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Reimagining Insurance:AI set to unlock next $4 billion profit opportunity in India
India’s Insurtech ecosystem is at a sizeable scale, with cumulative valuations crossing USD 15.8 billion and revenues growing reaching USD 0.9 billion in 2024 - a 10x increase since 2019. The sector has 2 unicorns, 8 players between USD 100 million to USD 1 billion...
Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector
``We see BIMA Sugam as an efficient consumer-facing platform, which is getting ready and at the back-end are the insurance companies. They have made a beginning as their products and services should be coming in the market in the next few quarters.''Ajay Seth,...
India Retirement Index Study: Balancing finance, health, and emotion
Sumit Madan, MD and CEO, Axis Max Life said, “IRIS 5.0 signals a clear shift towards smarter and more holistic retirement planning. Today’s consumers are showing greater health consciousness, higher product awareness, and sustained financial confidence. As health...
Jamaica’s insured losses from Hurricane Melissa likely to fall on reinsurers:AM Best
In its Best’s Commentary, “Jamaica's Insured Losses From Hurricane Melissa Likely to Fall to Reinsurers,” AM Best notes thatinsurance penetration in Jamaica is low as only a small portion of property is insured on the island, which will limit insured losses. OLDWICK,...
Starr to acquire IQUW group, set to become ninth-largest agency operating at Lloyd’s
Outside of the Lloyd’s market, Starr writes commercial non-life insurance globally, with coverage in over 170 countries across 6 continents. Following completion of the transaction, Peter Bilsby, IQUW Group’s chief executive officer, will lead Starr’s international...
World’s first Climate Resilience Bond issued by Tokyo Metropolitan Government
“This new bond label is a notable development for the market.The bond’s oversubscription “signals that the market is ready to allocate capital to these types of investments,”Melissa Cheok, associate director at Sustainable Fitch The Tokyo Metropolitan Government...
Hurricane Melissa makes Cuba landfall after lashing Jamaica
The hurricane is expected to result in property damages costing between $5 billion and $10 billion in Jamaica, according to an estimate by Cotality, a property intelligence company. Hurricane Melissa made landfall in Cuba less than a day after it became the strongest...
Catastrophe bond investors brace for Jamaica payout
Depending on exactly where Melissa hits Jamaica, total losses may range from $5 billion to $16 billion, according to Chuck Watson, a disaster modeler with Enki Research. Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as...
Cyclone Montha: Two dead in Andhra, crops suffer damage, CM Naidu says state minimised loss
N Chandrababu Naidu,Chief Minister , Andhra Pradesh Citing preliminary estimates, the government had noted on Tuesday that standing agricultural crops in as many as 38,000 hectares were destroyed due to the impact of Montha and horticulture crops in 1.38 lakh hectares...
Govt aggregating PSUs’ demand to ensure long-term charters for Indian carriers
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri "Oil marketing companies use vessels for crude imports. To reduce recurring cost through ownership of vessels (ships), we are aggregating PSU cargo demand to ensure long-term charters for Indian carriers,...
“We await the final report ” Air India CEO on Ahemedabad crash
Speaking at a conference in the national capital, Wilson also said the interim probe report into the crash indicated that there was nothing wrong with the aircraft, the engines and the operation of the airline. New Delhi: Air India CEO Campbell Wilson on Wednesday...
India-bound tanker carrying Russian crude U-turns in Baltic Sea
The vessel’s U-turn in the Fehmarn Belt occurred a week after the US slapped sanctions on state-owned Rosneft and fellow Russian oil giant Lukoil PJSC. Transactions involving the two companies must be wound down by Nov. 21, the Treasury Department said. An India-bound...
Cyclone Montha lashes India’s east coast; kills one
India's weather department has forecast extremely heavy rain on Wednesday for the coastal states of Andhra Pradesh, Odisha, Telangana and West Bengal with wind gusts of up to 90 kmph. The cyclone is expected to weaken to a deep depression later in the day....
Go Digit records a 31 per cent rise in net profit to Rs 117.00 crore in Q2 2026, ropes in former Defense Secy Aramane as independent director
Giridhar Aramane, former Defense secretary The company has appointed Giridhar Aramane, former Defense secretary as non-executive Independent director and . Michael Wallace as non-executive director, effective November 1, pending shareholder approval Mumbai: Go Digit...
India aims 70 pc carbon emission cut per tonne of cargo by 2047: Sarbananda Sonowal
“With our unique geography along key global trade routes, India is well placed to become a hub for green shipping corridors, connecting domestic and international markets through clean energy trade. To harness this opportunity, India has launched Green and Digital...
Star Health Q2 net profit falls 54 pc despite rise in revenue
Anand Roy ,MD and CEO, Star Health Insurance The fall in profitability comes despite improved topline performance, suggesting pressure on margins likely due to higher claim ratios and increased operating expenses Mumbai: Star Health and Allied Insurance Company on...
Trai, DoT concur on the view to display original name of caller by default
The exercise to start CNAM service across the globe started to prevent subscribers from fraud calls and check cyber crime activities like digital arrest, financial frauds etc. New Delhi:The telecom regulator Trai has agreed with the Department of Telecom to enable, by...
Study estimates 900 square kilometres of land across five Indian megacities subsiding
Land subsidence can compound threats from flooding and earthquakes. When the ground beneath a city sinks unevenly, it can weaken foundations, damage utility lines, and amplify structural vulnerability, said researchers , including those from the US' Virginia...