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EIOPA to test insurers on Covid-19 pandemic scenario

The European Insurance and Occupational Pensions Authority (EIOPA), a financial regulator, has launched a stress test this year. The 2021 insurance stress test will particularly assess the European insurance market’s…

43 banks launch the Net Zero Banking Alliance

Forty-three banks from across the globe have joined forces to form and launch the Net-Zero Banking Alliance (NZBA). The alliance also becomes part of the Glasgow Financial Alliance for Net…

India to hike insurance FDI limit to 74%

Update: 23 March 2021 The Insurance (Amendment) Bill, 2021, which has been cleared by the Lok Sabha on 22 March, now requires Presidential nod to become a law. The bill,…