Non-Life

Rs 70,000 cr package announced for exports, realty sectors to boost growth

Indian News       Sep 14, 2019

New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced an over Rs 70,000 crore package for the exports and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year...

Drone attacks strike major Saudi Aramco facility, oilfield

International News       Sep 14, 2019

  Dubai: Drone attacks targeted a major Saudi Aramco processing facility and oilfield in eastern Saudi Arabia Saturday, the Interior Ministry said, sparking a huge fire at one of the sites before dawn. No one immediately claimed responsibility for the attack, which comes amid previous drone...

IRDAI penalises Bagic and Go Digit for violating its norms 

Indian News       Sep 13, 2019

  Hydearbad: The insurance regulator IRDA has slapped a penalty of Rs 7 lakhs against Bajaj Allianz General  Insurance Company(BAGIC) for violating various regulatory norms including provisions of the guidelines on Motor Insurance Service Provider(MISP) enforced since 31st August, 2017.   IRDAI had conducted an onsite inspection...

R M Vishakha, MD & CEO, IndiaFirst Life, Sujay Banarji,member, distribution,IRDAI and Randip Singh Jagpal, CGM,IRDAI at ‘Curtain Raiser and Workshop on Regulatory Sandbox’ organised by IRDAI and CII in Mumbai on Friday

Regulatory Sandbox a win-win position for regulators and Start-ups:IRDAI

Indian News       Sep 13, 2019

  Mumbai:  Launching the  Regulatory Sandbox Sujay Banarji, member, distribution, Insurance Regulatory & Development Authority of India (IRDAI), said “Regulatory Sandbox will foster collaboration and further the interests of all stakeholders -regulator, insurance companies, start-ups and end consumers.   Banarji, urged insuretech firms to use the facility...

Climate change tops list of world’s ‘extreme risks’

Facts       Sep 09, 2019

  LONDON: The Thinking Ahead Institute’s (TAI) Extreme risks 2019 report and ranking, which categorises rare events that could have a high impact on global economic growth and asset returns, has a new top three: global temperature change, global trade collapse and cyber warfare.   The Thinking...

IRDA forms panel to link motor premium with traffic violations

Indian News       Sep 06, 2019

  Hyderabad  The insurance regulator IRDAI has asked the insurance companies to undertake a pilot project in NCT, Delhi to implement the premium escalation formula for registered owners/drivers of motor vehicles involved in traffic offences.   The regulator has constituated a  working group under the chairmanship of...

Total reinsurance capital at $559 bn in H1 2019, up 8% driven by strong investment markets: Willis Re

International News       Sep 04, 2019

  London: Total capital dedicated to the global reinsurance industry measured USD 559 billion at the half-year point of 2019. This is an 8 per cent increase from a re-stated USD 518 billion at year-end 2018[1], with strong investment markets being the main driver of the...

Anup Rau. Managing Director & CEO,Future Generali India Insurance

Anup Rau to head Future Generali India Insurance

Indian News       Sep 04, 2019

  Mumbai: Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between Future Group and global insurer Generali, has appointed Anup Rau as the Chief Executive Officer and Managing Director on  Wednesday. . He joins Future Generali India from Edelweiss...

Amit Shah assures Rs 2 lakh insurance for J&K panchayat members

Indian News       Sep 03, 2019

  New Delhi: In a major decision in the first meeting with a delegation from Jammu and Kashmir after removal of Article 370 and bifurcation of the state, Union Home Minister Amit Shah on Tuesday assured of providing Rs 2 lakh life insurance cover to each...

Delhi Police issues 3,900 challans on first day of newly amended Motor Vehicles Act

Indian News       Sep 03, 2019

  New Delhi: The Delhi Police issued 3,900 challans, including 45 to drink and drive and 557 for dangerous driving, to traffic rule violators on the first day of the newly amended Motor Vehicles Act, which came into effect, officials said.   Parliament had in July passed...

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