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WTW and SOMPO announce global partnership to deploy Radar for its non-life insurance services

by AIP Online Bureau | Sep 10, 2025 | Intermediaries, International News, Non-Life, Risk Management, Technology

Tadashi Yamanaka, executive officer of System at Sompo Direct Insurance Inc. said, “The introduction of Radar has enabled us to rapidly implement premium revisions that reflect changes in market, accident trends and customer risk profiles more accurately. We will...
GST overhaul a people’s reform, touches every family: Sitharaman

GST overhaul a people’s reform, touches every family: Sitharaman

by AIP Online Bureau | Sep 6, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy

Nirmala Sitharaman,Finance Minister Within days of the decision, from car makers to public sector insurance companies and shoe and apparel brands have already announced significant price cuts and the rest are likely to follow suit by the time new GST rates are...
Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re

Global P&C insurance market sees efficiency, capacity and resilience: Swiss Re

by AIP Online Bureau | Sep 6, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

Jérôme Jean Haegeli, Swiss Re’s Global Chief Economist, says: “The rapid expansion of the P&C market is not only about scale, but also about greater capability and resilience. Insurers have become more efficient at pricing, managing and transforming risk,...
Insurtech firm Turtlemint seeks IPO approval submits confidential papers to Sebi

Insurtech firm Turtlemint seeks IPO approval submits confidential papers to Sebi

by AIP Online Bureau | Sep 6, 2025 | Eco/Invest/Demography, Indian News

Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint is designed to simplify the purchase and man agement of insurance policies. The firm has sold 1.6 crore policies through its network of over five lakh advisers. New Delhi: Turtlemint Fintech...
GST cut to uplift demands for 2-wheelers and PVs: Crisil

GST cut to uplift demands for 2-wheelers and PVs: Crisil

by AIP Online Bureau | Sep 5, 2025 | Data, Eco/Invest/Demography, Policy

“With the GST cut fully passed on, vehicle prices are expected to drop 5-10 per cent (Rs 30,000–60,000 on small PVs; Rs 3,000–7,000 on two-wheelers),” said Anuj Sethi, Senior Director, Crisil Ratings. New Delhi: Two-wheelers and passenger vehicles (PVs), which...
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