Welcome to My Blog
Here is a masonry blog layout with no sidebar
IRDAI asks insurers to put up special measures for any cyclone Biparjoy claims
It needs to be ensured that all claims are surveyed immediately and claim payments/ on account payments are disbursed at the earliest and in any case not exceeding the stipulated timeline Hyderabad: Insurance regulator IRDAI has asked the chiefs of all general...
IRDAI fine-tuning Bima Sugam plans, revamping claim settlement process and ombudsman network: Chairman
(Lto R) SN Rajeswari, member(Distribution), IRDAI, Debasish Panda, chairman,IRDAI, Sumit Bohra, president,Insurance Brokers Association at the Annual Brokers' Meet in Mumbai on Friday "We are working to make the platform and the product as glitch-free as possible,"...
Dr Tarun Agarwal to be new director of NIA, Pune
Tarun Agarwal, director, Kirloskar Institute of Advanced Management Studies He is likely to join the institute on July 17 Tarun Agarwal has more than 25 years experience in different fields. The post of director at NIA, Pune had fallen vacant after G Srinivasan, had...
Phailin to Amphan A look at deadliest cyclones that hit India in last 10 years
India, with a total coastal area of 7,516 km, is exposed to around 8 per cent of the world's tropical cyclones. Nearly 32 crore people in 9 coastal states -- Tamil Nadu, Andhra Pradesh, Odisha and West Bengal on the east coast and Kerala, Karnataka, Maharashtra, Goa...
SBI, LIC, two other sponsors to dilute stake in UTI Mutual Fund
UTI Mutual fund is promoted by the State Bank of India (SBI), Life Insurance Corporation of India (LIC), Punjab National Bank (PNB) and Bank of Baroda (BoB), having a combined holding of 45.21 per cent in the paid-up capital New Delhi: Sponsors of UTI Mutual Fund,...
Govt plans to ask lawyers to report clients’ dubious transactions- sources
"As jewellers, real estate agents, chartered accountants, and company service providers have been made reporting entities under PMLA, lawyers will be brought under the money laundering law next," one of the sources said NEW DELHI: The government is planning to ask...
How Europe is leading the world in the push to regulate AI
The measure, first proposed in 2021, will govern any product or service that uses an artificial intelligence system. The act will classify AI systems according to four levels of risk, from minimal to unacceptable. Riskier applications, such as for hiring or tech...
Rule changes to bolster insurance penetration, more players to enter the sector soon: IRDAI Chief
Debasish Panda, Chairman, IRDAI Four new firms have entered the nation’s insurance sector in the last year, and a few more are in various stages of enrollment, indicating the business environment is favorable, according to Debasish Panda, Chairman, IRDAI. Assets under...
US cyber insurance premiums soars by 50% as ransomware attacks increase
Ransomware attacks soared last year, pushing demand for coverage after the pandemic-induced work-from-home era also made remote workers more vulnerable to digital attacks. Those attacks also spurred companies and individuals to adopt more robust cybersecurity measures...
India earned USD 7,400 million through medical tourism in last decade: Officials
Medical tourism is a recognised export from two BIMSTEC members -- India and Thailand Kolkata: India generated an income of USD 7,400 million through medical tourism over the last decade, and the figure is expected to rise to USD 43,500 million in the next 10 years,...
Sitharaman chairs meeting of banks, insurance firms; reviews preparedness for cyclone ‘Biparjoy’
Niramala Sitharaman,Union Finance Minister ''MDs from the banks & insurance companies provided a detailed update on the precautionary measures for the #CycloneBiparjoy. During the meeting, Smt @nsitharaman stated that all Disaster Management protocols should be...
Fed keeps rates unchanged but signals 2 more potential hikes this year
Fed Chair Jerome Powell The Fed has raised its benchmark rate by a substantial 5 percentage points since March of last year — the fastest pace of increases in 40 years. WASHINGTON: The Federal Reserve kept its key interest rate unchanged Wednesday after having raised...
Fire in Kolkata airport, passengers panic
No casualty was reported Kolkata: A fire broke out near a departure gate of the Netaji Subhas Chandra Bose International Airport on Wednesday night, officials said. Firefighting arrangements were pressed into service to douse the blaze as panic-stricken passengers...
Zurich Insurance Group in talks to buy up to 51% stake of Kotak General Insurance for $400 million
Kotak, which is a relatively smaller general insurance player, is holding stake sale talks as it hopes to get an investor who can help them “turn around the business and grow faster”. Mumbai: Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General...
EU orders Google to break up digital ad business over competition concerns
It's the first time the bloc has ordered a tech giant to split up keys of business. The European Commission, the bloc's executive branch and top antitrust enforcer, said that its preliminary view after an investigation is that only the mandatory divestment by Google...
Emerging Risks: From frozen Arctic to hacking AI
Patrick Raaflaub, Swiss Re's Group Chief Risk Officer, said: "The concurrent increases in economic interests, environmental change and geopolitical tensions make the Arctic a hotbed for emerging risks and potential risk accumulation. With SONAR, we aim to proactively...
Putin says Russia thinking of ditching grain deal due to West’s ‘cheating’
Vladimir Putin, President, Russia "We are thinking about getting out of this grain deal now," Putin told a meeting of Russian war correspondents and military bloggers. "Unfortunately, we were once again cheated - nothing was done in terms of liberalising the supply of...
IRDA asks industry players to strictly comply with norms on reporting of `Cyber Security Incident’
All regulated entities are directed to scrupulously follow the provisions regarding reporting of incident to IRDAI and Cert-In. Further, the regulated entities are required to submit available details of `Cyber Security Incident' to the regulator in an enclosed format...