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...
ONDC to launch insurance products in its network this week
Providing massive opportunties to the insurance industry, the platform will initially launch Motor, Health, Marin and will add more insurance products going ahead, according to an official Mumbai: After launching credit products, the government-backed Open Network for...
“Our aim is profitability. We aspire to be among the top performing global reinsurers”
In an exclusive interview with Asia Insurance Post, on the occasion of Rendezvous September, Monte Carlo, Devesh Srivastava, CMD, GIC Re highlights major achievements during his 4-year tenure as the head of the third largest Asian reinsurer. The period of...
Mahindra Finance acquires 20 pc stake in Mahindra Insurance Brokers for Rs 206 cr
The company, pursuant to receipt of approval from the Insurance Regulatory and Development Authority of India (Irdai), completed the acquisition of 20,61,856 equity shares of Rs 10 each of MIBL at a price of Rs 1,001 per share, Mahindra Finance said in a regulatory...
Miller expands reinsurance offering with establishment of new APAC treaty team
Ron Whyte, Head of Miller Asia, said: “APAC is a central pillar of Miller’s international growth strategy and a market in which we see clear long-term opportunities. We want to establish meaningful and value-add reinsurance capabilities in the region and establishing...
Howden Tiger and Conning release research on the rise of asset-light insurance structures
David Flandro, Head of Industry Analysis and Strategic Advisory, Howden Tiger said, “The numbers are revealing; premiums underwritten by non-affiliated US MGAs have more than doubled since 2018, rising to $33 billion in 2022. It is evident that asset-light structures...
Constructive collaborations and client centricity will be key to successful negotiations
The rebound in the ILS market in 2023 has seen it now contributing a record $100 billion in risk transfer capacity, thereby acting as a key supply-side driver in the property catastrophe space. Within the ILS sector, catastrophe bond issuance set a 1H record, having...
HC refuses to restrain use of PolicyBazaar trade marks on Google AdWords
The court, in its interim order, said the suits were based on the allegations of mere use of the registered trademarks of Policybazaar as key words by the defendants in the AdWords Program and the mere appearance of the websites of the defendants as advertisements or...
Bima Sugam: IRDAI sets a new deadline of July 2024, forms insurers’ panel for its execution, to select a consultant soon
Cyril Amarchand Mangaldas (CAM) has been appointed as the legal counsel for the project. Responsibilities of CAM will include incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform The platform will support all...
Howden makes new appointments for Asia Pacific and India
Howden has appointed of Bozidar Ljubisavljevic as executive director, Marine, based in its Singapore office. He is taking on a new role in Singapore to strengthen Howden’s value proposition for the benefit of marine and logistics clients in Asia Pacific. The broker...
Medi Assist files IPO papers with Sebi again; public issue entirely an OFS
According to the fresh draft red herring prospectus (DRHP) filed on Friday, the initial public offering (IPO) is entirely an offer for sale of up to 2.8 crore equity shares of Medi Assist by promoters and existing shareholders Mumbai: Bengaluru-based third party...