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All India Insurance Employees’ Association joins UFBU in opposing sale of profitable IDBI Bank to Fairfax
Several major banks have successfully combined their banking...
IRDAI to ensure smooth transition to new commission rules, may launch Public Insurance Registry in Jan 28: Seth
Ajay Seth,chairman , IRDAI "The idea is to allow for an orderly...
HDFC Life net profit rises 13.60% to Rs 508 cr in Q2FY27
``We expect to sustain this momentum and grow in line with the industry in FY27.''Vibha Padalkar, MD & CEO, HDFC Life Mumbai:HDFC Life Insurance. the second largest private life insurer, posted a 13.6% rise in quarterly profit on Thursday, helped by higher...
Fairfax plans to merge Digit, IIFL Capital with IDBI Bank to build global financial services major, N. S. Kannan to be bank’s chairman
Prem Watsa, chairman and chief executive officer of Fairfax Financial Holdings, said the acquisition represented a rare opportunity to build a major financial institution in one of the world's fastest-growing economies. Toronto/Mumbai: Fairfax Financial Holdings,...
Govt clears sale of IDBI Bank to Prem Watsa’s Fairfax Financial for Rs 52,878 cr
Currently, the Centre holds 45.48 per cent while holds 49.24 per cent in IDBI Bank Post Fairfax tarnsaction,the Centre will hold 15 per cent while LIC will have a stake of 19 per cent. The government has also authorised the sale of the government's remaining 15 per...
Four Nations Insurance Alliance: Tackling rising risks of economic resilience
Insurance bodies representing Australia, the United Kingdom, Canada and New Zealand announced the formation of the Four Nations Insurance Alliance.The partnership has been established in response to common problems that have been growing across the four economies,...
Payment Habits: 3 in 4 urban Indians use their payment app for more than payments
More than half (52%) of consumers, who were surveyed, say they would prefer a single app for payments, investments, insurance and credit.At the consumer level, the impact shortfall is rooted in trust, according to the How Urban India Pays report 2026, released by...
ICICI Life Insurance Q2 profit surges 25% to Rs 374 cr
Sidharatha Mishra, chief operating officer of ICICI Life Insurance,who has been named as new managing director and CEO of the company ``Our commitment is to deliver sustainable VNB growth while balancing business, profitability and risk and prudence.” New Delhi: ICICI...
Changing Life Insurance Market:Race for customer access
James Finucane, Head of Life & Health Economic Research at Swiss Re Institute, said: "As people take greater responsibility for their retirement, trusted advice becomes more valuable. This is changing the economics of how consumers purchase life insurance and...
The GenAI Revolution: Transforming insurance operations beyond automation
People need to move from asking : “Will AI take my job?” to:“Which parts of my job should AI take away so that I can do something more valuable?” Mohit Sharma, Chief Digital, AI & Transformation Officer, Generali Central Life Insurance As businesses and societies...
Life insurers projected to post 10–20% VNB growth in 2QFY27: Report
"We expect 2QFY27 earnings call discussion and stock price performance to be centered around the impact of the proposed distribution norms and EoM guidelines, with less emphasis on the quarterly financial performance itself," a research report by Kotak Institutional...
Distribution reforms to generate employment, make new players’ entry easier: IRDAI Member
Girija Subramanian,member, Distribution, IRDAI The effective dates under consideration for implementing the new reforms are Jan. 1 and April 1, said Girija Subramanian,member, Distribution, the Insurance Regulatory and Development Authority of India(IRDAI)....