Early estimates from catastrophe modeling firm Karen Clark & Company (KCC) suggest that Hurricane Helene could cost insurers roughly $6.4 billion in damages. The figure includes losses from wind, storm…
As Gujarat prepares to celebrate the vibrant Navratri festival from October 3-12, six major garba organisers in Vadodara have secured insurance coverage worth Rs 30.18 crore for over three lakh…
Tata AIA Life Insurance Co. Ltd, one of India’s top life insurance companies, has announced the launch of a new US dollar-denominated life insurance product for Non-Resident Indians (NRIs) through…
Anup Rau, Managing Director and CEO of Future Generali India Insurance Company, has called for the deregulation of motor third-party (TP) insurance, citing high loss ratios and stagnant premiums as…
In a significant move, the Ministry of Corporate Affairs (MCA) has decided to delay the implementation of the new accounting standard Ind AS 117 for the insurance sector. This decision…
The increasing occurrence of extreme climate events like cyclones and heatwaves is driving up insurance costs for India’s wind energy sector, both for new and existing wind turbines. These rising…
The International Conference on Inclusive Insurance (ICII 2024), taking place from 21-25 October in Kathmandu, Nepal, will mark the 20th edition of this globally significant event. Hosted by the Nepal…
Odisha is preparing to join the Ayushman Bharat Pradhan Mantri - Jan Arogya Yojana (AB PM-JAY), a central government initiative that provides health coverage of ₹5 lakh per family per…
The Export Credit Guarantee Corporation of India (ECGC), fully owned by the Indian government, has shown robust technical earnings during the fiscal years 2023 and 2024, according to a report…
The government is exploring the possibility of a new turnaround strategy for three public sector non-life insurance companies after evaluating their capital needs, according to sources. United India Insurance, National…