In Southeast Asia, this phenomenon is increasingly evident. Events...
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Urban Company and HDFC Pension forge partneship to secure future of 50,000 service professionals
As part of the affiliation, HDFC Pension will manage pension...
Liberty appoints Edrick Tang as senior underwriter, Fine art and specie, Asia Pacific
Fine art and specie is a key area of growth for Liberty,...
IndiaFirst Life launches 18 new agency branches
IndiaFirst Life Insurance Company Limited (IndiaFirst Life) announced the launch of 18 Agency branches. Rushabh Gandhi, Managing Director & CEO, IndiaFirst Life, said, “The expansion of our Agency channel across the length and breadth of the country is a critical...
LIC to spend up to Rs 840 crore for Bima Sakhis, targets Rs 4,000 crore new business in 1st yr
Siddharth Mohanty, MD and CEO, Life Insurance Corporation Talking about proposed changes in the Insurance Act, LIC MD and CEO Siddharth Mohanty said composite licensing boosts the industry and LIC has no issue with it. The proposed changes in the Insurance Act only...
Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business
Gallagher follows in the footsteps of rivals Aon and Marsh McLennan, which have also struck $13 billion and $7.75 billion, deals, respectively, over the last 12 months to expand into the vast and fast-growing middle-market insurance business Arthur J Gallagher said on...
PM Modi to inaugurate women centric LIC Bima Sakhi Yojana on Monday
Prime Minister Narendra Modi Aiming to provide rural women with job opportunities as insurance agents, a woman agent in LIC Bima Sakhi Yojana will earn Rs 7,000 per month in the first year, Rs 6,000 in the second year and Rs 5,000 by the third year. Additionally, an...
Policybazaar partners with Ophthalmologist Society of India to provide cover for litigation risks
Policybazaar for Business (PBFB) has partnered with the Young Ophthalmologist Society of India (YOSI) to offer customised insurance solutions to young eye care professionals .It includes coverage options ranging from Rs 50 lakh to Rs 3 crore, with annual premiums...
Magma HDI General Insurance ties up with Mahindra Finance
Magma HDI General Insurance Company has entered into a corporate agency agreement with Mahindra Finance, Under this agreement, Magma HDI will provide tailor-made insurance solutions to Mahindra Finance customers with a bouquet of general insurance products within the...
Aon appoints of Anne Corona as CEO of Enterprise Clients and global chief commercial officer
This appointment is part of Aon's strategy to advance its commercial capabilities by deepening commercial alignment, integration of data and analytics and service excellence globally to better service clients DUBLIN: Aon plc today announced the appointment of Anne...
Govt seeks to overhaul Indian insurance sector with extensive reforms measures
Insurers to be allowed to do certain other business, in addition to insurance business, enabling additional stream of revenue for insurers - like carrying of guarantee or indemnity business, managing and selling property possessed by company in satisfaction of claims,...
Bandhan Life expands its strategic partnership with Bandhan Bank into Northern India
Bandhan Life has announced the expansion of its strategic partnership with Bandhan Bank into Northern India. This move is part of Bandhan Life's ongoing national rollout, following successful launch of operations in Eastern India. Customers across Delhi can buy...
No new Bill on insurance reforms in Winter Session of Parliament
Indian insurance industry is expecting legislative measures allowing 100 % FDI and launching new systems like composite license', differential capital', reduction in solvency norms', captive license, change in investment regulations, one-time registration for...