Life-News

Asia led by China and India will drive global insurance growth:Swiss Re  

International News       Nov 20, 2018

  London: Global economic growth will remain strong over the next two years, although momentum has peaked. Swiss Re Institute's latest sigma "Global economic and insurance outlook 2020" says the still-positive economic momentum will support the insurance sector, with global premiums up more than 3 per...

RMS estimates insured losses from California wildfires to be between $9 Bn and $13 Bn

International News       Nov 20, 2018

California wildfires in Newark, C.A:- RMS, a global risk modeling and analytics firm, has estimated that the insured loss for the Camp and Woolsey wildfires in California will be between USD $9 and $13 billion ($7.5-$10 billion for Camp; $1.5-$3 billion for Woolsey). The estimate...

China moves closer to allowing foreigners to control insurance ventures: sources

International News       Nov 20, 2018

   HONG KONG/BEIJING: China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said.   The regulator is expected to...

Draft Brexit deal ends Britain's easy access to EU financial markets

International News       Nov 15, 2018

  LONDON: The United Kingdom and the European Union have agreed a deal that will give London’s vast financial center only a basic level of access to the bloc’s markets after Brexit. The agreement will be based on the EU’s existing system of financial market access...

Mary Roth, CEO, RIMS, handing over ERM award to NKV Roopkumar, EVP, SBI Life in Mumbai

SBI Life bags RIMS first India ERM award

Indian News       Nov 14, 2018

  Mumbai: SBI Life Insurance has bagged the Enterprise Risk Management(ERM) Award of Distinction in 2018 from the RIMS, the US based risk management society, for its outstanding efforts to deliver enterprise-wide risk management solutions that address dominant risks while uncovering financial savings, presented .   The...

Max Life Insurance gross written premium grows by 17 % to Rs 5,619 cr in H1 FY 2018-19

Indian News       Nov 14, 2018

  New Delhi: The Value of New Business (VNB) of Max Life Insurance Company increased by 42 percent  to Rs 290 crore due to a significant growth in new business as well as higher share of protection products in the first half of the financial year...

WHO guidelines: Management of physical health conditions in adults with severe mental disorders

Articles       Nov 09, 2018

  Worldwide, mental disorders contribute to 7 per cent of the global burden of disease as estimated by disability adjusted life years and this is rising especially in low- and middle- income countries (LMIC) . In addition to causing a large proportion of morbidity, mental disorders...

Baby boom for some nations, bust for others: study

International News       Nov 09, 2018

  Paris: Soaring birth rates in developing nations are fuelling a global baby boom while women in dozens of richer countries aren't producing enough children to maintain population levels there, according to figures released Friday.   A global overview of birth, death and disease rates evaluating thousands...

Insurtech:Number of insurance patents filed jumps 40% in a year

International News       Nov 09, 2018

  Investment in insurtech is being stepped up, as the number of insurance-related patents filed worldwide jumped 40% last year, to 917 in 2017 (to Dec 31) from 657* in 2016.   RPC adds that insurance patent filings per annum have jumped by 116% over 5 years...

India's GDP growth & Puzzling data baffle economists

Indian News       Nov 09, 2018

   New DelhI:  The world’s fastest-growing economy is also one of the most difficult to decipher. A change in the methodology to calculate gross domestic product is partly why India’s data is puzzling and is prompting economists to find a workaround.   India’s new GDP series, introduced...

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