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Here is a masonry blog layout with no sidebar60 pc consumers in APAC, including India, will prefer hybrid EVs in future: Study
Within APAC, 85 per cent of consumers were aligned with these key priorities, consisting of 92 per cent of Millennials, 83 per cent of Gen Xers and 72 per cent of Baby Boomers prioritise sustainability the highest. Consumers are driving the growing emphasis on...
Insurers are committed to making a bigger impact on mental health, says Geneva Association report
For life and health insurers, who absorb related financial shocks through disability and income protection insurance, this is manifest in paying out close to USD 15 billion in mental health-related disability insurance claims annually. In many countries, this number...
SBI General implements a doorstep crop policy distribution mega drive
SBI General, one of India's leading General Insurance Companies, has carried out a massive PMFBY (Pradhan Mantri Fasal Bima Yojana) Policy Distribution Drive - "Meri Policy Mere Haath" under the "Azaadi Ka Amrit Mahotsav" Campaign to support Indian farmer communities...
PNB MetLife opens 20 new branches
PNB MetLife, one of India’s leading life insurers, has announced the launch of 20 new branches across India. PNB MetLife already has an extensive distribution network in the country with over 135 branches and opening up these new branches is in line with their...
India, soon world’s most populous nation, doesn’t know how many people it has
According to UIDAI, 1.30 billion people were enrolled under Aadhaar on December 31, 2022, against a projected population then of 1.37 billion. The gap would mostly be children who are not enrolled and deaths that are not updated, the former UIDAI official said. NEW...
HDFC Ergo General plans to raise Rs3 billion through 10- yr bonds
The private insurer has invited coupon and commitment bids from bankers and investors on Thursday,. MUMBAI: India's HDFC Ergo General Insurance plans to raise Rs 3 billion ($36.18 million) selling subordinated bonds maturing in 10 years, two merchant bankers said on...
Bird flu spreads to new countries, threatens non-stop ‘war’ on poultry
Outbreaks of the virus have continued in North and South America, Europe, Asia and Africa, undefeated by summer heat or winter cold snaps, since a strain arrived in the United States in early 2022 that was genetically similar to cases in Europe and Asia The virus...
RiverStone’s landmark third-party reinsurance-to-close deal with MS Amlin, largest in Lloyd’s history
London: RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Limited to provide MS Amlin Syndicate 2001 (“MS Amlin”) with a Reinsurance-to-close...
IIB to set up tech platform ’Bima Satark’ to detect fraudulent health insurance claims
Prasun Sikdar, MD&CEO, ManipalCigna Health Insurance The process has been initiated on 18th January by the IIB ``Insurance Satark comes as a boon for the health insurance industry, as it helps us in detecting fraudulent claims. It is only for the health insurance...
Niva Bupa weighs stake sale at $2 billion valuation: Report
True North may consider selling some of its stake, the people said. A deal could also involve issuing new shares, one of the people said, asking not to be identified as the information is private. Mumbai: An Indian general insurer backed by British United Provident...
ManipalCigna launches a specialized plan for seniors
A customer between 56 to 75, after meeting the underwriting eligibility, can buy the plans and if an existing customer pay premium annually even after reaching 75, the cover will continue for him/her till death The sum insured options range from Rs. 3 lacs to Rs 50...
InsuranceDekho raises $150 million to grow SME business
The deal,the largest-ever Series A round for an Indian insurance technology company, was led by Goldman Sachs Asset Management and participated by TVS Capital Funds Investcorp, Avataar Ventures and LeapFrog Investments Based in Gurgaon outside New Delhi, the company...
New Zealand declares national emergency as Cyclone Gabrielle wreaks havoc
While New Zealand was now through the worst of the storm, more rain and high winds were expected. The country was suffering from extensive flooding, landslides and damage to roads and infrastructure, Kieran McAnulty, minister of emergency management said New Zealand...
Adani crisis unlikely to spill over to other Indian conglomerates
Gautam Adani, chairman, Adani Group The crisis has raised questions about India’s credibility as a global growth engine and a destination for international investors. Earlier this month, MSCI reduced the free float of four companies owned by Adani, while Moody’s...
5 state-owned general insurers’ total exposure to Adani at Rs 347.64 cr: MoS Finance
Bhagwat Karad,Minister of State for Finance "As per data received from Public Sector General Insurance companies, namely New India Assurance Company Ltd, United India Insurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Company Ltd and General...
Kotak Mahindra Bank plans minor stake sale in its general insurance arm
The process could draw potential strategic partners as well as financial investors Deliberations are at an early stage, details of a deal such as size and structure could change and the lender could decide not to go ahead with the stake sale, the people said. A...
MP: Health survey shows at least 50 per cent of Indore residents suffering from some ailment
The report of the survey helmed by the Indian Medical Association's Indore Chapter and the Red Cross Society 'Around 48 per cent residents had some abnormality in one test, 9.5 per cent had enhanced blood sugar levels, 17 per cent had high cholesterol levels, 6 per...
Micro quakes preventing large-scale event in India but country prepared for any eventuality: Experts
According to the Ministry of Earth Sciences, 59 per cent of India's land mass is prone to earthquakes. Zone V is seismically the most active region, while Zone II is the least. Around 11 per cent of the country' area falls in Zone V, 18 per cent in Zone IV and 30 per...