Insurers rank Amazon as the world’s most potentially disruptive platform

International News       Nov 07, 2018

 Amazon is the platform most likely to cause widespread disruption to Europe’s general insurance market over the next five years, a survey of insurers has found. Insurers rank Amazon as the world’s most potentially disruptive platform,   In an article, ``The Actuary'', The magazine of the...

Blockchain technology brings crop insurance to paddy field farmers

Facts       Nov 03, 2018

Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions; Oxfam in Sri Lanka, an organization working to alleviate poverty; and Etherisc, a leading InsureTech company, today announced a joint program to deliver micro-insurance to thousands of...

Symbo India Insurance Broking launches Marathon Insurance

Indian News       Oct 16, 2018

  Mumbai: Symbo India Insurance Broking , a digital insurance brokerage firm, in partnership with Reliance General Insurance and event ticketing company Goeventz has launched Marathon Insurance – a unique cover for marathon runners.   The comprehensive Marathon Insurance product covers accident and medical emergency during the...

SC Khuntia, Chairman, IRDAI

``Data analytics & security' have to go together :IRDAI Chief

Indian News       Oct 14, 2018

  Mumbai: The IRDAI chief has cautioned that with the emergence of insurance depositaries and increasing use of data analytics by the insurers, the data privacy of customers has to be guarded properly.   `` Insurance industry generates huge number of data. Also the insurers’ use of...

Jaideep Davare, Managing Director, Mahindra Insurance Brokers Ltd

``We have been able to reach insurance solutions to customers in over 2,00,000 villages in India''

Interviews       Oct 11, 2018

   How do you expect the developments in the India re/insurance market in next five years? New business premium underwritten in the Life Insurance market in FY 2017-2018 was Rs 1,93,900 Crore (USD 29 billion) with a compounded average growth rate (CAGR) of 23 per cent...

Flipkart forays into insurance distribution, ties up with Bajaj Allianz

Indian News       Oct 07, 2018

  New Delhi: E-commerce major Walmart-backed Flipkart Sunday said it is foraying into the insurance segment after securing a corporate agent license.To begin with, Flipkart has partnered Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading...

Govt mulls 100% FDI in insurance broking; insurers' cap to stay at 49%

Indian News       Oct 02, 2018

  New Delhi: The government is mulling permitting 100 per cent foreign direct investment (FDI) in insurance broking to give a boost to the sector, sources said.   The FDI policy, at present, allows 49 per cent foreign investment in the insurance sector that encompasses insurance broking,...

IRDAI allows distribution of all micro-insurance products via PoS

Indian News       Sep 30, 2018

  NEW DELHI:  Insurance regulator IRDAI has allowed distribution of all micro-insurance products through point-of-sales (PoS), with an aim further increase insurance penetration in the country.   The Insurance Regulatory and Development Authority of India (IRDAI) has created a special category of insurance policies called micro-insurance policies...

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...

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