Thierry Leger,Chief Executive Officer,SCOR SE The Paris-based...
Category:
Life
Latest
LIC share touches a new life time high of Rs 1178
On a year to date basis, private life insurers like HDFC Life...
Eco- Survey flags off possible misinterpretation of principles-based regulations by private sector insurers
``Globally, the private financial sector has repeatedly shown...
ClearView adopts Munich Re’s new cloud-based digital services solution to automate underwriting decisions
ALLFINANZ Cloud,will enable ClearView to pursue its multi-year IT transformation project, which is centred on the development of an integrated life insurance Policy Administration System and a cloud-based underwriting rules engine, and strives to enhance the customer and advisor experience.
The platform will also support the experience of underwriters and other staff by giving them insights and easy-to-use tools to continually fine-tune underwriting rules, business processes and customer journeys.
Covid-19 Pandemic to slow down top 10 largest global insurance markets in 2020
The world’s 10 largest insurance markets, in order, as defined by total premium written in 2018-2019, are: the United States, China, Japan, the United Kingdom, France, Germany, South Korea, Italy, Canada and Taiwan. The Triple-I’s projection of a 4.5% GDP decrease in the world’s 10 largest insurance markets in 2020 as compared to 2019 was weighted based on the total premium written in each one.
Ahead of IPO FinMin invites bids from actuarial firms for valuing LIC
The Request for Proposal has been issued to seek proposals / bids from reputed and eligible actuarial firms to work with LIC to “develop IEV in line with the requirements of the relevant Acts and regulations, Actuarial Practice Standards and guidance notes issued by the Institute of Actuaries of India and LIC Act, 1956, and to provide support during the IPO process”, it said.
PM inaugurates Ayurveda research & teaching instituteJamnagar,
“Institute of Teaching and Research in Ayurveda will be the first institution with institution of national importance status in the AYUSH sector, and this will enable the institution to be independent and innovative in the matter of deciding course content and pedagogy. The decision to set up the institute comes at a time when global interest in health solutions based on traditional wisdom is at an unprecedentedly high level and ITRA is poised to take Ayurveda education to new vistas,”
IRDAI allows e-signature of customers for buying life insurance policies till March 2021
The insurance agents can’t solicit non-single premium unit-linked insurance policies for annualized premium exceeding Rs.50,000 or single premium unit-linked insurance policies exceeding Rs. 1,00,000.
Global insurance markets set to rebound with China leading recovery, says Swiss Re
Global insurance premiums expected to grow by 3.4% in real terms in 2021, after contracting an estimated 1.4% in 2020
China will lead recovery with premiums up by an estimated 10% in non-life next year, and by 8.5% in life
Insurance recovery supported by heightened risk awareness driving demand and continued strong rate hardening
Amid uncertainty of how the COVID-19 crisis will evolve, and the risk of trade war and a credit crisis, public policy should focus on sustainable infrastructure development and inclusive growth
Global insurance markets set to rebound with China leading recovery, says Swiss Re Institute
Still no clarity from UK to assess financial market access, says EU
With less than two months before Britain’s full access to the EU ends under post-Brexit transition arrangements on Dec. 31, London’s giant financial hub faces being largely cut off from its biggest customer.
Britain’s finance minister, Rishi Sunak, said on Monday he would not wait for Brussels to decide on UK access and would instead unilaterally allow EU financial firms to offer selected services to UK customers from January.
Edelweiss Tokio Life Insurance launches one yr Covid-19 cover,offers a minimum critical illness benefit of Rs10 lakh
With premium rates starting at only Rs. 5,329,the product,it offers a substantial critical illness benefit, a term cover, and offers instant decisioning without any medical examination
In addition, on diagnosis of Covid-19, the product also triggers minimum enhanced term cover worth Rs. 25 lakhs sum assured.
Life insurers’ new premium income rises 32 % to Rs 22,776 crore in Oct, LIC & HDFC Life shine
Majorly bolstered by Individual Single Premium and Group Single Premium, LIC, with a market share of 70 per cent, itself has grown its new premium income by 36 per cent y-o-y to Rs 15548.06 in the month of October while the private sector led by HDFC Life has expanded by 23.56 per cent y-o-y to Rs 7227.96 crore during the month..
Threat of crackdown on U.S. insurers fades as political ‘Blue Wave’ sputters
That bodes well for the insurance industry, which had feared a Democratic sweep would allow progressives to reprise regulations introduced after the 2008-2009 financial crisis and push a disruptive healthcare overhaul.
Health insurance stocks jumped on Wednesday, as fears of a dramatic change faded. The S&P 500 managed care index .SPLRCHMO rose 9.8% as investors and insurance trade groups cheered an expected Republican hold on the Senate.