The procedural documentation and filings for the last leg of the...
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IRDAI grants license to Prem Watsa promoted Indian reinsurer Value Attics
The IRDA has also identified Life Insurance Corporation of India,...
RBI invites applications for recognition of SROs for account aggregator ecosystem
The account aggregator framework facilitates secure and seamless...
Apr-1 Renewals: Re/insurers jack up premiums to cover India Inc’s assets
Devesh Srivastava, CMD, GIC Re Developments in the Indian insurance industry, which is expected reach Rs 2.25 trillion in 2021-22, in the pre-renewal period indicate there have been large premium hikes in aviation, marine, group health and liability business `We...
Punjab to start early breast cancer detection project
Geetha Manjunath, Founder and CEO of Niramai, said “Breast cancer is the largest cancer killer resulting in the deaths of over 90,000 Indian women every year.” Vijay Singla,Health & Family Welfare Minister, Punjab, said that the epidemiological data generated with...
IRDA chairman Panda to meet insurers on Apr 6-7 in Mumbai to unveil his agenda for industry
Debasish Panda, Chairman, IRDAI ``Yes, we have got intimations to have interaction with the new IRDAI chairman. We are happy that Panda is meeting us face to face. We are getting ready with our agenda to be put before him. Since, he has already dealt with the industry...
Cong’s 40 lakh members in T’gana to be given insurance cover by New India Assurance
The Congress party, under the leadership of Rahul Gandhi, sets in motion a first-of-its-kind insurance programme for party workers. 40 lakh members of Telangana Congress to be insured! Premium amount paid through cheque to New India Assurance. Because, we, are a...
Govt orders probe into fire incident involving Ola electric scooter in Pune
The Centre for Fire Explosive and Environment Safety (CFEES) has been asked to probe the circumstances that led to the incident and also suggest remedial measures, according to the Ministry of Road Transport and Highways (MoRTH) New Delhi: The government has ordered a...
New norms being introduced to ensure safety of vehicle users: Gadkari
''Every year, we face five lakh accidents and 1.5 lakh deaths. For that reason, we are now taking a number of measures. Six airbags are now mandatory. We have taken a decision to make it mandatory for the economy models also,'' Union Transport Minister Nitin Gadkari...
Generali hikes its stake to 68 % in its Indian life JV
Generali now holds a stake of around 68% in FGIL, which may increase further to 71% by the end of 2022, following further subscription of shares by Generali Jaime Anchústegui Melgarejo, CEO International of Generali, said: “This acquisition is in line with Generali’s...
Apr 1 renewals: Hannover Re rules out any price hike for Indian market
The renewals in India in P&C(Property & Casualty) should be relatively stable both on the proportional and on the non-proportional side. 2021 has been a benign year for us from catastrophic losses point of view in India. said Sven Althoff, member, (P&C),...
Banking services partially impacted on second day of strike
Bank unions are protesting against the government's move to privatise two public sector banks as announced in the Budget for 2021-22. They are also demanding an increase in the interest rate on deposits and a reduction in service charges New Delhi/Mumbai: Banking...
Tatas mandate New India, ICICI General and Tata Aig for Air India’s $10 billion renewal cover from Apr 1
Air India's insurance renewal may not be a very comfortable affair for the Tatas from the premium point of view as London market sources point out, the aviation insurance market of late has seen significant hardening up impacted by Russian-Ukraine war and crash of a...