Intermediaries

Face-to-face distribution remains the primary mode of buying insurance in India:PwC report

Indian News       Aug 23, 2019

Mumbai: Indian  Insurance CEOs believe that insurance industry is going through technological and consumer behaviour changes. These changes are going to impact distribution trends in the insurance business.  Investing in technology to make it more accessible to the sellers is going to keep them ahead...

Recapitalisation of Indian public sector banks disappearing into quicksand

Blog       Aug 08, 2019

  Mumbai::  India Ratings and Research (Ind-Ra) opines that it is time to reevaluate the objectives of public sector banks (PSBs) and their role in the Indian economy. While the government has infused huge capital in PSBs, the same has largely been used to mitigate losses...

Willis Towers Watson acquires Risk Capital Advisors

International News       Aug 01, 2019

  Sydney: Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the acquisition of Risk Capital Advisors Pty Ltd (RCA), a leading specialist Mergers & Acquisitions (M&A) broker in Australia, New Zealand and South Africa.   Enhancing Willis Towers Watson’s offering to clients...

5.89 lakh unregistered telemarketers blacklisted since 2011 for pesky calls: Ravi Shankar Prasad

Indian News       Jul 17, 2019

New Delhi: Telecom resources of 18.19 lakh unregistered telemarketers have been disconnected and 5.8 lakh were blacklisted by service providers since 2011 following consumer complaints on pesky telemarketing calls, Parliament was informed on July 17.   Further, a penalty of Rs 4.16 crore was deducted from...

Ebix to acquier Yatra Online for Rs 2,314 crore

Indian News       Jul 17, 2019

  GURUGRAM,ATLANTA and NEW YORK: Ebix, Inc, a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. and Yatra Online, Inc. today announced that they have entered into a definitive agreement under which Ebix will acquire Yatra via...

Budget 2019-20 allows 100 % FDI in insurance broking

Indian News       Jul 05, 2019

New Delhi: Despite being opposed by the domestic insurance brokers, Finance minister Nirmala Sitharaman, in her maiden Budget on Friday, has announced raising the limit of foreign direct investment (FDI) from 49 per cent to 100 per cent in the Indian insurance broking industry as...

Building trust is key to addressing underinsurance in mature markets: Geneva Association Customer Survey 

Facts       Jun 27, 2019

  ZURICH: Insurance protection gaps in mature markets could be narrowed by reinforcing trust in insurers, finds a customer survey of The Geneva Association, the global organisation of chief executive officers of insurance and reinsurance companies.   The Geneva Association commissioned a survey of 7,000 people in...

BGC Insurance Group to establish new global aviation brokerage

International News       Jun 17, 2019

  LONDON:  BGC Insurance Group (BGCI), a division of BGC Partners Inc. , a leading global brokerage and financial technology company, today announced plans to launch a specialist global aviation and aerospace (re)insurance brokerage. Marcel Chad will be President of the planned new BGCI brokerage.   The...

Not Amazon, Instagram is likely to dominate the future of online retail

Facts       Jun 02, 2019

  Luxury fashion is getting ready for its selfie. If it likes what it sees, the global apparel market could become a battle of the Everything Store against the Everyone Store.   Selling on Instagram is no longer just the province of retailers. A small group of...

PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports

Indian News       May 21, 2019

New Delhi: Punjab National Bank (PNB) could take control of two or three small state-run banks, that could include Oriental Bank of Commerce, Andhra Bank and Allahabad Bank, two sources familiar with the situation told Reuters. New Delhi has been trying to merge smaller regional...