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Ayush treatments:All India Institute of Ayurveda and GI Council sign MOU for revamping claim settlement
Lto R- P.K. Prajapati, director, All India Institute of Ayurveda, S Prakash, CEO, Health, GI Council, Vaidya Rajesh Kotecha,secretary, Ministry of Ayush,Prataprao Jadhav, Minister of State (Independent Charge), Ministry of Ayush,Bejon K. Misra, executive committee...
U.S. cyber insurance market bounces back,raises underwriting risk:Fitch
While the market remains profitable, deteriorating incurred direct losses and the growing influence of artificial intelligence signal increasing underwriting complexity for property/casualty insurers, says Fitch Ratings. U.S. cyber insurance direct written premiums...
Energy Insurance:Globally downstream market saw gross losses of $6.8 billion in 2025
In Asia, the upstream market also remains decisively buyer-friendly, underpinned by another year of benign loss experience and insurers’ view of Asia as a core growth region. The lack of major upstream energy losses through 2025 has reinforced the region’s status as...
Aon appoints Jeff Alpaugh as its chief commercial officer, Risk Capital
“Demand for integrated Risk Capital capabilities continues to grow as organizations navigate more uncertainty and higher‑stakes capital decisions'' Jeff Alpaugh, chief commercial officer, Risk Capital, Aon DUBLIN:Global re/insurance broker Aon plc appointed of Jeff...
West Asia Conflict:Risks for global insurers could rise under protracted Iran conflict
Gulf insurers are heavily reinsured but global reinsurers have reduced exposure to the region. For diversified reinsurance groups, Fitch views the conflict at this stage as an earnings event driven by specialty lines. Rating implications from the Iran conflict will be...
HDFC Life’s net profit grows 4% to Rs496 crore in Q4FY26, receives Rs 1,000 crore from HDFC Bank
"Looking ahead, we expect a gradual shift in the product mix as customers rebalance toward long-term savings and protection in an environment of greater uncertainty," HDFC Life MD and CEO Vibha Padalkar Mumbai:HDFC Life Insurance posted a fall in quarterly new...
Akasa Air, SpiceJet planes come in contact at Delhi airport; suffer damages
In a statement, SpiceJet said its Boeing 737-700 aircraft was involved in a ground occurrence while taxiing at the Delhi airport, resulting in damage to its right winglet and the left-hand horizontal stabiliser of another aircraft belonging to a different airline. New...
US rules out renewal of exemption from sanctions on Russian Iranian oil
On March 5, the US issued a 30-day sanctions waiver to India, permitting it to buy Russian oil despite sanctions imposed over the Ukraine war. “We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil....
Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source says
Hundreds of tankers and other ships and 20,000 seafarers have been stuck inside the Gulf since the war began on February 28. A two-week ceasefire came into effect on April 8 and U.S. President Donald Trump said on Wednesday the war was close to over, but control...
Polo Managing Agency supports launch of Syndicate 2047
Syndicate 2047 began underwriting on 1 April 2026 and is the first Lloyd’s syndicate established in GIFT City, India’s international financial centre, marking a significant milestone for the market. London: Polo Managing Agency (PMA), part of PoloWorks, a Marco...
Nagaraju asks LIC to monetise massive data from its 29 crore policies
Lto R- Dinesh Pant, managing director(MD), LIC, R. Doraiswamy, MD and CEO,M Ngaraju, secretary,Department of Financial Services,Ratnakar Patnaik,MD at an event in Mumbai to launch LIC’s Customer App ‘MyLIC’, Nagaraju suggested the four multiline PSU general insurers,...
Trump says Iran war ‘close to over’; Pakistan army chief arrives in Tehran to mediate
U.S. President Donald Trump "I think it’s close to over, yeah. I mean I view it as very close to over," Trump said in an interview on Fox Business Network conducted Tuesday and broadcast Wednesday. DUBAI/WASHINGTON: U.S. President Donald Trump said the war he...
ICICI Lombard General Insurance net profit rises 7.3% to Rs546 crore in Q4FY26
Though the company's combined ratio has improved from 102.50 per cent in Q4FY25 to 101.21 per cent in Q4FY26, its underwriting losses have flared up by 34 per cent to Rs 282,38 per cent during the said period. New Delhi: ICICI Lombard General Insurance, the second...
Majority of Indian firms hit by ransomware in 2025 pay over Rs 12 cr on average:Report
"According to the Exposure Management Research report, for the full year of 2025, 65 per cent of affected Indian organisations paid ransoms, with average pay-outs reaching USD 1.35 million," according to the Manufacturing Threat Landscape 2025 report released on...
Banks act as agents for customers, presenting stale cheques constitutes deficiency in service: SC
A bank receiving cheques for collection acts as an agent of the customer and is under an obligation to exercise due diligence in presenting the instruments within the prescribed validity period. The failure to do so, resulting in the instrument becoming stale, in the...
W Asia crisis:India’s exports plunge 7.44 pc in March; trade gap narrows
"Exports to the Middle East in March dropped by $3.5 billion… this has impacted goods exports in the month," Rajesh Agrawal, India's trade secretary, told reporters in New Delhi, referring to the impact of Iran war on exports The trade data underscore the opposing...
Sebi inks pact with DoT for data sharing to curb fraud in securities market
SEBI said DoT has developed a Digital Intelligence Platform (DIP), which is a secure framework for real-time intelligence sharing and coordination among various stakeholders, to combat cybercrime and financial fraud by enabling proactive action against the misuse of...
Gold ETFs attract Rs 31 561 crore in March quarter amid geopolitical tensions
During the year, folio numbers in gold ETFs increased by 54.28 lakh to 1.24 crore in March 2026 from 69.69 lakh in March 2025. This indicates a growing inclination among investors towards funds related to gold. According to Meshram, Gold ETFs remain appealing because...