Andrea Bono, CEO=designate, India, Middle East, and Africa (IMEA),...
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Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector
``We see BIMA Sugam as an efficient consumer-facing platform, which...
Re/insurance industry needs to push boundaries of risk taking in a fragmenting world: Experts
“While the universe of risks is expanding, the world is...
Indian Dental Association and CoverYou enters into a strategic partnership
Insurance broker CoverYou has entered into a partnership with Indian Dental Association (IDA), representing more than 75,000 dental professionals in 33 states with 450 local branches, to offer a wide range of insurance products designed to safeguard their professional...
SAT upholds Irdai’s decision to cancel TPA E-Meditek’s license
The Irdai order lists 13 charges against E-Meditek. These charges are with respect to empanelment of fake hospitals and payment of claims pertaining to these hospitals, payments and servicing of fictitious and fraudulent insurance claims, unexplained dealing in cash...
Ebix files for Chapter 11 Bankruptcy, company’s nearly 200 non-US affiliates not included
Ebix has a tie-up with India's BSE for an insurance broking company, BSE Ebix Insurance Broking Private Limited. Ebix holds 40 per cent in the broking unit Insurance software firm and short seller target Ebix Inc. promoted by Indian-American Robin Raina-led technology...
Bima Sugam: Insurers select E&Y as a consultant, new company and CEO soon to implement the project
Going by the earlier plans, Bima Sugam, built with a budget of Rs 200 crore,will be a centralised marketplace and a one-stop-shop for all insurance-related queries, including policy purchase, claim settlement, insurance advice and grievance redressal New...
LIC to play key role in achieving ‘Insurance For All by 2047, to launch a product for rural areas: Chairman
Siddhartha Mohanty,Chairman,LIC ''The focus would be how to cover maximum rural masses who actually need insurance. In coming days, rural share will also go up to our total business kitty.'Customers need not come to the office. Sitting at home on his mobile he can...
GIC reaches agreement to buyout Cinven’s stake in Miller
``This further investment in Miller is consistent with GIC’s strategy of developing long-term relationships with our portfolio companies and targeting the highest quality businesses. The defensive nature and strong market dynamics of the (re)insurance market, coupled...
WTW appoints new Corporate Risk & Broking Southeast Asia and Singapore leaders
``From these regions, we see increased awareness of risk and strong demand from companies for more sophisticated risk transfer solutions, driven by data insights and created with specialty expertise'' Singapore: WTW, a leading global advisory, broking and solutions...
Africa Specialty Risks gets Lloyd’s in-principle approval to launch Syndicate in 2024 with managing agent Apollo
Mikir Shah, CEO, Africa Specialty Risks ASR Syndicate 2454 aims to begin underwriting in March 2024, and will focus on underwriting business across Africa, which represents around 2% of Lloyd’s business globally. This presents a unique opportunity for specialty risk...
Global insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re
Jérôme Jean Haegeli,Chief Economist, Swiss Re A high number of low-to-medium-severity events will aggregate to insured losses of more than USD 100 billion in 2023 Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says: "The cumulative effect of frequent, low-loss...
Oneglobal and Floodbase partner to develop parametric flood insurance programs across Asia
Connected through Lloyd's Lab, the two organizations recognized a massive opportunity to marry Floodbase's unmatched historical and near real-time flood data with Oneglobal's re/insurance expertise, leading market presence, and reputation for innovation BROOKLYN, N.Y:...