh Agarwal, MD & CEO designate of proposed life insurance joint venture between Mahindra & Mahindra and Manulife Suresh has nearly 30 years of experience in life and general insurance, corporate, and retail lending. He has spent significant part of his...
Various Govt social security schemes enhance confidence among citizens, says PM Modi
``India is going through a period of rapid economic growth and expansion of social security architecture. As India advances towards the vision of Vikasit Bharat 2047, it is important that our efforts remain aligned to widen and reinforce the safety nets available to...
Govt shortlists 5 candidates for selecting a new GIC Re CMD
The officials who have been shortlisted after due delligence for the Tuesday interview are -- three senior most senior officials of GIC Re-Hitesh Joshi, executive director(ED) and acting CMD,Jayshree Bala, ED, V Balkrishna, general manager and two other private sector...
India will be first country in the world making healthcare quite affordable:Devi Shetty
``Believe me, in the next five to seven years time, expenses for the healthcare services can be paid through adequate insurance coverage and other financial mechanisms including Health Savings Accounts. Health savings account is nothing but a zero balance account with...
NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital services might work for educated customers in major cities, a "human value chain" is still required to sell products in Tier 2 and Tier 3 cities, as well as rural areas. The goal is to merge these two...