Indian News
LIC listed at Rs 867, 8.62% discount over its issue price of Rs 949, over 1 cr shares exchange hands
Tuhin Kanta Pandey, secretary, DIPAM (L) and MR Kumar, chairman, LIC at the LIC's listing ceremony at BSE on Tuesday...
GI Council looks for a new secretary general
With the new IRDAI chairman Debasish Panda having already announced that the GI Council will be converted into an out...
Heat waves, floods and heavy rain: India battling climate change and it is getting worse, warn experts
The scientists said if the frequency of heat waves continues as is predicted, these will adversely impact food, water...
International News
Allianz to pay $6 bln over Structured Alpha fraud, fund manager charged
According to court papers, Allianz Global Investors US LLC will plead guilty to a securities fraud charge, while the...
Tesla cars, Bluetooth locks, vulnerable to hackers – researchers
“This proves that any product relying on a trusted (Bluetooth Low Energy)BLE connection is vulnerable to attacks even...
Sanofi ordered to compensate French family for epilepsy drug side effects
The latest ruling,states that Sanofi must have known the risk that the drug, if taken by pregnant women, could cause...
Costa Rica Cyber ransomware highlights sovereign cyber-risk: Fitch
Newly inaugurated President Rodrigo Chaves Robles declared a national emergency on 8 May in response to the continuing...
Briefs
Govt appoints Mandakini Balodhi as its nominee director in New India Assurance
The government has appointed Mandakini Balodhi, director, ministry of finance, as one of its nominee directors with...
Govt mulling integrating helpline numbers to improve emergency response
Emergency Response Support System (ERSS) is a Pan-India single number (112) for citizens in emergencies while 1098 is...
Interviews
“Millennial buyers and the maturity of digital tools will bring about profound change in insurance distribution models”
How do you see the situation triggered by the Covid-19 Pandemic and its extensive impacts on insurers? The...
“Traditional products will become simpler and standardized,the demand will be more for innovative products to cover emerging risks”
How do you see the broad trends in the Indian general insurance industry? The Industry has been growing at...
“Our strategy is to increase footprint in the developed economies while maintaining and growing market share in our part of the world”
Which are the segments of business where GIC Re is seeking leadership globally? GIC Re has emerged as a major...
Articles
Insurance Protection: Rising inequality in advanced markets take $ 252 billion toll
Guido Fürer, Group Chief Investment Officer of Swiss Re said,"There is a growing opportunity for private capital to...
Shipping losses fall, but Ukraine war, costly issues with large vessels muddy the waters: Allianz
“The insurance industry is likely to see a number of claims under specialist war policies from vessels damaged or lost...
Heat waves-testing the limits of human survival in India
Daily power outages driven by a surge in demand for electricity have resulted in blackouts as long as eight hours in...
Data
Investors lose over Rs 6.47 trn in two days amid global market crash
"We expect markets to remain volatile amid worries about inflation and its impact on corporate earnings, while also...
India-1.06 cr domestic passengers travelled by air in March; around 38 pc more than Feb: DGCA
The passenger load factors, which means occupancy rates, were above 80 per cent for all Indian private carriers in...
34 per cent of Pakistan’s population lives on just Rs 588 a day income: World Bank
The poor spend around 50 per cent of their total consumption on food items, the World Bank said in the report released...
Facts
Assisted driving systems struggle with collision tests: US consumer body
A fast-growing number of new vehicles are equipped with Automated Driver Assistance Systems, or ADAS, that partially...
Study of diverse populations sheds light on Type 2 Diabetes
According to the study, the global prevalence of Type 2 Diabetes, a familial disease with severe morbidity has...
After first Covid jab, beneficiary needs to schedule second with same mobile number: Govt
In case a beneficiary uses a separate mobile number for the second dose and schedules a vaccination, it will...