Will ensure IL&FS doesn't collapse, all options open: LIC chief V K Sharma
New Delhi State-owned insurer LIC Tuesday said it will not allow debt-ridden IL&FS to collapse and explore options to revive it. The Life Insurance Corporation (LIC) has the largest shareholding in IL&FS. IL&FS Financial Services, a group company of IL&FS, defaulted on one of its...
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UK Finance Minister Urges EU to Help Devise Hard-Brexit Contingency Plans: Reuters
London: Britain’s finance minister urged the European Commission to help devise European contingency plans for the financial sector in case of no deal on Brexit, pointing to growing concerns about a disorderly departure from the European Union. Philip Hammond made his plea at the beginning...
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Rajesh Kandwal,CEO & Managing Director, Life Insurance Corporation (International) BSC (c), Bahrain
``We have initiated steps to obtain a Branch License in Qatar’’
How has been your performance in 2017 in terms of premiums, policies, claim settlement and profitability? The company has done quite well in the year 2017. We have posted good performance in all areas of operation and stands out as one of the major players...
- ``JLT Independent has premium placements exceeding Rs 1000 cr in a span of three years’’
- ``Market conditions are very tough in the Indian general reinsurance business''
- “China and India have seen growth in the demand for liability insurance”
- ``For acquisition,we will look at opportunities which are good in pricing’’
- ``International reinsurers have taken a cautious stance & we have not seen an increase in competition in an already competitive Indian market''
Samir H. Shah Executive Director & CFO, HDFC ERGO General Insurance
Risky Business-Insurers Face Shifting Landscape
Insurers are increasingly operating on a shifting landscape across the world. From technological innovations, unconventional monetary policies, political upheavals to regulatory tweaking; the ground rules are being redefined. Today, with technology-driven eco-system we see increased efficiencies, better economies of scale, quicker delivery and innovations. Traditional...
