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IRDAI’s move to risk policyholder’s data privacy, create data monopoly: Experts

by AIP Online Bureau | Sep 14, 2021 | Indian News, Life, Non-Life, Risk Management, Technology

  Chennai: The data of millions of Indian policyholder`s — life and non-life — is to be transferred to the Insurance Information Bureau of India (IIB), a society registered under the Andhra Pradesh Societies Registration Act as per the regulations...

Madras HC withdraws its order on `mandatory bumper-to-bumper cover’ for new vehicles

by AIP Online Bureau | Sep 14, 2021 | Indian News, Non-Life, Regulation

  Chennai: In a big relief for the general insurers and automobile industry and its customers, the Madras High Court on Monday has withdrawn its earlier order, issued on Aug 4,2021, making “bumper-to-bumper cover for new vehicles'' sold from...

9/11: Specter of terrorism risk still hangs over re/insurance industry

by AIP Online Bureau | Sep 14, 2021 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

  Ben Dyson Insurers, reinsurers and brokers are still grappling with how to best address terrorism risk and absorbing the lessons of the tragic events of Sept. 11, 2001, two decades after they shook the world. Almost immediately after the attacks, the parts of...

Insurtech: HDFC Life to identify innovative startups

by AIP Online Bureau | Sep 14, 2021 | Indian News, Life, Technology

  Mumbai: Sep 13 HDFC Life, the country's third largest life insurer , and IvyCamp, an initiative of IvyCap Ventures Advisors Pvt. Ltd., have jointly launched the fourth phase of Futurance,an on-going corporate engagement program that identifies startups...

India Post Payments Bank partners with Tata AIG Gen & Bajaj Allianz Gen for distributing insurance products

by AIP Online Bureau | Sep 14, 2021 | Banking & Bancassurance, Indian News, Intermediaries

  Mumbai/New Delhi: India Post Payments Bank (IPPB) today announced strategic alliances with Tata AIG General Insurance Co. Ltd. and Bajaj Allianz General Insurance for distribution of their non-life insurance products across the country. As part of the alliances...
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