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AICL partners with Wingsure to provide curated insurance products and digital management services to farmers
Malay Poddar, CMD, AICIL, said, "We firmly believe that technology implementation is key to providing insurance and thereby protecting the underserved. Through our association, we will utilise the Wingsure technology platform to support our vision of how farmers can...
8 mid-air incidents in 18 days: DGCA issues show-cause notice to SpiceJet
As a DGCA review of the incidents showed that ''poor'' internal safety oversight and ''inadequate'' maintenance actions have resulted in ''degradation'' of the safety margins of SpiceJet, the airline's chief Ajay Singh asserted it will be ''doubly careful'' and...
Soaring inflation rates and Ukraine war push 71 million into poverty globally, warns UNDP
"Unprecedented price surges mean that for many people across the world, the food that they could afford yesterday is no longer attainable today/,This cost-of-living crisis is tipping millions of people into poverty and even starvation at breathtaking speed and with...
New Covid Omicron sub-variant found in India: WHO
Tedros Adhanom Ghebreyesus said. Ghebreyesus,World Health Organisation Director-General WHO Chief Scientist Soumya Swaminathan said that there has been an emergence of a sub-variant that is being called the BA.2.75 "First reported from India and then from about 10...
General insurance industry’s premium rise by 23% to Rs 54,492 crore in Q1Fy 20222-23
The four PSU multiline general insurers -New India Assurance, Oriental Insurance Company, United India Insurance, National Insurance Company- have further lost around four per cent of their market share to private sector competitors in Apr-June period. Mumbai:...
Universal Sompo General Insurance launches retail health plan
As part of its efforts to focus on retail health products, Universal Sompo General Insurance has launched Complete Health Insurance plan with added features for retail consumers. The product is a comprehensive health insurance cover that includes a slew of new...
Around 30 flight incidents occur per day in India, majority have no safety implications: DGCA chief
Arun Kumar, chief of aviation regulator DGCA In a statement on Wednesday, Arun Kumar, chief of aviation regulator DGCA said: ''On an average, about 30 incidents do take place, which includes go around, missed approaches, diversion, medical emergencies, weather issues,...
Vistara aircraft engine fails after landing at Delhi, passengers safe
In a statement, a Vistara spokesperson said: “After landing in Delhi, while taxing to the parking bay, IDG on our flight UK122 (BKK-DEL) had a minor electrical malfunction on 05 July, 2022. Keeping passenger safety and comfort in mind the crew elected to tow the...
Europe’s resilience test for banks’ climate risk is softer than expected
Banks participating in the exercise had to estimate how events such as floods would impact mortgage values, or how big a hit they faced if corporate clients defaulted after a spike in carbon prices Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer...
German Road Traffic Agency recalls Tesla models Y and 3, finds fault in their automatic emergency call system
The KBA watchdog said on its website dated June 29 that a software flaw was causing a breakdown of the eCall, which is designed to automatically contact emergency responders in the event of a serious accident FRANKFURT: Germany’s road traffic agency said it was...
IRDAI allows `Floater’, `Pay as You Drive’ and `Pay How You Drive’ in motor OD policies
The concept of Motor Insurance is constantly evolving. The advent of technology has created a relentless pace for the insurance fraternity to rise up to interesting yet challenging demands of the millennials. The general insurance sector needs to keep pace with and...
CoWin to be repurposed into platform for universal immunisation, blood donation: R S Sharma
RS Sharma,CoWIN chief and CEO of the National Health Authority “CoWin is now repurposed to become a platform for universal immunization, for blood donation and probably a little later for organ donation platform also. So I think we will slowly work towards ensuring...
Razorpay shared donor data with police without informing, Alt News alleges
In a statement, Razorpay, without referring to the specific allegation of Alt News, said that it was mandated to comply with the written order from legal authorities under the provisions of the law New Delhi: Fact-checking website Alt News on Tuesday alleged that...
Corporate defaults may rise again on cost pressures: Report
Somasekhar Vemuri, a senior director, Crisil, said recent trends in the default rate reflect a K-shaped recovery, which has been faster and sharper for larger and mid-sized corporates whereas MSMEs have borne a disproportionate impact of the pandemic Mumbai: Rating...
Many non-Russian shipowners still transport Russian crude, reap big rewards
Shippers can earn around $1.6 million hauling Russian ESPO oil on a small tanker from the eastern port of Kozmino to China, said shipbrokers. That’s around triple the amount prior to the invasion of Ukraine, based on data compiled by Bloomberg. The lucrative trade has...
Gallagher Re & Africa Re team up to address protection gap in Africa
Antoine Bavandi, Global Head of Public Sector, Parametric & Climate Resilience Solutions at Gallagher Re, added: “We are thrilled to begin this journey with Africa Re and its partners. We will be putting to work our expertise in various domains to come up with the...
Bajaj Allianz Life launches QR Code enabled services for its customers
Pune: In an industry-first initiative, Bajaj Allianz Life Insurance has launched QR Code Enabled Services, that provides customers access to 15 popular services on their phone After scanning the QR Code available in the company’s 509 branches, they can make premium...
Twitter sues Indian govt on its content takedown orders
The U.S. social media company's attempt to get a judicial review is part of a growing confrontation with New Delhi over content regulation. Twitter was warned by India's IT ministry of criminal proceedings if it did not comply with some orders New Delhi: Twitter is...