SIRC 26
Indian
Non-life insurers to suffer longer from pandemic: Liberty General CEO
The two waves of the deadly viral infection so far have bled the general insurance industry to the tune of around Rs 27,000 crore as over 2 million customers have made industry-wide claims till early July, according to Roopam Asthana, managing director and chief executive of the mid-scale non-life player Liberty General Insurance.
Of this, the whole of FY’21 saw only about claims worth Rs 14,500 crore from around 9.8 lakh customers. As against this, the first three months of FY’22 alone have seen close to 12 lakh customers seeking over Rs 13,000 crore in refunds or cashless hospitlisation, he said and added that this is only from the second wave and no one knows what is in store for the industry as the world is fearing a third wave.
Rajasthan announces Rs 5 lakh compensation for kin of those killed in rain-related incidents
Tap water for rural homes: Chattisgarh lagging in 30th position, says Union minister
“Some states have done good work. Telangana, Goa, and two Union Territories have achieved a cent-percent target. Some states have set targets to complete work under the mission by 2021, while some by 2022 and 2023. There are 74 districts and over 1,000 village panchayats in the country where all rural households have a tap water connection,” he said.
IDBI Bank strategic sale: 7 firms in race for transaction advisor
International
Achim Kassow inducted into Munich Re Board, to be in charge of Asia Pacific and Africa
Weinstein,insurers,accusers have reached tentative $47 mn settlement
The money would be paid by Weinstein Co.’s insurance firms, according to the person, who asked not to be identified because the agreement isn’t yet public. The settlement would still require the approval of the courts and the parties involved. About a third of the money is expected to go to lawyers. Weinstein Co. is in bankruptcy proceedings
Trov and Sompo partner to expand global mobility solutions
Catering to the needs of new transportation businesses such as micro-mobility, car-sharing, ride-hailing, and autonomous vehicle fleets, the partnership will leverage Trov’s Vehicle Activity API to identify risks and create new experiences for the operators and customers of the mobility platforms, all based on data received from connected vehicles and devices.
Insurtech, Data help Canadian farmers cut lending, insurance costs
Canadian farmers — grappling with with lower crop income,...
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