Non Life-News

Etiqa Insurance fast-tracks motor insurance claims with 30-minute claims approval

International News       Jul 04, 2018

  Singapore: Singapore based Etiqa Insurance has launched a 30-minute fast Own Damage (OD) claims approval for its motor policyholders, a first-ever feature in the motor insurance sector in Singapore.   Motor claims approval generally takes approximately 1 to 2 days to process. Etiqa, with its 22...

CBI probes Prudent Insurance Brokers & others for misappropriating commission

Indian News       Jul 01, 2018

  Mumbai: The Central Bureau of Investigation(CBI), the country’s premier investigative agency, has filed an FIR on May 30 against two insurance brokers Prudent Insurance Brokers and Salasar Insurance Brokers and Dharam Sharma for criminal conspiracy, cheating and fraudulently appropriating commission in a transaction with the...

Merger of 3 PSU insurance firms: Govt seeks bids from consultants

Indian News       Jun 28, 2018

New DelhI Acting on their merger plans, three Indian state-owned non-life insurance companies, which the government plans to merge into a single company, sought interest on Thursday by July 16 from consultants to advice them on the deal,    In February, the finance minister in his...

Auto Supplier Bosch Teams with Startup Mojio to Connect Vehicles to Digital Services

International News       Jun 28, 2018

  German auto supplier Robert Bosch GmbH is teaming with Canadian startup Mojio to get more vehicles connected wirelessly to a wide range of digital services, from insurance companies to emergency responders, the companies said on Wednesday.   Bosch said it was investing in Vancouver-based Mojio as...

Generali Group to raise its stake in Indian insurance joint ventures to 49 per cent 

Indian News       Jun 26, 2018

  NEW DELHI: Reversing its earlier decision to exit Indian market,Italy's Generali Group has decided to raise its stake in Indian insurance joint ventures -- Future Generali India Life Insurance Company and Future Generali India Insurance Company -- to 49 per cent from 25.5 per cent...

Tokio Marine scouts for Asia, U.S. deals with $9 billion war chest

International News       Jun 26, 2018

  TOKYO: Japanese insurer Tokio Marine Holdings Inc, one of the country’s most acquisitive companies, has a $9 billion war chest for overseas purchases and is scouting for deals in Asia as it looks to boost its profits from the region.   “We are always considering strategic...

Chubb enhances Cyber incident response capabilities globally

International News       Jun 26, 2018

  Singapore:  Chubb on Tuesday announced that it has enhanced its cyber incident response management capabilities and launched two new ways of accessing the service: a mobile application and a dedicated website.   As the threat of cyber risks facing commercial enterprises increases, Chubb has expanded its...

Bankers look for insurance for meeting litigation costs

Indian News       Jun 22, 2018

  Mumbai: In view of the recent spate of chargesheets and arrests of bankers by several  government investigative agencies, the Indian Banks’ Association (IBA), the official representative body of the Indian banking industry, has sought to buy insurance covers for bankers to ensure indemnity against frivolous...

IAG exits most of its Asian businesses

International News       Jun 19, 2018

  SYDNEY:  Insurance Australia Group (IAG). Australia's largest insurer,  is selling out of its most of the Asian business including  Thailand, Indonesia and Vietnam following a strategic review of the region.   The company today announced the $525 million sale to Tokio Marine & Nichido Fire Insurance...

China, Britain seek deeper insurance cooperation under Belt and Road Initiative

International News       Jun 19, 2018

  LONDON:  Chinese and British companies anticipate more cooperation in insurance to forestall risks as both sides are set to deepen coordination in projects under the Belt and Road Initiative (BRI), speakers told a high-profile Sino-UK BRI insurance cooperation forum held Monday in London.   London, as...