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Here is a masonry blog layout with no sidebarPMS’ asset base rises 17% to Rs 25.4 trn in July, shows Sebi data
The increase in AUM of the PMS industry is in line with the recovery in broad markets and heightened interest from HNIs (High Networth Individuals) and family offices in PMS structures, Abhay Agarwal, Founder, and Fund Manager of Sebi-registered portfolio management...
Poor mental health of employees costs Indian employers $14 bn yearly: Deloitte survey
The survey dives into the top stressors from an employee's perspective, along with an estimate of the yearly economic cost to Indian companies arising from poor employee mental health. Poor mental health amongst employees costs Indian employers around USD 14 billion...
General insurance industry’s premium grow 12% to Rs 24,471 crore in Aug
Gross premium underwritten by general insurance companies has gone up by 18.57 percent to Rs.102,357 crore during the five months ended August 2022 The market share of private players also increased to 50.23 percent during the period from 47.90 percent a year ago...
Insurers receiving claims for damaged vehicles due to floods in Bengaluru
Majority of claims would be related to vehicle damage. Bengaluru: Insurance companies have started receiving claims for the vehicles damaged due to floods in India's IT hub Bengaluru. Incessant rain and and consequent waterlogging in many parts of the city led to...
MS Amlin strengthens its Singapore team with six new hires
The new appointments will bolster MS AAP’s underwriting and claims expertise, with four hires to the Reinsurance division and an additional hire to the Political Violence, Trade Credit and Political Risks team London: MS Amlin Underwriting Limited (MS AUL), the...
SC rejects Bagic’s plea against Bombay HC order on crop claims
Earlier, the top court had on June 16 stayed a Bombay High Court order which asked Bagic to compensate over 3.5 lakh farmers under the PMFBY for the loss of soybean crop due to heavy rainfall in 2020.The vacation bench had asked the insurance company to deposit Rs 200...
Industry headwinds fail to dampen ILS Success, Aon Report
The study reveals that ILS capital remained relatively stable at $95 billion through June 30 – a reduction of approximately 2 percent relative to the $97 billion recorded in the prior-year period. CHICAGO: Aon plc in its annual report, published today, about the...
India: Just 44 pc of premium office space green certified; Green buildings command higher rent,Report
The seven cities are Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. ''It is imperative to look at growing the overall certification coverage if we are to look at achieving the net-zero pledge of 2070 for India, with real estate set to play a...
India extends emissions deadline for coal-fired plants for third time
India extended a deadline for coal-fired power plants to install equipment to cut sulphur emissions by two years, the government said in a notification on Tuesday, marking the third pushback on a commitment to clean up dirty air. Indian cities have some of the world's...
DCGI nod to Bharat Biotech’s intranasal Covid vaccine for restricted emergency use
''Big Boost to India's Fight Against COVID-19! Bharat Biotech's ChAd36-SARS-CoV-S COVID-19 (Chimpanzee Adenovirus Vectored) recombinant nasal vaccine approved by @CDSCO_INDIA_INF for primary immunization against COVID-19 in 18+ age group for restricted use in...
Rear seat passengers not wearing seat belt will soon attract fine: Nitin Gadkari
Road Transport and Highways, Nitin Gadkari said “A notification will be issued in the next three days that if one doesn’t wear a seat belt while sitting on the rear seat of a car, he or she will be penalised The highest number of people dying in road accidents in...
Global reinsurance capital down, profits and solvency up at H1 2022: Gallagher Re Report
Total global dedicated reinsurance capital of $647 billion at the half year reflects a decrease of $82 billion versus the end of 2021. The most important driver is $78 billion of realised and unrealised investment losses due to the sell-off in fixed income and equity...
Howden launches ‘World-First’ voluntary carbon credit insurance product, to help scale the market
Capacity comes from the Lloyd’s market, with Nephila’s Syndicate 2357 as the lead market Charlie Langdale, Head of Climate Risk and Resilience at Howden, says: “For the voluntary carbon market to grow to $50bn by 2030, buyers need to be able to trust that the carbon...
Floods in Pakistan cause economic loss to the tune of USD 12.5 billion
Poverty and unemployment will go up manifold from 21.9 per cent to over 36 per cent. Some 37 per cent population was hit by poverty after floods in 118 districts, as estimated by the Pakistan government Islamabad: The estimated economic loss to Pakistan from floods...
Future Generali Gen to settle TP claims of Cyrus Mistry and co-passenger killed in car crash
Families of both Cyrus Mistry and Jahangir Pandole who were in the back seats of ill fated Mercedes SUV and died in the accident will be the claimants of third party(TP) motor claims as Indian insurance laws define all passengers in a private vehicle are covered under...
Focus back on road crash deaths as Cyrus Mistry meets fatal accident near Mumbai
The data showed a majority (59.7 percent) of the road accidents were due to over-speeding, accounting for 87,050 deaths and injuries to 2.28 lakh persons. New Delhi: The fatal road accident involving former Tata Sons chairman Cyrus Mistry on Sunday once again brought...
Wage Revision: Demand for pay parity with LIC rejected, Govt set to notify 12% hike for PSU general insurance industry
GIPSA officials are meeting the ministry officials on Monday to work out the final details of wage revision and the date of notification.. in a late afternoon development on Sunday, the National Confederation of General Insurance Officers' Association in a letter to...
FPI inflows hit 20-month high of Rs 51,200 cr in Aug
FPIs had turned buyers for the first time in July after nine straight months of massive net outflows, which started in October last year. Between October 2021 till June 2022, they withdrew Rs 2.46 lakh crore from the Indian equity markets New Delhi: Foreign investors...