Nirmala Sitharaman,Finance Minister Finance Minister Nirmala...
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SBI Life’s net profit almost remains flat at Rs 814 crore in Q4FY25
Amit Jhingran, MD & CEO of SBI Life stated, ``With a 12% growth...
Aditya Birla Capital becomes a corporate agent
After selling its insurance broking unit, Aditya Birla Capital...
10-yr old PEs with $100 million investible funds allowed to promote Indian re/insurance companies: IRDAI
The new regulations are proposing major changes in Indian insurers' fit and proper criteria, allowable limits of investment, lock-in period on investment, process of registration and criteria for investment by Private Equity Funds The minimum shareholding of...
APAC life insurers’ large liquidity positions limit derivative exposure risks
Japanese life insurers’ derivative-related exposures are higher than those of other insurers in the region, primarily because of hedged foreign-exchange risks, mainly against the US dollar. Generally, 50%-90% of these currency risks are hedged and transactions are...
Irdai grants approval to merger of Exide Life into HDFC Life
With the transfer of its life insurance business to HDFC Life, Exide Industries acquired 4.12 per cent stake in HDFC Life New Delhi: Insurance sector regulator Irdai has granted final approval to HDFC Life Insurance Company Ltd (HDFC Life) to merge Exide Life into the...
Mental, physical & financial resilience improving, says New HSBC Life 2022 +Factor Study
Greg Hingston, CEO, Global Insurance and Partnerships, HSBC Life, commented: "The interconnection between mental, financial and physical dimensions is clear. When one dimension improves, the others follow. When physical, mental and financial health are all addressed,...
Indian insurance industry can become 6th largest global market soon, says IRDA chief
Debasish Panda,chairman, IRDAI ``There are huge opportunities but we are not able to tap it specifically in the context of agricultural, disaster management and cyber insurance,'' said Debasish Panda,chairman, IRDAI Mumbai: Debasish Panda, chairman, IRDAI has said the...
Financial bids for IDBI Bank likely to be invited by March, sale process to conclude next fiscal: Officials
Private sector banks, foreign banks, Reserve Bank of India(RBI) registered non-banking finance companies, Sebi-registered Alternative Investment Funds (AIFs), a fund/investment vehicle incorporated outside India would be allowed to submit bids, either individually or...
Cardif Japan selects Munich Re’s tech solution to support its move to the cloud
``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:...
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 bRs 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...