R Doraiswamy, MD&CEO, Life Insurance Corporation and Ajay Seth,...
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AI:From analytics to workforce and workflow
AI is rapidly becoming the new divider between leaders versus...
LIC CFO Sunil Agarwal quits
Sunil Agrawal, chief financial officer(CFO) and Key Managerial...
Repo Deals, G-Sec Lending: IRDAI recasts insurers’ investment playbook
In a significant change, insurers would be allowed to invest a portion of their shareholders' funds in private limited companies. Such investments, however, will be capped at 5 per cent of the shareholders' funds available beyond the solvency margin and will be...
IRDAI constitutes expert panel to chart AI roadmap for insurance sector
The panel, chaired by Sandeep K. Shukla, director of IIIT Hyderabad, will examine AI's impact on insurers, policyholders and the broader insurance ecosystem, with a particular focus on ethical adoption, transparency and data security. Hyderabad:Insurance regulator...
Public Insurance Registry:IRDAI ropes in former bureacrat Prakash Kumar as sr advisor
The regulator believes PIR could address one of the insurance sector's most persistent challenges: fragmented data scattered across insurers, making it difficult for policyholders to access their records seamlessly and for regulators to obtain a comprehensive view of...
Turtlemint Fintech raises Rs 397 crore from anchor investors ahead of IPO
Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi, promoters of Turtlemint ICICI Prudential Mutual Fund (MF), Mirae Asset MF, Amansa Holdings, BNP Paribas Financial Markets, Edelweiss MF, Bajaj Life Insurance, Societe Generale, ICICI Prudential Life Insurance...
Allianz leads race for HSBC Life Singapore
HSBC had shortlistedAllianz, Sumitomo Life Insurance Co. and Daiichi Life Group Inc. as bidders for the Singaporean insurance unit. Other insurers including Sun Life Financial Inc. and Nippon Life Insurance Co. were said to be in the frame for the unit previously....
NSE files for Rs 30,000-cr IPO; set to become India’s biggest-ever public issue
Life Insurance Corporation of India (LIC), the single largest shareholder in NSE, holding a 10.72 per cent stake, will not offload any shares. GIC Re (1.07 crore shares), The New India Assurance Company (1.05 crore shares), National Insurance Company (0.60 crore...
LIC targets stronger market leadership as it approaches its platinum jubilee
R Doraiswamy, CEO and MD,LIC Doraiswamy further said LIC is actively considering establishing a fintech arm either through strategic investment or an organic way to cater to its growing digital needs. New Delhi: LIC CEO and MD R Doraiswamy has said that despite rising...
IRDAI:Govt appoints Girija Subramanian as member, Distribution, Dinesh Pant as member, Actuary
Girija Subramanian, CMD, New India Assurance Besides, the tenure of the two existing members – Deepak Sood(Non-life) and Rajay Sinha(Finance and Investment) have been extended by two more years from the date of their retirement till thet reach 65. Dinesh Pant,...
LIC employees requisitioned for census duty: Allahabad HC stays Kanpur Nagar Nigam order
The The Allahabad High Court found the impugned directive prima facie bad in law. It also rejected the stance of the state and the union governments that census operations are of national importance and hence no interim order be passed on the plea. Prayagraj (UP): The...
CCI okays Sanlam Group’s proposal for stake purchase in Shriram Life Insurance
“The proposed combination envisages acquisition of 2.80 per cent of the expanded equity capital of Shriram Life Insurance Company Ltd (SLIC) through a preferential issue by Sanlam Emerging Markets (Mauritius) Ltd (SEMM),” the regulator said in a release. New Delhi:...