Despite the higher claim environment, the domestic segment...
Category:
Eco/Invest/Demography
Latest
SEBI Chairman launches Verified App Label initiative to protect investors from digital fraud
SEBI Chairman Tuhin Kanta Pandey noted that the regulator is...
‘Polluter pays’ principle must not be reduced to ‘pollute and pay’, SC told
On November 18 last year, a three-judge bench headed by the then...
Marsh exploring selling its financial risk manager and life insurance broker for high-net-worth individuals in Asia
PCS provides financial risk management and life insurance services to more than 8,000 clients in about 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva and Zurich, according to its website. Marsh is exploring a sale of its financial risk manager and...
Ecuador contracts first parametric insurance for 10k climate-vulnerable farmers, with Germany, UNDP, ISF and IDF support
The two parametric products — for extreme rainfall and drought-risk — were designed by IDF member insurance organizations AXA Climate, Guy Carpenter México Intermediario de Reaseguro S.A de C.V and Blue Marble, in partnership with the MAGP and with local insurer...
Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman
``The United States has more than 40 fellow actuaries per million people and the United Kingdom more than 250, while India has fewer than one per million. Compounding this, IAI's(Institute of Actuaries) total membership has fallen from around 12,000 in 2011 to...
UIB partners with CyberCube to accelerate its growth across LATAM and Asia
Dimaggio Rigby, Head of Cyber at UIB, added,“The cyber landscape is evolving at pace, and clients increasingly expect brokers to provide clear, quantitative insights. With CyberCube’s platform, we can enhance the sophistication of our analytics, improve the clarity of...
Various Govt social security schemes enhance confidence among citizens, says PM Modi
``India is going through a period of rapid economic growth and expansion of social security architecture. As India advances towards the vision of Vikasit Bharat 2047, it is important that our efforts remain aligned to widen and reinforce the safety nets available to...
India will be first country in the world making healthcare quite affordable:Devi Shetty
``Believe me, in the next five to seven years time, expenses for the healthcare services can be paid through adequate insurance coverage and other financial mechanisms including Health Savings Accounts. Health savings account is nothing but a zero balance account with...
NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital services might work for educated customers in major cities, a "human value chain" is still required to sell products in Tier 2 and Tier 3 cities, as well as rural areas. The goal is to merge these two...
Govt assessing impact on financial entities if war breaks out in Middle East: DFS Secy
M Nagaraju,Secretary , Department of Financial Services In the remarks during a speech at the Indian Banks' Association's Annual General Meeting, Department of Financial Services Secretary M Nagaraju underscored how India has managed a slew of geopolitical challenges...
IAI to unveil its new Indian Mortality Table soon
LtoR-Asha Murali, secretary, Institute of Actuaries of India(IAI), Preeti Chandrashekhar, president, IAI and Subhendu Bal, president, & chief risk officer, SBI Life Insurance, at a media event on Thursday to announce 25th edition of the Global Conference of...
South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs
Lto R- Gedion Labane, Consul General of South Africa in Mumbai, Charlise Cloete,Cluster, Market Head Reinsurance: Asia Pacific, Santam,Curt Mayer, Executive Head, Santam Specialist. Gareth Beaver, CEO, Santam Specialist Solutions, and Kush Padia, CEO, Santam Re &...