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IRDAI unveils regulations for Bima Sugam, services will be free for customers
Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd...
Underwrite disruptions to improve market penetration: IRDAI chief to insurers
Debasish Panda,chairman, IRDAI "There is a need to come out of the...
HSBC considering a bid for Aviva’s Asian operations, reports suggest
Aviva, the UK insurance conglomerate whose shares have dropped 27 per cent in the last 12 months, confirmed in August it’s examining options for its Asian business as new chief executive officer Maurice Tulloch’s turnaround takes shape. The company’s operations in the region could be valued at about $3 billion to $4 billion, with an official process slated to kick off later this year, Bloomberg News reported earlier.
Interviews on Aug 27 to select chiefs of GIC Re, AIC and MDs of LIC
The senior official of the state owned general insurance companies who have been shortlisted for the interview are – M Poddar, general manager(GM), National Insurance Company, Dinesh R Waghela, GM, Oriental Insurance Company,SN Rajeswari, GM, New India Assurance, DTV Sashtri, GM, United India Company,Deepak Prasad, GM, GIC Re , Anil Shristav, GM, OIC, Devesh Shristav, GM, GIC Re, M and Bullaswami, GM, NIA.
Among the senior officials, who have been called for the interview for selecting two MDs of LIC are, MK Gupta ED, Personnel. Raj Kumar CEO, LIC Mtual Fund , HS Sasikumar, ZM,Bhopal, S Nallakuttalam.
Max Life Insurance announces the launch of Max Innovation Lab
As part of this Programme, the startups will help create solutions by leveraging new age technologies such as Artificial Intelligence, Blockchain, Internet of Things, Big Data to facilitate a host of services such as intelligent data acquisition and processing generated from online/offline sources, intelligent underwriting, intelligent agent/seller hiring, financial management and more
Prudential to split by year-end; monitoring Hong Kong protests
Prudential said last year it planned to split into two companies, a route followed by insurance and asset management peers including Old Mutual and Standard Life Aberdeen.
Rajesh Sud to replace Ghosh at Bharti Enterprises
Rajesh takes over from Soumen Ghosh (Sam) who successfully led and turned around the financial services business. In his new role, Rajesh will lead the Group’s financial services businesses (Bharti-AXA General Insurance and Bharti-AXA Life Insurance) and will also be on the Board of Airtel Payments Bank.
UK’s Aviva reviews Asia business
London: Britain’s second largest insurer Aviva reported a forecast-beating 1% rise in first-half operating profit on Thursday, helped by a strong performance in its general business and announced a review of its Asian operations. In his first...
Aegon Life says data of 10,000 Indian customers possibly exposed
“We will initiate an outreach program in coming days to offer guidance to affected customers and to let them know what information was exposed. At Aegon Life, data security and customer privacy are of utmost importance and we will continue to be transparent with customers as we investigate further,” the company said.
Aviva weighs options for Asian business including possible sale
U.K.-based Aviva has about 52% of its customers outside of its home market. The company has 885,000 clients in Singapore as well as strategic investments working with local partners in China, Hong Kong, Indonesia, Vietnam and India, according to its website.
InsurTech investment buoyant in Q2, 2019:Willis Towers Watson
69 deals with a total value of $1.41 billion were announced in Q2, 2019. The value of investments in property/casualty-focussed firms rose by 283% compared to Q2, 2018, and Life & Health deals by 259%. The number of strategic investments by (re)insurers hit a record high of 36.
Insurance subsidiaries of DHFL are in a comfortable position:IRDAI
“The insurance companies (of DHFL) are safe. I don’t see any problem in the insurance companies. We monitor the performance and their solvency is adequate and there is nothing to worry,” Khuntia said on the sidelines of centenary year celebration of New India Assurance on Tuesday