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Niva Bupa Health Insurance Q2 profit more than doubles to Rs 62 cr
Gross written premium increased to Rs 1,843 crore during the quarter under review compared to Rs 1,777 crore in the same period a year ago. New Delhi: Standalone health insurer Niva Bupa Health Insurance Company Ltd on Monday reported more than twofold jump in net...
Carmakers post record sales in Oct driven by festive demand GST rate cut
"In October, we did a retail of 2,42,096 units, which is a growth of almost 20 per cent over the last year," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told reporters in a virtual interaction. It was the highest-ever retail...
Allianz Trade extends geographical footprint to new location Vietnam
Despite potentially facing higher US tariffs than its ASEAN peers, Vietnam's strengthening position in global trade and global supply chains is expected to continue to underpin broader economic growth in the medium-term, fuelled by exports (especially in the...
Fintech body flags UPI dominance by American companies, seeks measures for fair competition
In its letter, IFF said the current structure poses "systemic concentration risks" that could stifle innovation and competition over time. It called on the government to take corrective steps to level the playing field for smaller players and sustain diversity within...
UIDAI unveils ‘Aadhaar Vision 2032’ framework to strengthen digital identity through AI, advanced encryption
"The Aadhaar Vision 2032 framework will focus on leveraging cutting-edge technologies such as Artificial Intelligence (AI), Blockchain, Quantum Computing, Advanced Encryption, and next-generation Data Security mechanisms," the ministry said New Delhi: Unique...
Generali Central Life Insurance launches Term ULIP
Generali Central Life Insurance (erstwhile Future Generali India Life Insurance) has launched a Term with Unit Linked Insurance Plan (TULIP)-Generali Central Sampoorna Samadhaan Plan. This innovative offering combines robust life protection with long-term wealth...
Reimagining Insurance:AI set to unlock next $4 billion profit opportunity in India
India’s Insurtech ecosystem is at a sizeable scale, with cumulative valuations crossing USD 15.8 billion and revenues growing reaching USD 0.9 billion in 2024 - a 10x increase since 2019. The sector has 2 unicorns, 8 players between USD 100 million to USD 1 billion...
Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector
``We see BIMA Sugam as an efficient consumer-facing platform, which is getting ready and at the back-end are the insurance companies. They have made a beginning as their products and services should be coming in the market in the next few quarters.''Ajay Seth,...
India Retirement Index Study: Balancing finance, health, and emotion
Sumit Madan, MD and CEO, Axis Max Life said, “IRIS 5.0 signals a clear shift towards smarter and more holistic retirement planning. Today’s consumers are showing greater health consciousness, higher product awareness, and sustained financial confidence. As health...
Jamaica’s insured losses from Hurricane Melissa likely to fall on reinsurers:AM Best
In its Best’s Commentary, “Jamaica's Insured Losses From Hurricane Melissa Likely to Fall to Reinsurers,” AM Best notes thatinsurance penetration in Jamaica is low as only a small portion of property is insured on the island, which will limit insured losses. OLDWICK,...
Starr to acquire IQUW group, set to become ninth-largest agency operating at Lloyd’s
Outside of the Lloyd’s market, Starr writes commercial non-life insurance globally, with coverage in over 170 countries across 6 continents. Following completion of the transaction, Peter Bilsby, IQUW Group’s chief executive officer, will lead Starr’s international...
World’s first Climate Resilience Bond issued by Tokyo Metropolitan Government
“This new bond label is a notable development for the market.The bond’s oversubscription “signals that the market is ready to allocate capital to these types of investments,”Melissa Cheok, associate director at Sustainable Fitch The Tokyo Metropolitan Government...
Hurricane Melissa makes Cuba landfall after lashing Jamaica
The hurricane is expected to result in property damages costing between $5 billion and $10 billion in Jamaica, according to an estimate by Cotality, a property intelligence company. Hurricane Melissa made landfall in Cuba less than a day after it became the strongest...
Catastrophe bond investors brace for Jamaica payout
Depending on exactly where Melissa hits Jamaica, total losses may range from $5 billion to $16 billion, according to Chuck Watson, a disaster modeler with Enki Research. Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as...
Cyclone Montha: Two dead in Andhra, crops suffer damage, CM Naidu says state minimised loss
N Chandrababu Naidu,Chief Minister , Andhra Pradesh Citing preliminary estimates, the government had noted on Tuesday that standing agricultural crops in as many as 38,000 hectares were destroyed due to the impact of Montha and horticulture crops in 1.38 lakh hectares...
Govt aggregating PSUs’ demand to ensure long-term charters for Indian carriers
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri "Oil marketing companies use vessels for crude imports. To reduce recurring cost through ownership of vessels (ships), we are aggregating PSU cargo demand to ensure long-term charters for Indian carriers,...
“We await the final report ” Air India CEO on Ahemedabad crash
Speaking at a conference in the national capital, Wilson also said the interim probe report into the crash indicated that there was nothing wrong with the aircraft, the engines and the operation of the airline. New Delhi: Air India CEO Campbell Wilson on Wednesday...
India-bound tanker carrying Russian crude U-turns in Baltic Sea
The vessel’s U-turn in the Fehmarn Belt occurred a week after the US slapped sanctions on state-owned Rosneft and fellow Russian oil giant Lukoil PJSC. Transactions involving the two companies must be wound down by Nov. 21, the Treasury Department said. An India-bound...