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Here is a masonry blog layout with no sidebarGovt replaces BBB with Financial Services Institutions Bureau(FISB) for selecting top management of PSU banks & insurers
FSIB will be a single entity for making recommendations for appointments of executive directors, and non-executive chairmen in PSU banks, CMDs, general managers and directors of public sector insurers, said the DoPT order With setting up of FISB, the selection...
IRDAI sets stiff annual premium targets for life insurers for next 5 yrs, eyes 6.18% penetration by 2027
To grow faster, the insurers need capital and IRDAI is planning to enlarge the basket of instruments through which they can raise capital Life Insurance Corporation has to mobilise almost a total premium Rs 16 lakh crore , HDFC Life Insurance(Rs 2.66 trillion),SBI...
Cryptocurrencies a clear danger to financial systems: RBI Governor
In the foreword to the 25th issue of the Financial Stability Report (FSR) released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention "We must be mindful of the emerging risks on...
Over 50K startup employees stare at job loss as India prepares for 200 unicorns
Nearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU's (White Hat Jr, Toppr), Unacademy, Vedantu, Cars24, Mobile Premier League (MPL), Lido Learning, Mfine, Trell, farEye, Furlanco and more Industry experts say...
Munich Re appoints Tobias Frenz as CEO of its Singapore Branch, Surbhi Goel to head, P&C in Singapore & Southeast Asia
As CEO Singapore, Frenz will be responsible for overseeing Munich Re’s long-term growth ambition in this important market, as well as our commitment to being a great employer that is dedicated to developing our diverse talent here.'' said Daniel Cossette, Chief...
Mass shooting insurance rates in U.S. jump as incidents rise
Demand for such insurance has risen following recent shootings, including the murder of 19 children and two teachers at a Texas elementary school last month, the United States' worst school shooting in nearly a decade Active shooter insurance typically covers victim...
NITI Aayog report forecasts 100 pc electric 2-wheelers penetration by FY27
The sale of electric two-wheelers may cross 220 lakh units by FY2028-29, it said. Based on the analysis, the report said that India is at a crossroads and a shift to electric mobility, particularly, in the two-wheelers segment, may happen faster than anticipated A...
India’s urban population to stand at 675 mn in 2035, behind China’s 1 bn: UN
By 2035, the percentage of the population in India at mid-year residing in an urban area will be 43.2 percent, said the United Nations-Habitat's World Cities Report 2022 China's urban population in 2035 is projected at 1.05 billion while the urban population in Asia...
LIC may unveil its new embedded value by July 15
Further to its earlier announcement on May 30th 2022, the corporation has informed that the exercise of determining the IEV as on March 31, 2022, may take some more time to get completed. Once completed and after requisite approvals, the required public disclosures of...
Antoine Bavandi appointed as Gallagher Re’s Global Head of Public Sector, Parametric & Climate Resilience Solutions
Antoine will lead Gallagher Re’s newly established Public Sector & Climate Resilience Solutions global practice, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact London: Gallagher...
Swiss Re signs MoU with IIRM to enhance capability building programs in India’s insurance industry
(Lto R) Amit Kalra, Swiss Re's Head GBS Centres India and Suresh Mathur, MD,IIRM at the MOU signing event in Hyderabad Hyderabad: Swiss Re signed a memorandum of understanding (MoU) with the Institute of Insurance and Risk Management (IIRM), an organisation dedicated...
Populous Chinese province kicks off disaster insurance trials
The cities are encouraged to boost insurance coverage as much as their financial resources allow, the Henan government said China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by...
Acrisure Re partners with Mahindra Insurance Brokers in preferred broker agreement
Matthew Harvey, head of broking at Acrisure Re fac, said: “India is an important and growing market with significant demand for facultative solutions. This agreement is further evidence of our commitment to expanding our footprint and capabilities partnering with a...
Cyber pirates can now penetrate modern ships’ key operations
Hapag-Lloyd AG, Germany’s largest shipping line, announced in April that it’ll become the first carrier to equip its entire fleet of containers with real-time tracking devices. Most of the large container lines use remote sensors for functions like monitoring engine...
Bajaj Allianz Gen launches product to provide global health insurance coverage
Tapan Singhel, MD and CEO at Bajaj Allianz General Insurance Global Health Care product offers one of the widest sum insured ranges available in the Indian market which starts from Rs 37.50 lakh to Rs 3.75 crore (USD 1,00,000 to USD 10,00,000) Mumbai: Bajaj Allianz...
Digital ads dominate FY22, ASCI takes help of AI-based tracking system
In this, the education sector remains the single largest violative sector, followed by health care and personal care The Advertising Standards Council of India (ASCI) on Tuesday said it has set up a digital tracking system and is using Artificial Intelligence-based...
Employees in India feel showing more emotions at work boosts productivity: LinkedIn report
Globally, Indian and Italian workers come out on top as the funniest workers globally, with over a third (38 per cent) cracking a joke at least once a day Mumbai: Majority of employees feel that showing more emotions at work makes them more productive and boosts their...
Vulnerability driving emerging-world climate policy commitments: WTW analysis
Of 62 nations and territories assessed in the WTW Political Risk Index, the governments of Bangladesh, Malaysia, the Philippines, Chile, and Senegal are most strongly committed to prioritising climate when making public policy. Understanding a country’s vulnerability...