The board approved a proposal to make an investment for an...
Category:
Intermediaries
Latest
InsuranceDekho receives $70 million funding from investors
Ankit Agrawal, Founder & CEO, InsuranceDekho, said,"We are...
IRDAI imposes Rs 1cr fine on UIB Insurance Brokers for flouting premium remittance rules
According to the IRDAI, the broker does not have any right over the...
16 to be interviewed on Oct 9 for selecting 2 IRDA members
Among other candidates who have been short- listed for the member, distribution are Girija Kumar, former CMD, Oriental Insurnace Company, Suresh Mathur, executive director, IRDAI, Randeep Singh, chief general manage,IRDAI Girish Radhakrishnan, CMD, United India Insurance, DTV Sastri,former general manger,UII
Marsh India completes acquisition of JLT Independent
The acquisition of JLT Independent further strengthens Marsh”s position as a leading insurance and reinsurance broker and provider of risk management solutions in the country, where it serves more than 5,000 clients through its 17 offices.
Indian insurance industry strikes a chord with “Diversity and Inclusion”
The themes for this year’s edition included mental health, inclusivity in multi-generational workplaces, among others.
The India festival was organised by AIG, Anviti Insurance Brokers, Lloyd’s, Swiss Re and Willis Towers Watson
InsuranceDekho to get $20 mn funding from GirnarSoft for branding, others
“This new capital infusion will be used to expand our digital footprint. We are already a force to reckon with in the B2B space. With this round we aim to invest in branding and marketing to further strengthen our B2C platform which has been seeing strong traction over the last 2 quarters,” InsuranceDekho CEO and co-founder Ankit Agrawal said.
Mahindra Insurance Brokers launches paybima.com
Jaideep Devare, managing director, Mahindra Insurance Brokers said, “The financial services industry is witnessing the rise of a new tech-savvy millennial customer segment, augmented by increasing internet penetration and smartphone usage. PayBima, with its advanced analytics and personalised customer journeys, reinvent our offerings and leverage technology to cater to the evolving needs of our customers.”
HDFC Life & Apollo Clinic sign corporate agency partnership
Apollo Clinic is the first healthcare company in India, to have secured a corporate agency for the distribution of Insurance products.
This partnership will allow customers of Apollo Clinic to sell wide range of life insurance products by HDFC Life.
Alphabet’s Verily targets employer health insurance with Swiss Re partnership
Alphabet Inc’s life sciences division Verily’s new subsidiary, Coefficient Insurance Company, will be backed by the commercial insurance arm of Swiss Re, which is also making a minority investment in the new company.
“Coefficient is aimed at reducing blind spots and providing greater cost control mechanisms for self-funded employers,” Verily Chief Executive Officer Andy Conrad said in a statement.
Self-insurance arrangements are increasingly commonplace among larger employers, who typically pay health insurers to manage their healthcare benefits, but cover the costs of those claims themselves.
Retail to insurance: Amazon, Ambani’s Jio prep for ‘one fierce battle’
The US giant is fanning out at a pace not seen elsewhere in the world. Amazon is now delivering prescription and over-the-counter medicines and herbal remedies in Bangalore. It started last month selling car and motorbike insurance–a first for the Seattle-based online giant–claiming to finalise policies in under two minutes without paperwork.
“This is going to be one fierce battle,” said Satish Meena, senior forecast analyst at Forrester Research Inc. “Amazon and Reliance want to meet a person’s every need from online retail to financial services to entertainment. It’s a fight for the household’s spending.”
Covid-19: India’s flimsy antigen testing regime ‘like flipping a coin’
With one of the world’s fastest-growing epidemics but also one of the lowest testing rates, India in late June started to use quick antigen tests to ramp up detection. But the tests, which can report false negatives as much 50 per cent of the time, threaten to obscure the true picture of its outbreak, further challenging containment efforts.
Amazon starts online drug sales in Bengaluru
Amazon had last month decided to open 10 new warehouses in India and start offering auto insurance. It had also secured clearance for alcohol delivery in the Indian state of West Bengal, Reuters reported in June.