The parametric insurance market is projected to reach $39.3 billion...
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Aon and EBRD launch innovative war risk insurance facility for Ukraine
Under the new €110 million Ukraine Recovery and Reconstruction...
IRDA may unveil new regulations to check insurers’ overdependence on promoter banks
In some cases, parent banks of insurers are selling over...
Insurance broking body opposes 100% FDI in the sector
In an earlier missive to the chairman of the insurance regulator IRDAI SC Khuntia, the IBAI has said, “ An online survey of brokers was conducted where a slight majority (51%) were against FDI being increased and a significant majority (49%) were in favour. The IBAI work on the basis of the majority view and it is this context that the IBAI would like to reiterate the stand that it has consistently taken which is that FDI at this stage is not recommended for the industry.
Face-to-face distribution remains the primary mode of buying insurance in India:PwC report
A focus efforts on three areas of productivity, assistance and enablement along with exceptional customer experience and user friendliness, will ensure higher engagement and adoption from sellers.
Recapitalisation of Indian public sector banks disappearing into quicksand
During FY14-FY19, the government and Life Insurance Corporation (LIC) together infused Rs 3 trillion in PSBs. However, from the value creation objective, the scenario looks weak
Willis Towers Watson acquires Risk Capital Advisors
Jill Stewart, Head of Willis Towers Watson FINEX in Australasia reinforced that there is a strong alignment between the service offerings of RCA and that of Willis Towers Watson. “Combined with our financial lines expertise including Directors’ & Officers’, Professional Indemnity and Cyber Insurance, we now have one of the most complete financial and executive risk offering in the Australasian market to support clients in a wide range of industries.
Ebix to acquier Yatra Online for Rs 2,314 crore
The transaction will create India’s largest and most profitable travel services company, and a leading online travel platform poised to capture significant international growth opportunities that would also create World’s leading End-to-End Enterprise Financial and Insurance Services Provider.
5.89 lakh unregistered telemarketers blacklisted since 2011 for pesky calls: Ravi Shankar Prasad
Further, a penalty of Rs 4.16 crore was deducted from the security deposit of registered telemarketers and deposited with the Telecom Regulatory Authority of India (Trai), Communications Minister Ravi Shankar Prasad said in a written reply to the Lok Sabha.
Budget 2019-20 allows 100 % FDI in insurance broking
“The FDI limit from 40 per cent to 100 per cent is has been done to encourage higher overseas investment into the country,’’ said Sitharaman while presenting Budget 2019-20 in the Lok Sabha ,
Building trust is key to addressing underinsurance in mature markets: Geneva Association Customer Survey
Jad Ariss, Managing Director of The Geneva Association, said: “Contrary to general belief, protection gaps are not limited to emerging countries. They are also common in advanced economies. It is encouraging that, according to the survey’s results, people widely understand what insurance is about and its vital role in the economy and society. However, the research also reveals misperceptions of insurers and their products. Addressing this mismatch will be essential to encouraging a wider adoption of insurance in mature economies.”
BGC Insurance Group to establish new global aviation brokerage
Andrew Wallin, Chief Commercial Officer, BGC Insurance Group, said: “The current market is stacked against aviation clients, with three brokers dominating this line of business because of their scale. For a significant independent player like us with a client-focused approach, vision and technical prowess, the gap in the market offers huge disruptive potential.”
Not Amazon, Instagram is likely to dominate the future of online retail
Retailers need to be where their customers are, and increasingly, that’s Instagram, which has 1 billion monthly users. Its fashion following also makes it a place to show off the hottest styles and in-season merchandise. That’s better for margins than selling on a platform where price is the main driver — another knock to Amazon.