Intermediaries

Social media platforms account for 79% of e-commerce in India: PayPal

Data       Sep 20, 2018

  Sales through social media platforms account for over 79 per cent of the total online selling of goods and services in India, a PayPal report said on Thursday.   Growing digitisation and increasing internet penetration in India have reportedly encouraged commerce to move online, it said.  ...

Hero Insurance Broking receives license from IRDAI

Indian News       Sep 19, 2018

  New Delhi: The Insurance Regulatory and Development Authority has issued a three-year license in the “ Direct – Life & General” category to Hero Insurance Broking India Private Limited to conduct all types of General Insurance Business, including Health and Life Insurance.   The robust insurance...

Marsh & McLennan to buy UK broker JLT for $5.7 billion

International News       Sep 18, 2018

  London: Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) in cash as the U.S. financial services group looks to boost its speciality risk broking and global reinsurance business.   Strategic Rationale The acquisition of JLT...

Amazon considering UK insurance comparison site

International News       Aug 16, 2018

LONDON:  Amazon.com Inc (AMZN.O) is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the region’s financial services.   Three...

Sanjay Radhakrishnan, CEO, JLT Independent Insurance

``JLT Independent has premium placements exceeding Rs 1000 cr in a span of three years’’

Interviews       Aug 14, 2018

  Which are the segments where JLT Independent is prominently present in India? Does the company handle only international clients or Indian companies as well? Over 85 per cent of our client base is local and segments such as energy, construction, large complex corporate risks, financial...

IRDAI forms panel to review regulations on surveyors & loss assessors

Indian News       Aug 13, 2018

  Hyderabad: The insurance regulator IRDAI has constituted a working group on Monday, under the chairmanship of Yegna Priya Bharat,CGM(Nonlife), IRDAI, to find out, if the existing IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015 and subsequent IRDAI (Insurance Surveyors and Loss Assessors) (first amendment) Regulations...

Lloyd’s launches Digital Distribution Platform`Lloyd’s Bridge'

International News       Jul 11, 2018

  London: Lloyd’s, the specialist insurance and reinsurance market, has launched a digital distribution platform – Lloyd’s Bridge – designed to quickly, easily and efficiently connect insurance businesses and entrepreneurs with Lloyd’s underwriters.   Lloyd’s Bridge is an online platform that matches insurance businesses with underwriters from...

IRDAI forms high-level panel to review regulations on Insurance Marketing Firm

Indian News       Jun 15, 2018

  Hydearbad: The insurance regulator IRDAI on Friday has formed a 10-member high-level panel under the chairmanship of Suresh Mathur, excecutive director, IRDAI, to review the three –year old regulations on the Insurance Marketing Firm (IMF), one of the new distribution channels launched in 2015.   The...

IRDAI doubles capital requirements for broking companies

Indian News       Jan 31, 2018

Mumbai: The insurance regulator IRDAI has doubled the capital requirements for setting up different categories  insurance broking companies  in the country.   The new regulations, which have been unveiled on Wednesday, have specified Rs 75 lakh(earlier Rs 50lakh), Rs 4 crore(Rs 2 cr) and Rs 5...

New Insurance Broking Regulations soon: IRDAI Chief

Indian News       Jan 24, 2018

Hyderabad: IRDAI Chairman TS Vijayan said the much awaited new insurance broking regulations would be unveiled  `very soon’ as they have already been sent for publication in the government gazette.    "About ownership, partnership, all these things are coming up. Minor changes, but it will be...

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