Welcome to My Blog
Here is a masonry blog layout with no sidebar
Eight Indians among 10 killed in Maldives garage fire: Indian High Commission official
In a tweet earlier, the Indian High Commission said, “We are deeply saddened by the tragic fire incident in Malé which has caused loss of lives, including reportedly of Indian nationals. We are in close contact with the Maldivian authorities” Male: Eight Indians were...
African insurers take up climate change fight with $14 bln pledge
The newly created African Climate Risk Facility(ACRF) will provide protection for 1.4 billion people against floods, droughts and tropical cyclones by providing $14 billion of climate risk insurance by 2030 to African sovereigns, cities, humanitarian organizations and...
COP27: Regulators plan closer scrutiny of carbon markets
The International Organization of Securities Commissions (IOSCO), which groups securities regulators from across the world, made recommendations to improve ‘compliance’ carbon markets, and asked whether regulators should be more involved in ‘voluntary’ carbon...
Explainer: COP27: How climate change impacts countries around the world
Countries with territory in the Himalayan mountains or its foothills, including China, India, Nepal and Pakistan, could face sudden flooding events, the report said. As the ice melts, water can pool behind rocky ridges to form lakes. And when those rocks give way,...
GIC Re net profit surges 85% to Rs 1,860 crore in Q2 FY2023
Devesh Shrtivastav, CMD, GIC Re GIC Re has performed well in the last couple of quarters, despite uncertain market condition owing to sanction, political upheaval, wear and tear of war crises, and vagaries of climate change. I think, we weathered the Pandemic...
COP27 UN conference- GFIA calls for collective action to prevent loss of life and reduce economic losses
Serving policyholders at all the milestones in their lives, (re)insurers play a crucial role in addressing climate-related risks, primarily through their measuring, pricing and assumption of risk and thus through their payment of insured claims — including life and...
Insurers take up `GST evasion’ issue with Govt, Revenue Secy Bajaj assures fair investigation and no coercive actions
Tarun Bajaj, revenue secretary, ministry of finance The government has said investigations by the Directorate General of GST Intelligence, Mumbai Zonal Unit have revealed that input tax credit of Rs 824 crore has been availed by 16 insurers, out of which an amount of...
FinMin finalizes framework for sovereign green bonds
These rupee-denominated papers will have long tenure to suit the requirement of green infrastructure projects. New Delhi: The Finance Ministry has finalized the framework to issue sovereign green bonds in line with global standards, according to sources. The...
Census, NPR databases declared as critical information infrastructure
The computer resources of all associated dependencies of the aforementioned entities have also been declared as “protected systems” under the law New Delhi: The government has declared certain databases related to the Census and the National Population Register (NPR)...
At least 6 dead as 6.3-magnitude earthquake hits Nepal; tremors felt across north India
The National Earthquake Monitoring Centre of Nepal said a 6.6-magnitude quake was recorded at 2.12 am. The epicentre was Doti district. Mild aftershocks were also felt in the Uttarakhand-Nepal region at 3:15 am and 6:27 am. The NCS said the magnitude of the two...
COP 27-World Bank will host facility for climate disaster risk – Malpass
World president David Malpass said announced the new instrument, called the Global Shield Financing Facility, at a meeting with German Chancellor Olaf Scholz, who has spearheaded the effort among G7 members to create a program to give vulnerable countries access to...
Allianz to pause paid Twitter ads for now – spokesperson
German insurer and asset manager Allianz will halt its paid advertising on Twitter for now, a spokesperson said on Monday, the latest in a wave of similar moves by companies in the wake of Elon Musk’s takeover of the social media platform.
Tesla changes insurance incentive scheme in China to urge purchases
Tesla delivered 71,704 China-made electric vehicles (EVs) in October, down 14% from a record high in September, according to the China Passenger Car Association last week Tesla Inc. said it has raised insurance incentives for car orders in China placed before Nov. 30,...
Over 27 million children at risk from devastating record-setting floods
UNICEF says that this year, floods have contributed to the increased spread of major killers of children, such as malnutrition, malaria, cholera and diarrhoea, and that the aftermath of floods is often more deadly for children than the extreme weather events that...
Govt and households spend more on hospitalisation in pvt hospitals than in public hospitals: IIT Jodhpur
The average total spending per day of hospitalisation in India was found to be Rs 2,833 for public hospitals and Rs 6,788 for private hospitals, added IIT Jodhpur statement. Jodhpur: The Indian Institute of Technology (IIT) Jodhpur research gave a comparative study on...
General insurance industry’s prm rise 16% to Rs 20,423 crore in Oct, pvt sector gains market share by 2%
The private sector general insurers have further expanded their market share to 51.34 per cent till October-2022 as against 49.24 per cent in the year-ago period. The four PSU general insurers have continued to lose their market share to 33.13 per cent till Oct -2022...
“APAC Cyber markets to become more buyer-friendly as new capacity becomes available and rates continue to stablise”
In an exclusive interview with Asia Insurance Post, Adam Peckman, Head of Cyber Solutions – Asia Pacific and Global Head of Cyber Risk Consulting – Cyber Solutions, Aon,speaks about the emerging trends in APAC Cyber Insurance markets What is the size of Cyber market...
Strained Cities: India’s predicted urban boom
Natural catastrophes are forecast to cause more and more misery for India’s cities as the planet’s climate warms and makes weather more volatile India is projected to see an explosion in its urban population in the coming decades, but its cities already cannot cope...