``We will be able to realize a higher underwriting automation rate using the build-in analytics to adjust rule performance. It is also easier to maintain SaaS solution and the ability to quickly scale-up additional SPARK services for new business use cases” Tokyo:...
Life
Aviva raises its stakes to 74% in Indian JV
Aviva is the third foreign player to hike its stake in an Indian insurance JV New Delhi: UK major Aviva plc announced that it has acquired an additional 25 per cent stake from Dabur Invest Corp. in its joint venture in India, Aviva Life Insurance Company India Limited...
Indian Insurance industry to reach $ 200Bn by FY ’27 : IRDAI Chief
Debasish Panda, chairman, IRDAI “Customer experience, cost of distribution and product innovation are the top three areas of disruption for insurance companies. Thereby, the sector transformation has resulted in the introduction of innovative and tech-first products...
Axis Bank to invest Rs 49.9-Rs 69.9 crore for a 9.94% stake in Go Digit Life Insurance
Axis Bank's stake purchase would value the startup's upcoming life insurance business at $90 million. Axis currently offers some insurance products in partnership with Max Financial. Mumbai: Indian private lender Axis Bank Ltd said on Tuesday it has signed a...
LIC buys over 2 pc stake in BPCL for nearly Rs 1,598 crore
As per Sebi's regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent Mumbai: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year....
Piramal, Zurich Insurance mull joint bid for Reliance General Insurance
Zurich confirmed that it has made a separate offer to acquire a stake in Reliance General Insurance Company as part of the resolution process under Insolvency and Bankruptcy Code (IBC). ''The terms of any transaction are subject to negotiations and there can be no...
HDFC ERGO and HDFC Life jointly launch term insurance policy with a health cover
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance Company, said, “Combined products are ultimate customer friendly solutions, where a customer can enjoy benefits of two products under a single plan without any hassles. With launch of this plan, we have...
Belgium’s Ageas first to pick up majority stake in Indian life insurance JV; pays Rs 580 crore to IDBI Bank
''With this transaction, Ageas increases its interest in the joint venture that it has operated to date together with IDBI Bank and Federal Bank to 74 per cent.'' Ageas Federal Life Insurance said with the completion of the majority shareholding by Ageas, it is the...
IRDAI selects first ever pvt sector IT professional Arindam Dutta to head IIB
Arindam Dutta, CEO-Designate, Insurance Information Bureau of India IRDAI chairman Debasish Panda has already made his intention public to broad base the ownership of the IIB and has suggested that instead of the IRDAI, let the insurers through their...
IRDAI looks for M&A consultants, Insurance industry to see M&A deals and new entrants
''The sector, like others, has witnessed some merger and acquisitions in the past and will continue to witness them and newer opportunities will emerge in the future. Players with sound underwriting practices, strong financials and right management practices will...