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India expands Russian marine insurance options
India has also extended the registration of Russia's Soglasie Insurance, Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance until February 20, 2027, to provide protection and indemnity (P&I) cover for ships. It has allowed Dubai-based Islamic...
Health insurance prm hits Rs1.37 trillion,surges 15.4 % in FY 26, Fire replaces Crop as 3rd largest industry portfolio
With No1 position, Health Insurance share in the Indian general insurance industry has inched up to 40.80 per cent in FY 26 from 38.63 per cent in FY25 In a noteworthy development, though, there has been no premium hike in the premium of mandatory TP Motor cover, for...
APAC Cat Report:Economic losses of $76 bn,Insured losses at $7 bn in 2025, says Aon
Extreme heat is also emerging as one of Asia Pacific’s most consequential climate risks, with rising temperatures placing increasing strain on public health systems, infrastructure and workforce productivity, Across the region, working hours lost to heat stress have...
Top panel headed by Cabinet Secy Somanathan to interview candidates tom to select 2 new IRDAI members
While for the member, Actuary, a lot of professional actuaries including from Life Insurance Corporation have applied, for member, Distribution, three serving CMDs of PSU general insurance companies,along with other professionals, are in the race. New Delhi: A top...
Govt may hike FDI limit in pension sector; Bill likely in Monsoon Session
Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise the FDI limit in the pension sector may come in the Monsoon Session or Winter Session depending on various approvals, sources said. Currently, the FDI in pension fund is...
Illegal groundwater extraction in Najafgarh: NGT issues notice to Delhi govt, others
The green body was hearing a plea claiming unauthorised extraction by “private tanker mafia” operators in a plot in the Pankaj Garden locality of the area. New Delhi:The National Green Tribunal has sought a response from the Delhi government and others on the alleged...
SC issues pan-India directions for road safety, says expressways should not become corridor of peril
"The loss of even a single life to avoidable hazards like illegal parking or blackspots etc., represents a failure of the State's protective umbrella. The 'Right to Life' enshrined under Article 21 of the Constitution of India is not merely a guarantee against the...
Some tankers cross Strait of Hormuz before shots fired, ship-tracking data shows
U.S. President Donald Trump said on Friday Iran had agreed to open the strait, while Iranian officials said they wanted the U.S. to fully lift its blockade of Iranian tankers.Western shipping companies cautiously welcomed the announcements but said more clarity was...
US renews sanctions waiver for purchase of Russian oil
Earlier, the US had granted an exemption from sanctions to India for buying Russian oil for a month beginning March 5. A few days later, a similar waiver was extended to several other countries, which ended on April 11. Washington:The United States has extended by a...
Govt says El Nino threat to agri sector manageable due to better irrigation and reserves
Shivraj Singh Chouhan,Union Agriculture Minister India has expanded micro-irrigation networks, introduced climate-resilient seed varieties and strengthened early-warning systems - changes the government said have materially reduced the sector's vulnerability. New...
Govt approves Rs950 cr BMI Pool along with Rs12,980 cr Sovereign Maritime Fund,to support Indian linked vessels at affordable cost
Earlier, looking beyond the ongoing West Asia crisis, which has severely paralysed global maritime trade and as a permanent measure,the Government and the Indian general insurers, led by state owned GIC Re, New India Assurance(NIA) and other general insurers, have...
Prudential plc appoints Amit Dave as CEO of Indian health JV
Ami Dave Naveen Tahilyani, Regional CEO, Prudential, said “ Amit will lead Prudential Health India through its next phase of growth, including securing regulatory approvals and building a differentiated health proposition that is fully aligned with Prudential’s global...
Women financially active but lack tailored advice, reveals HSBC report
The report explains that financial fluency goes beyond basic education and requires adaptable planning aligned with different life stages. It noted that static financial advice often fails to address dynamic needs such as career changes, caregiving responsibilities,...
IRDAI retains obligatory at 4% for GIC Re in FY26-27
The government has notified the move, on Friday, saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only, though, there are two other Indian reinsurers- Valueattics Reinsurance Company and Allianz Jio...
Iran says Hormuz ‘completely open’ for duration of ceasefire,Shipping companies remain cautiously
“In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Foreign Minister Seyed Abbas Araghchi said in a social media post Trump said that the Naval...
Global Cat Report:Q1 of 2026 records $37 bn of economic losses and $20 billion of insured losses
The report highlights Q1 economic losses of at least $37 billion (Q1 2025: $113 billion) –the lowest since 2015 and 43 percent below the 21st century Q1 average – and insured losses of more than $20 billion, six percent higher than the 21st century average. Flooding...
Beazley launches a new Marine War consortium,to provide $1 billion of Lloyd’s capacity
Adrian Cox, CEO at Beazley, said,“I’m proud that the Marine market, in which we are a leader, continues to play a vital role in maintaining continuity of trade amidst ongoing conflict.'' Patrick Tiernan, CEO at Lloyd’s, said,“I welcome the launch of this timely and...
Global GDP to rise by USD 56 trillion in next 5 years driven by AI, quantum computing and other technologies: WEF
The report flagged several risks that could act as headwinds, including rising debt levels, societal polarisation, and the impact of climate change New Delhi:The global economy is expected to expand significantly over the next five years, with global GDP projected to...