Zurich Insurance Group AG announced a 7% increase in profits for the first half of the year, outperforming analysts' expectations despite challenges posed by adverse weather conditions. Zurich Insurance Group…
Reentry into Crop Insurance Shriram General Insurance Company (SGIC) will reenter the crop insurance sector after a seven-year hiatus. The company, jointly owned by Shriram Group and Sanlam Ltd, aims…
Claims Surge Vehicle insurance companies in Pune are overwhelmed with claims from damages caused by potholes and floodwater. The rainy season has led to numerous vehicle issues, including engine breakdowns…
Agriculture Minister Shivraj Singh Chouhan announced that ₹1.6 lakh crore in insurance claims have been paid to farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) since its inception in…
Growing Risks As climate change intensifies, vulnerable communities in India face increasing risks. The widening insurance coverage gap prevents many from protecting their livelihoods against extreme weather. Insurance Sector Challenges…
Partnership Announcement Capital Small Finance Bank (Capital SFB), India's first Small Finance Bank, and Edelweiss Life Insurance have announced a strategic partnership in Mumbai. This collaboration aims to provide Capital…
Background Goods and Services Tax (GST) authorities have issued notices to over 20 insurance companies, including HDFC Ergo and Star Health, demanding ₹2,000 crore in unpaid GST. These companies allegedly…
Key Highlights Insurance Coverage: Under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), 131.3 lakh fishermen are covered by the Group Accidental Insurance Scheme (GAIS). The entire premium is borne by…
Strategic Collaboration Chola MS General Insurance Company, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited of Japan, has announced a strategic partnership with Mahindra Finance,…
Role of Political Risk Insurance TATA AIG General Insurance emphasizes the importance of political risk insurance as a critical risk management tool for businesses amidst global geopolitical crises like the…