Girija Subramaniam, CMD, New India Assurance Rakesh Jain, CEO,...
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Intermediaries
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Govt’s Bima Sakhi Scheme enrolls over 2 lakh women
Pankaj Chaudhary, minister of state ,Ministry of Finance LIC has...
Miller launches Korean marine team with four senior hires
David Kim, Head of Korea at Miller, added,``We expect to expand...
General insurers can pay commissions to intermediaries upto 20% of their gross premium: IRDAI
After setting stiff premium targets for the insurers, the IRDAI in its ``Exposure draft- Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022'' has...
WTW appoints Sean Deehan as Leader of Hong Kong and Macau
Sean Deehan,Leader,Hong Kong and Macau, WTW Clare Muhiudeen, Head of Asia, WTW, said: “Hong Kong remains a major international financial centre in Asia, a gateway to and from Mainland China and a key market in our Greater Bay Area growth plans HONG KONG: WTW today...
War-hit Ukraine atomic plant poses risks to Europe’s energy grid
Europe’s biggest atomic-energy station, Zaporizhzhia has in recent weeks been hit by shelling, with Ukraine and Russia blaming each other. Explosions wrecked infrastructure and cables critical for cooling atomic reactions and transmitting power A grid failure could...
PB Fintech loss widens to Rs 204 crore in Apr-Jun
The company in its financial performance report said that its insurance premium segment grew by 52 per cent to Rs 2,430 crore in June 2022 quarter from Rs 1,594 crore in the June 2021 quarter New Delhi: PB Fintech, the parent firm of online insurance broker...
Aon strengthens its natural resources offering across APAC by naming new leaders
“With the changing landscape of the oil, gas and mining industry driven by Environmental, Social and Governance strategies, as advisors we need to be at the forefront of developing offerings to support with energy transition amid emerging volatility,” said Melissa...
IRDAI is yet to take any decision on “disclosure of commission on the policy document”:Minister Karad
Bhagwat Karad, minister of state, ministry of finance IRDAI has informed that they have not received any complaint raising the issue of difficulties faced by individual agents of public general insurance due to cut and pay system of some private insurers who offer...
Argenta to wind-down Singapore platform
This change follows a decision by the ASML Board to re-allocate capacity to other underwriting opportunities worldwide, including AUA’s branch offices in Australia which are unaffected by the decision in respect of the Singapore business In due course, it is expected...
Shippers rerouted vessels as China began military drills around Taiwan
The Taiwan Strait is a key route, with almost half of the global container fleet passing through the waterway this year. The disruption is just the latest inconvenience for supply chains, which have been reeling since the start of the pandemic and Russia’s invasion of...
Lloyd’s insurer Ascot and Marsh launch marine cargo and war insurance for grain moving from Ukrainian Black Sea ports
Bruce Carnegie-Brown,chairman, Lloyd's The Lloyd’s of London facility will provide up to $50 million of cover in marine cargo and war insurance, Lloyd’s, Ascot and Marsh said in a statement Premiums to go into the broader Black Sea area have risen sharply, to as much...
“Yet to decide on mandatory disclosure of commissions on the policy documents” says IRDAI
``It has come to the notice of the Authority that concerns are being expressed in some quarters regarding mandatory disclosure of commissions on the policy documents. The concerns emanate from certain recommendations made by Working Groups constituted by the Insurance...