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IRDAI forms panel to suggest ways to insure drone technology
Among other issues,the committee will make recommendations relating to design and development of product/s meeting the needs of RPAS owners and operators, including Third Party Liability,make recommendations relating to underwriting of such risks including the re-insurance perspective and examine any other relevant matter relating to the subject.
IRDAI asks insurance industry to guard against large-scale phishing attack campaign against Indian individuals and businesses
Any unusual activity or attack should be reported immediately to cert-in at incident@cert-in.org.inin the format prescribed by Cert-In (https://www.cert-in.org.in/PDF/certinirform.pdf)under intimation to IRDAI at infosec@irdai.gov.in.
The IRDAI has further said it has been brought to the notice of the authority that a website using domain name- www.irdaionline.org.in is advertising to the general public on sale of insurance and exams conducted by IRDAI. This domain name is not authorized by the authority.
Railways cancels all regular train services till August 12
GIC Re’s net profit almost doubles to Rs 1197 crore in Q4 FY 2019-20,Annual gross prm exceeds Rs 51k in 2019-20
Devesh Srivastava, CMD, GIC C Re, said, “GIC Re has maintained its market standing in both domestic and foreign businesses. However, fiscal 2020 has seen the Insurance Industry register severe claims World-wide as well as in India. The explosion of the Covid-19 Pandemic has further aggravated the situation leading to an impact on the financial markets and the economy in general.”
He added that the highlight, however, has been a strong performance in the fourth quarter with a profit after tax of Rs. 1,197 crore which has offset a large proportion of the losses incurred in the three quarters of the year 2019-20.
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