ICICI Lombard gets notice for GST of Rs. 273 crore
ICICI Lombard has received a show-cause notice from the Directorate General of GST Intelligence that has demanded Rs 273 crore in taxes. The demand relates to GST on salvage and…
Marsh on championing resilience amid cost-efficiency drives
Cost-of-living pressures, inflation, climate risk, cyber risk, supply chain concerns, geopolitical instability – the dance card of risk managers is full and it’s no surprise that the social capital commanded…
Swiss Re identifies new emerging risks
From the opening-up of previously frozen waterways in the Arctic to hackers tampering with artificial intelligence, the emerging risk landscape is multi-faceted. The 11th edition of Swiss Re's SONAR report…
Earthquakes, thunderstorms, floods: Natural disaster figures for the first half of 2023
The first half of 2023 is a continuation of the recent run of years with high losses. While the overall losses of US$ 110bn were lower than those in the…
Emerging Asia to drive global economic growth, says Swiss Re
Emerging Asia is expected to be the main contributor to global economic growth in the coming years, according to Swiss Re Institute's latest sigma report. With the reopening of China's economy this year leading…
Maharashtra ready to implement health coverage for all citizens
Maharashtra is set to roll out a health cover for all its citizens, a first of its kind, top health authorities said. As the Centre’s Ayushman Bharat Pradhan Mantri Jan…
‘Life Insurers’ premium growth may be muted
Life insurers are likely to report subdued premium growth for the first quarter of the current fiscal year following strong top-line growth in the fourth quarter of FY23. Post the…
HDFC Life gets GST demand of Rs. 942 crore
HDFC Life said that it has received a notice from tax authorities related to a demand for Rs. 942 crore towards Goods and Services Tax (GST) dues between July 2017…
Insurance firms in new push to hire, retain employees
Insurance firms are increasing their workforce by more than 200% and are coming up with three-month notice periods, higher incentive programmes, and referral policies where employees can earn a part…
Life insurance sector needs to maintain growth momentum
Life insurance companies put up a decent show in the month of June. As per the monthly data from Life Insurance Council, the overall annualized premium equivalent (APE), a key…