CCI said it has approved the proposed combination involving the...
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Marsh appoints Andrea Bono as CEO of India, Middle East, and Africa
Andrea Bono, CEO=designate, India, Middle East, and Africa (IMEA),...
Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector
``We see BIMA Sugam as an efficient consumer-facing platform, which...
Insurance Awareness Day: Industry Leaders Lay Out Action Plans
The journey towards widespread insurance coverage begins with informed individuals and families. India's insurance penetration rate for 2023-24 is anticipated to be 3.8%, with life insurance penetration expected to be 2.9%. These figures underscore the pressing need...
Kirloskar group’s Arka Fincap receives IRDA license for corporate agency
Mumbai: Arka Fincap Limited, a NBFC and subsidiary of Kirloskar Oil Engines Limited (KOEL), has been granted license to act as a corporate agent (composite) by the Insurance Regulatory and Development Authority of India (IRDAI).Vimal Bhandari, executive vice chairman...
IRDAI mandates Cross Boarder Reinsurers(CBRs) to furnish collaterals for accessing Indian business from Fy 25-26
IRDAI has clarified that premium retroceded by the branches of foreign reinsurers and Indian reinsurers to CBRs, premiums ceded to CBRs for the government schemes such as PMFBY, PMJAY, PMJJBY, PMSBY and If total premium ceded by an insurer to CBRs is up to Rs 75...
Pesky calls: IRDAI asks industry players to comply with TRAI norms
In a circular on Tuesday, the insurance regulator has said regulated entities can only use the `140/180’ numbering series(or any other numbering series allocated/assigned by DoT/TRAI in future for the purpose) for making commercial calls Hyderabad: In a bid to curb...
Bima Vitarak Manthan: IBAI wants Bima Vahaks to join brokers as point of sales person
Debasish Panda,chairman, IRDAI At the recently concluded Bima Vitarak Manthan, Debasish Panda, chairman, IRDAI emphasized on creating an insurance ecosystem which is highly sensitive to the needs of the policyholders propelling towards “Zero Friction, Zero Pain-points...
Marsh’s Alex Rosati to join as Asian claim head of WTW for its Corporate Risk & Broking business
Alex Rosati In his role with WTW, Alex will focus on all aspects of the firm’s claims proposition, including the development and execution of WTW’s claims management strategy across Asia Singapore: WTW, a global advisory, broking and solutions company, today announced...
Health Compass launches new technology for brokers eyeing individual international private medical insurance business
Technology will enable a brokers’ ability to deliver an international medical insurance quotation via a white-labelled, whole of market solution London: InsurTech for the international private medical insurance (IPMI) market, Health Compass, today announced the launch...
Upstox ties up with HDFC Life for selling insurance products
Upstox, a wealth management platform today launched its entry into insurance distribution business and has tied up with HDFC Life as its first insurance partner. “With this launch, the company aims to revolutionise India's insurance landscape by offering its users a...
Promoters divest 1.8 % stake in PB Fintech for Rs 1,109 cr
The shares were picked up by a clutch of domestic mutual funds (MFs), insurance companies, and foreign investors. The entities that purchased stake are HDFC Mutual Fund (MF), Axis MF, HDFC Standard Life Insurance, ICICI Prudential Life Insurance, Abu Dhabi Investment...
PB Fintech records a net profit of Rs 60.59 crore in Q4FY24
The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of Rs 60.59 crore ($7.3 million) for the quarter ended March 31, against a net loss of Rs 8.95 crore a year ago New Delhi: India's PB Fintech, the parent of online...