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Here is a masonry blog layout with no sidebarGallagher promotes James Kent to lead Global Insurance Strategic Relationships
In this role, James will be responsible for establishing and driving the framework that determines how Gallagher connects with its major strategic partners in the (re)insurance eco-system, including further investment in capital advisory and portfolio solutions....
China’s Ping An Insurance posts 17.6% drop in 2022 profit
“Household consumption recovery still faced many challenges, which continued to have an impact on Ping An’s long-term life & health protection insurance business,” it said. Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value,...
Banking fears spread across global markets
While stocks recouped some of their losses on Tuesday, investors remain wary of the banking fallout and what it means for the Federal Reserve's interest rate-hiking campaign going forward and the overall stability of the financial sector Just as the panic over the US...
Govt unlikely to roll back tax plan on high-value life insurance, say govt officials
The move, which will come into effect for policies issued from April 1, has rattled insurers, with top company executives meeting Finance Minister Nirmala Sitharaman and finance ministry officials to petition them to reconsider the proposal. New Delhi: The Indian...
Deepak Mohanty appointed as PFRDA chairman
Deepak Mohanty, chairman, PFRDA Mohanty was a member(Economist),PFRDA and had recently retired from the regulatory body New Delhi: The government on Tuesday has appointed Deepak Mohanty, a former member of the Pension Fund Regulatory Development Authority( PFRDA), as...
EU’s climate stress now to include insurers
The inclusion of insurers marks an expansion of the region’s preparations for the transition of the financial sector. Insured losses from climate change hit about $120 billion in 2022, according to data compiled by Munich Re, and the industry is generally seen as at...
Bitcoin jumps to highest since June as rally gathers pace
Major cryptocurrencies have been buoyed in recent days by U.S. authorities announcing plans to limit the fallout from the collapse of Silicon Valley Bank (SVB). U.S. authorities' action helped stabilise the major USDC stablecoin, whose issuer Circle had deposits of...
Cabinet Secretary tells states, UTs to be adequately prepared as hotter than normal summer is expected in 2023
Cabinet secretary informed that DoA&FW has constituted an Expert Committee headed by Agriculture Commissioner to monitor and mitigate terminal heat stress in Wheat. Further, the Crop Weather Watch Group (CWWG), an inter-Ministerial Committee reviews the crop...
Bandhan Group mulls foray into insurance business
The group is open to both the organic and inorganic routes and is in talks with many general insurance companies for a potential acquisition, the report said, without disclosing any names BENGALURU: Bandhan Group, which mainly has banking, mutual fund and microfinance...
No. of cancer cases in India projected to go up from 14.6 lakh in 2022 to 15.7L in 2025: Govt
Bharati Pravin Pawar,Minister of State for Health Elaborating on the steps taken by the government in this regard, Minister of State for Health Bharati Pravin Pawar said a population-based initiative for prevention, control and screening for common non-communicable...
1,997 killed, 18,54,901 hectares crops damaged in disasters in 2022-23: MoS Nityanand Rai in Lok Sabha
Citing information furnished by states, the Minister said these details included the losses caused due to hydro-meteorological disasters that occurred during 2022-23, as on March 7, 2023. New Delhi: Due to hydro-meteorological disasters during the year 2022-2023, a...
Govt taking steps to make India $5 trn economy ‘at an early date’: FinMin
The IMF's World Economic Outlook earlier said the size of the Indian economy will increase from USD 3.2 trillion in 2021-22 to USD 3.5 trillion in 2022-23 and cross USD 5 trillion in 2026-27. Some of the important measures taken by the government in the past to boost...
Flood Risk: shifting from a responsive to an anticipatory approach
Only 17% of global losses were insured between 2007 and 2021, with the biggest protection gaps in developing countries, where insurance is often not available. Flood risk is pervasive and set to increase. According to Marsh McLennan estimates, 1 out of 3 people...
Centre approves Rs 1,816 crore to five states as disaster relief
According to an official statement, the assistance will be provided to Assam, Himachal Pradesh, Karnataka, Meghalaya and Nagaland for floods, landslides and cloudburst that occurred during 2022 New Delhi: A High Level Committee, headed by Home Minister Amit Shah, has...
Govt plans new security testing for smartphones, crackdown on pre-installed apps
India's IT ministry is considering these new rules amid concerns about spying and abuse of user data, said a senior government official "Majority of smartphones used in India are having pre-installed Apps/Bloatware which poses serious privacy/information security...
Zuckerberg was warned on social media addiction, says a US court filing
Mark Zuckerberg,CEO,Meta The case in Oakland comprises a collection of scores of complaints filed across the US on behalf of adolescents and young adults who allege that Facebook, Instagram, TikTok, Snapchat and Google’s YouTube caused them to suffer anxiety,...
Over $70 bn wiped off global crypto market, Bitcoin drops below $20,000
Two crypto-friendly banks Silvergate Capital and Signature Bank collapsed last week, and billions of dollars belonging to crypto exchanges got stuck. New Delhi: The collapse of three banks in the US, including the giant Silicon Valley Bank (SVB), within a week has...
Centre mulling taking action against e-pharmacies over data misuse
"Health Ministry has taken note of malpractices reported in the sector which lead to concerns over data privacy, sales of medicines without prescription, and predatory pricing," the source added The notice was issued to online pharmacies including Tata 1mg, Amazon,...