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Iran Foreign Minister Aragchi offers seven-day plan to end conflict, open Hormuz and restart peace talks
Iran's foreign Minister Syed Abbas Aragchi "We have introduced a plan to the United States through the intermediators that if certain conditions are met, the Strait of Hormuz would be open on the end of the seventh day and talks would restart...it would be better, if...
Meta misled consumers in case over Cambridge Analytica scandal, jury says
The lawsuit accused the company of making statements that misled New Mexicans about how their personal information would be shared with third parties; how it handled hate speech and misinformation on the platform; and whether it gave some users preference in how it...
The report finds that cybersecurity is now the top business insurance risk with uninsured losses in the sector projected to rise from $171 billion in 2023 to over $700 billion by 2030. Meanwhile, climate related uninsured losses such as extreme weather, floods and...
Airbus detects surface coating issue with A321 neo fuselage; some IndiGo planes see impact
Around a dozen of A321 neo planes with IndiGo have been impacted, the sources said while there is no impact on the aircraft in the Air India fleet New Delhi: Airbus has detected a quality issue with the surface protection coating on the fuselage of a significant...
India moves up on WEF’s travel & tourism index to 31st place; Japan on top
Japan is followed by the US, Spain, Australia and France in the top five positions on the World Economic Forum index developed in collaboration with Zurich Insurance Group New Delhi: Helped by its highly cost-competitive travel environment and rich cultural resources,...
Dinesh Pant resigns as MD of LIC, to join as member, Actuary,IRDAI soon
With Pant's departure, LIC has now vacancies of two managing directors.Going by the rules, for one of the MD posts, for the first time, private sector candidates can apply. New Delhi: The government has accepted the resignation of Dinesh Pant, 59, managing director,...
Interconnected Risks: AI and supply chains open new pathways to systemic stress, find Swiss Re and LSE
Ivan Gonzalez, chief executive officer of Corporate Solutions at Swiss Re, said: "A company may look diversified until you discover that its suppliers, technology providers and customers depend on the same infrastructure. One disruption can therefore affect more parts...
The emerging Multinational Benefits Guide by Howden Employee Benefits examines how companies are managing employee benefits across different markets. It looks at Indian companies with overseas operations as well as foreign-owned businesses in India and highlights the...
IRDAI plans sweeping reset of insurance distribution, say experts
“The changes would directly affect automobile dealers, OEM-linked brokers, insurers and other motor insurance distributors quite drastically. By reducing upfront earnings from new-vehicle policies and tightening dealer-linked arrangements, the proposals could further...
Keralam govt forms panel to roll out Oommen Chandy Health Insurance Scheme with Rs 25 lakh cover
V.D. Satheesan,Chief Minister, Keralam Three insurance-sector veterans have been appointed as expert members: Girish Radhakrishnan, former CMD of United India Insurance Company, P. J. Joseph, former CMD and former Member (Non-Life) of IRDAI; and K. Sanath Kumar,...
UN chief calls for AI pact to prevent rise of killer robots
Antonio Guterres,secretary general of the United Nations “We are witnessing an extraordinary transfer of power away from government to a handful of private corporations and individuals,” Antonio Guterres,secretary general of the United Nations, said as he appealed for...
Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk
“This new platform will enhance the value of the broker-client relationship by equipping our brokers with data-driven insights and greater efficiency. This gives them more time to deliver tailored insurance solutions that reduce our clients’ total cost of risk,...
Europe faces more than $500bn climate adaptation cost
The summer of 2026 laid bare how exposed the fastest-warming continent is to the fallout of rising temperatures, as wildfires, droughts and heat waves impacted commodities supplies, damaged crops and left a dent in productivity. In response, Europe is now broadening...
Future of Claims Management: Simplified, smarter and seamless for general insurance customers
The ability to submit claims through dedicated microsites or mobile apps can slash claim intimation lead times and help insurers in subsequent claims processing without the need to deploy additional human resources. Varsha Gujarathi, Chief Customer Officer, Universal...
Canopius strengthens APAC Underwriting and Claims capabilities with 3 key appointments
The appointments reflect Canopius' ambition to continue building market-leading specialty underwriting and claims capabilities across APAC. Singapore: Canopius Group, a leading global specialty and P&C (re)insurer, today announced the appointments of Richard...
HC can enhance compensation even without claimant appeal: Lucknow bench
The court made the observation while dismissing an appeal filed by the National Insurance Company Ltd against an award of the Faizabad Motor Accident Claims Tribunal. The tribunal had awarded ₹7.20 lakh to the family of one Sabhajeet Tadmali. The high court enhanced...
Insurance and bank stocks erase $14 billion on IRDAI’s fee cap plan
PB Fintech, which owns Policybazaar, plunged as much as 34%, while Turtlemint dropped 20%. Shares of HDFC Life, Bajaj Finserv, the holding company for Bajaj Life and Bajaj General Insurance and Max Financial Services, the holding company of Axis Max Life Insurance...
India’s insurance sector sees resilient growth, but profitability, productivity remain key challenges: McKinsey
Between fiscal years 2017 and 2025, the number of in-force individual life insurance policies has remained essentially flat, at around 330 million,” which further indicates insurance has yet to fully benefit from the country’s wider financial inclusion gains. The...