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Indian general insurance industry’s prm rises 16.50 % to Rs 2,56 trillion in fy2022-23, pvt sector captures 61.56% market share
Though, the actual figures are yet to be known for the whole year, this the second year, when the health business will be largest portfolio of the industry, followed by motor and crop At the end of Fy 2022-23, the four public sector general insurers, NIA,United India...
Climate change can lead to global outbreaks in dengue, Chikungunya: WHO
These diseases, that spread from mosquitoes to people, are causing an increasing number of outbreaks worldwide, with climate change, deforestation and urbanisation being some of the major risk factors, that allow mosquitoes to adapt better to new environments and...
RBI to set up portal to search across multiple banks for unclaimed deposits
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to RBI by public sector banks (PSBs) in respect of deposits which were not operated for 10 years or more Mumbai: The Reserve Bank on Thursday announced to set up a centralised portal to...
RBI holds the key lending rate at 6.50% after six repo rate hikes in a row
Shaktikanta Das,Governor, Reserve Bank of India The monetary policy committee (MPC), which has three members from the central bank and three external members, retained the key lending rate or the repo rate at 6.50%, in a unanimous decision Retail inflation...
Sequoia Capital’s $8.5m funding for a startup improving fleet driver behaviors with telematics
It's a marketplace worth $76B today and set to grow to $214B in the next 6 years. LightMetrics is powering the global vehicle telematics industry with intelligent video capabilities as revenues grow 3x while customer numbers cross 2,500 fleets globally. Their flagship...
Total global reinsurance capital shrinks 12% to $638bn in 2022:Gallagher Re report
The drop in capital was driven by a decline in the value of investments. There was also a conspicuous absence of new capacity, despite the potential attraction of much tightened pricing and terms and conditions Perhaps most notably, for the first time in the past ten...
Howden accelerates growth in the Gulf with the establishment of Howden Bahrain
Dalal Buhejji, Executive Director of Business Development for Financial Services at the Bahrain Economic Development Board, said: “In line with the Financial Services Sector Development Strategy under the Kingdom’s Economic Recovery Plan which outlines an overall...
Kotak General Insurance partners with actyv.ai for providing MSME cover
Mumbai: Kotak Mahindra General Insurance (Kotak General Insurance) on Wednesday has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro,Small and Medium Enterprises (MSME) companies. Jagjeet Singh Siddhu, Head of Multiline Business, Kotak...
Covid infection accelerates dementia progression, India study shows
The research, published in the Journal of Alzheimer's Disease Reports, found that participants with all subtypes of dementia experienced rapidly progressive dementia following infection with SARS-CoV-2.Insights into the impact of COVID-19 on human cognition has so far...
Cases of substandard pharma products: Pharmexcil talking to authorities abroad to retain confidence
This assumes significance on the backdrop of two recent incidents of alleged cough syrup adulteration/sub-standard items found in products exported to Gambia and Uzbekistan New Delhi: Cases of substandard pharma products: Pharmexcil talking to authorities abroad to...
India reports 4, 435 coronavirus cases in 24 hours, highest in past six months
In the wake of rising COVID-19 cases in India, Union Health Minister Mansukh Mandaviya on Monday said that Omicron's sub-variant which is circulating in the country has not led to an increase in hospitalisations and there is no need to worry. New Delhi: A total of...
NHAI to provide hospitalisation insurance cover to road accident victims on all four arms of the Golden Quadrilateral stretch: Gadkari
Road Transport and Highways Minister Nitin Gadkari Replying to a separate question, Gadkari said the National Highways Authority of India (NHAI) has envisaged a cashless treatment facility on all four arms of the Golden Quadrilateral stretch -- Delhi-Mumbai,...
Cost of 651 essential medicines down 7 pc from April as govt caps ceiling prices
In a tweet, the national drug price regulator said the government has been able to fix the ceiling prices of 651 medicines so far out of the total 870 scheduled drugs listed under National List of Essential Medicines (NLEM) New Delhi: Cost of 651 essential medicines...
Mukesh Ambani ranks 9th in Forbes World’s Billionaires List 2023, highest in Asia
While Forbes' global count of billionaires slipped from 2,668 last year to 2,640 in 2023, the tally in India improved from 166 in 2022 to 169 this year. Forbes noted that falling stocks, wounded unicorns and rising interest rates translated into a down year for the...
Automobile retail sales see double-digit growth in FY23; PV offtake at record high
The two-wheeler segment fell to a seven-year low with total retail sales of 1.59 crore last year. On sales outlook for the current fiscal, the industry body noted: ''As the high-growth period has now passed, FY24 is expected to see tapered growth in the low single...
UN maritime agency raises concerns about shadow oil tanker fleet
Countries including Spain, Australia, the U.S. and Canada are part of a push at the IMO to increase oversight of the murky activities in oil trading that have emerged within the last year. Russia’s invasion of Ukraine — and subsequent sanctions by Western governments...
PM Modi calls for integrated response to disasters
Prime Minister Narendra Modi In his video address at the International Conference on Disaster Resilient Infrastructure 2023, he noted that 40 countries have become part of the Coalition for Disaster Resilient Infrastructure in a few years New Delhi: Prime Minister...
April 1 renewals: Reinsurers maintain discipline, focus on pricing and contract improvements, Gallagher Re
``Despite this more uniform and global approach, a client-led underwriting process remained evident. Clients and markets who had seen significant price increases and tightening of reinsurance conditions in recent years consequently experienced more measured...