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Here is a masonry blog layout with no sidebarIRDAI grants compliance relief to general insurers and FRBs
Further IRDAI has decided that the FRBs and Lloyd’s India need not publish the half yearly and annual Revenue Account, Profit & Loss Account, Balance Sheet and Analytical Ratios etc. in the newspapers Hyderabad: Providing compliance relief, the insurance regulator...
Crypto collapse intensifies,Over $200 billion wiped off in a day
Cryptocurrencies have been swept up in a sell-off in risk assets, which has picked up steam this week as data showed U.S. inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening. The sell-off has taken the...
LIC IPO: Share price fixed at Rs 949, Govt raises Rs 20,560 crore
LIC share trading on the stock exchange is due to begin May 17 LIC’s debut comes at a time when capital-market activities have significantly slowed globally as the war in Ukraine stokes market volatility and saps investor appetite Mumbai: India raised Rs 20,560 crore...
Assisted driving systems struggle with collision tests: US consumer body
A fast-growing number of new vehicles are equipped with Automated Driver Assistance Systems, or ADAS, that partially automate functions such as steering, staying in a lane and braking. Tesla’s Autopilot is one of the best-known such systems, but most major automakers...
Study of diverse populations sheds light on Type 2 Diabetes
According to the study, the global prevalence of Type 2 Diabetes, a familial disease with severe morbidity has increased four-fold over the last three decades. South Asia, especially India and China are major hubs of this spurt. It is thought that Indians are...
South-west monsoon knocks at Andaman & Nicobar islands, early onset over Kerala likely
''Normally, monsoon advances over Nicobar Islands on May 15 and covers Mayabunder, the extreme north point in the Andaman islands by May 22,'' said India Meteorological Department Director General Mrutyunjay Mohapatra Most parts of north India experienced scorching...
World ‘at a crossroads’ as droughts increase nearly a third in a generation
From 1970 to 2019, weather, climate and water hazards, accounted for 50 per cent of disasters and 45 per cent of disaster-related deaths, mostly in developing countries. By 2030, an estimated 700 million people will be at risk of being displaced by drought.By 2040, an...
AXA launches mental health covers for Indian gr clients, partners with Manas for Mental Health Helpline
Ankur Nijhawan, CEO, AXA France Vie India Reinsurance Branch Ankur Nijhawan, CEO, AXA France Vie India Reinsurance Branch said, “Mental health is still ignored as a disease in India and we don’t provide primary care to the individuals who are dealing with it. At AXA...
Covers for Home, Micro and Small Businesses can be tailor-made: IRDAI
The new move will enable insurance companies to broaden the coverage already provided in the standard products by offering innovative add-ons or varying the existing provisions to meet the needs of the policyholders in terms of suitability and affordability Hyderabad:...
Chhattisgarh govt chopper crashes at Raipur airport,2 pilots killed
The incident took place during a flying practice at the Swami Vivekananda Airport in Raipur under Mana police station limits at around 9:10 pm, said Senior Superintendent of Police (SSP) Prashant Agrawal Raipur:A Chhattisgarh government helicopter crashed at the...
Randip and Mamta promoted as EDs in IRDA
After a long time, IRDA will have three executive directors as Suresh Mathur, who has gone to Hyderabad based Institute of Insurance and Risk Mangement (IIRM) as a director, is already an excecutive director of IRDAI Hyderabad: After a long hiatus, the insurance...
Investors lose nearly Rs 19 trn in five trading sessions
"Markets continued to remain under pressure in sync with global markets slump, as worries of more interest rate hikes coupled with sluggish economic growth going ahead weighed on sentiment. The ongoing conflict and lockdowns in China due to virus spread is promoting...
`Burning Cost’ can’t be quoted as a ‘mandated minimum rate’ to charge premiums by general insurers” IRDAI
Allowing general insurers to extend appropriate discounts, IRDAI has explained that ``The objective of Insurance Information Bureau of India (IIBI) publishing details of ``Burning Costs'' occupancy-wise is only to give information to insurers with regard to...
Aviva CEO Amanda Blanc says sexism in finance has got worse
Amanda Blanc,,Chief Executive Officer,Aviva Plc The insurance sector has been dogged by allegations of sexism in recent years A 2019 Bloomberg investigation uncovered evidence of endemic sexual harassment at the world’s oldest insurance market [Lloyd’s], including...
Mamata urges people to get treatment under govt health scheme within Bengal
Mamata Banerjee, chief minister, West Bengal ''Last year, Rs 36 crore went out of the state. The thing is we provide Rs 5 lakh for each Swasthya Sathi (card). If the treatment is done here, the money rolls within our state. The problem is that the money is going out...
Karnataka HC stays Centre’s notification on higher fee and penalty on aged vehicles
As per the notification, fee for renewal of registration of cars older than 15 years was enhanced from Rs 600 to Rs 5,000 and bikes from Rs 300 to Rs 1,000 Fitness renewal certificate fee for buses and trucks older than 15 years was enhanced from Rs 1,500 to Rs...
SC refuses to grant interim relief on pleas seeking stay on LIC IPO share allotment
“We are not inclined to grant any interim relief,” the bench said as it issued notice to the Centre and LIC on the batch of pleas seeking their response within eight weeks New Delhi: The Supreme Court on Thursday refused to grant any interim relief and stay the Life...
AXA S.A. receives regulatory approval to operate as a licensed reinsurer
The transformation of AXA S.A into the group’s internal reinsurer aims to enhance capital fungibility across AXA Group** , in line with AXA’s capital management policy Paris: AXA announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance...