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Irdai to collect larger socio-economy data to push insurance penetration: Member

Irdai to collect larger socio-economy data to push insurance penetration: Member

by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, Health, Indian News, Life, Policy, Regulation, Technology

B C Patnaik, Member (Life) The rising customer expectations requires the insurers to work towards shorter processing time, doorstep delivery, niche and customized products to ensure more and more customer engagement,Tablesh Pandey, managing director, Life Insurance...
Swiss Re acquires Fathom, a leader in water risk intelligence

Swiss Re acquires Fathom, a leader in water risk intelligence

by AIP Online Bureau | Dec 14, 2023 | International News, Non-Life, Reinsurance, Risk Management

Russell Higginbotham, CEO of Swiss Re Reinsurance Solutions, said: “We are very pleased to join forces with Fathom in our quest to narrow the protection gap for natural catastrophe risks, such as floods. Fathom’s market-leading research and innovative...
Modi seeks to revive hinterland finance hub with new sweeteners

Modi seeks to revive hinterland finance hub with new sweeteners

by AIP Online Bureau | Dec 14, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

New rules that will likely take effect in April next year will allow direct equity listing of Indian firms at GIFT City – those that aren’t already listed at exchanges in India – K Rajaraman, chairperson, International Financial Services Regulatory Authority (IFSCA),...
Irdai chief stresses spreading of natural calamity covers in high-risk regions

Irdai chief stresses spreading of natural calamity covers in high-risk regions

by AIP Online Bureau | Dec 14, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Risk Management

Debasish Panda, Chairman,Irdai, is addressing an international seminar on “Enhancing Insurance Inclusivity & Bridging the Protection Gap in India’ organised by National Insurance Academy in Mumbai Releasing the report, Irdai Chairman Debasish Panda said...
Most life insurance companies buck rallying market trend on new norms on surrender value of policies

Most life insurance companies buck rallying market trend on new norms on surrender value of policies

by AIP Online Bureau | Dec 14, 2023 | Eco/Invest/Demography, Indian News, Regulation

According to a draft released Wednesday, the Insurance Regulatory and Development Authority has proposed a much higher surrender value on non-par insurance products and made a few changes in the way surrender charges have been calculated. Now, there will be a premium...
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