The implementation of Bima Sugam is going as planned and is now...
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Bima Manthan:IRDAI asks insurers to strictly focus on claim settlement, zero-tolerance to non-compliance of regulations
Debasish Panda, chairman,IRDAI Distribution reforms in the pipeline...
Project DIVE: LIC launches Marketing Tech platform to power next-generation customer engagement
Siddhartha Mohanty, CEO & MD, LIC, said, "With the launch of...
Munich Re Life US to acquire a health information exchange
In line with Munich Re’s digital strategy and commitment to helping our life insurer clients grow their business intelligently, Munich Re’s acquisition of Clareto will enable Munich Re to structure EHRs for optimal use in life insurance underwriting. NEW YORK: Munich...
IRDAI to hold `Open House’ with various industry players on 15th of every month
Debasish Panda, chairman,IRDAI ``All the regulated entities are requested to make use of this initiative to interact with the chairperson, whole-time members and senior officials of IRDAI and offer pragmatic solutions to reduce significant insurance penetration gap in...
HDFC Life,ICICI Pru Life and Max Life emerge as top Indian life insurance brands: Hansa Research
HDFC Life, ICICI Prudential and Max Life Insurance are in the top three scorers in terms of brand NPS as they have been more successful in providing faster and increased communication and post-sales customer support by adopting digital technology. This shows that...
Jyoti Vaswani appointed as CIO of Canara HSBC Oriental Bank of Commerce Life Insurance
Canara HSBC Oriental Bank of Commerce Life Insurance today announced the appointment of Jyoti Vaswani as their new Chief Investment Officer (CIO). Vaswani brings over 25 years of rich experience in the mutual fund and life insurance industry having worked in the...
IRDAI to scrap licensing renewals for insurance brokers and other intermediaries: chairman Panda
Debasish Panda, chairman,IRDAI ``We have decided to dispense with renewal of registration for insurance intermediaries and allow their licenses in perpetuity,'' said Debasish Panda, newly appointed chairman of IRDAI while addressing a press conference in Mumbai...
New IRDA chief Panda launches `Reforms 2.0′ for Indian insurance industry
Debasish Panda,chairman, IRDAI ``After two-decades of liberalisation, the Indian industry is matured and have to be given more freedom in fixing market determined pricing and launching innovative products,’’ said Panda, who retired as secretary of the department of...
“Every Indian should have at least one life insurance and a health cover ” says new IRDAI chief unveiling his new industry agenda
Debasish Panda, chairman, IRDAI IRDA chief has hinted that insurers don’t need IRDAI approvals for every product ``Each life insurer has actuaries to design their products that can be approved its own board. You should design product so that you can reach out every...
HDFC Bank’s $40 billion deal may face regulatory hurdles over insurance, analysts say
HDFC Life and HDFC ERGO are among the leading life and general insurance companies in the private sector, and analysts say the RBI is unlikely to be comfortable with the size of the insurance operations the deal will give the bank Mumbai: HDFC Bank's $40 billion deal...
Govt may scale down size of LIC IPO to Rs 50,000 crore, may launch it in mid-May
The government and its advisers are considering seeking a valuation of about 1.25 to 1.5 times LIC’s embedded value, the people said. Officials are still discussing potential terms of the offering, and the fund-raising target could still change, the people said...
Global insurers plan to ramp up private equity investments
More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost returns, according to the survey of 328 executives overseeing more than $13 trillion in insurance assets Insurers want to put more money into private equity...