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Here is a masonry blog layout with no sidebarGeneral insurance industry’s premium surge by 25 % to Rs 15,275 crore in May
Led by ICICI Lombard General Insurance, the private sector general insurers’ total premium has grown by 17 per cent y-o-y to Rs 8034 crore in the month of May The private sector general insurers have increased their market share to 51.84 per cent(47.92 per cent) in...
Air quality panel bans use of coal in Delhi-NCR from next year
However, the use of low-sulphur coal in thermal power plants has been exempted from the ban New Delhi: The Commission for Air Quality Management (CAQM) has issued directions to ban the use of coal in industrial, domestic and other miscellaneous applications in the...
AXIS Re to exit property reinsurance business, Ann Haugh will replace Arora as new CEO
“The decision to close our Property Reinsurance business was not taken lightly and was driven by the significant and increasing effects of climate change and the challenges faced by the catastrophe reinsurance market. We are committed to doing all we can to help...
Hong Kong tops the list of World’s 20 most expensive cities for expats
Higher prices and a stronger currency over the past year kept the Asian city at the top of the tree, according to ECA International, which carried out its research in March this year. London and Tokyo round out the top five Hong Kong is the world’s most expensive city...
RBI raises key lending rate by 50 basis points to check raging inflation
Shaktikanta Das.Governor,RBI RBI Governor Shaktikanta Das said that real GDP for FY23 is seen at 7.2%, and that for Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1%, and Q4 at 4%. The inflation projection for the current financial year is seen at 6.7% and for Q1 at 7.5%, Q2 at...
PB Fintech co-founder sells firm’s shares worth Rs 230 cr
According to bulk deal data available with the National Stock Exchange (NSE), Dahiya sold a total of 37,69,471 shares of PB Fintech The shares were sold at an average price of Rs 610.24 apiece, taking the transaction size to Rs 230 crore New Delhi: PB Fintech...
Upgrading Indian Insurance Regulatory Framework
After 20 years of liberalisation, stage is set for larger reforms to leapfrog the Indian industry to the next level By C.L. Baradhwaj The Indian Insurance industry has crossed 20 years after privatisation. As per IRDAI’s Annual Report, insurance penetration for the...
IRDAI wants commission costs to be displayed on policy papers, to streamline Expense of Management structure for insurers
Rakesh Joshi, member (Finance and Investment), IRDAI Rakesh Joshi, member (Finance and Investment),IRDAI, had met chief financial officers (CFOs) of insurance companies and outlined IRDA's agenda of laying out a clear cut road map on expenses of management so that...
LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark
LIC had fixed the issue price of its shares at Rs 949 apiece after a successful IPO, which was over subscribed nearly 3-times when it closed on May 9 Mumbai: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and...
Ukraine war and cyber resilience combine to temper global ransomware activity: Howden report
Shay Simkin, Global Head of Cyber, Howden, commented: “Market conditions remain difficult, but two potential tailwinds may help companies and insurance carriers as this year progresses. The first is off the back of more favourable ransomware trends following...
Gallagher Re continues to strengthen APAC region with senior hires
Mark Morley, Managing Director of Asia Pacific at Gallagher Re, said, “ These latest senior appointments build out our strategic analytical, actuarial and client engagement capabilities across the wider Asia Pacific region, which continues to be a significant growth...
Australian court asks Google to pay politician over defamatory YouTube videos
By continuing to publish the content, Google breached its own policies of protecting public figures from being unfairly targeted and "drove lawmaker John Barilaro prematurely from his chosen service in public life and traumatised him significantly," judge, Steve Rares...
49 killed in fire at Bangladesh chemical container depot
“The fire was caused by chemicals including hydrogen peroxide, making the situation difficult,” fire service chief Brigadier General Mohammad Mainuddin told reporters at the scene where the firefighters were trying to extinguish the blaze amid intermittent explosions...
Menopause discrimination cases are on a rise in UK Employment Courts
Employment tribunals involving menopause increased by 44% in 2021, with 23 cases referencing it compared to 16 the previous year, according to analysis of court data by Menopause Experts Group, a group that provides menopausal education services and information to...
Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids
As firms market their environmental, social and governance-related (ESG) credentials in an attempt to tap the trillions of dollars looking to have climate- and socially friendly impact, regulators are beginning to dig deeper into their claims FRANKFURT: The chief...
India achieves 10% ethanol blending target in petrol ahead of schedule: PM
Prime Minister Narendra Modi In his address, the prime minister said India has also achieved its goal of having 40 per cent of its installed power generation from non-fossil fuel-based sources nine years before the deadline India's forest cover had grown by over...
Carmakers feel chip crisis easing as global growth slows
Even as demand for cars boomed, auto manufacturers have had to curtail output as plants globally could not source enough chips critical for increasingly computerised vehicles The outages have been so severe that global passenger car output has barely shown signs of...
Another rate hike on cards, say experts ahead of RBI’s MPC meeting
Recently in a TV interview, the governor said that the ''expectation of rate hike is a no-brainer, there will be some increase in the repo rates, but by how much I will not be able to tell now but to say that 5.15 may not be very accurate''. Mumbai: With inflation...