However, no final decision on the matter can be taken by the...
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Aegon Life acquired by Bandhan Financial Holdings
Karni Singh Arha, managing director, BFHL, said, “ Given Bandhan’s...
IFRS 17: Successful Strategies
It is important to note that IFRS 17 or Ind AS 117 do not alter the...
HDFC Int Life & Re assigned “BBB” rating with stable outlook by S&P
Its business consists of both treaty and facultative reinsurance arrangements assumed from ceding companies in the GCC region, relating to a broad range of life insurance product lines covering individual life, group life and group credit life
Life insurance vs Health insurance
Health insurance policies and life insurance policies are completely different from one another. They have different coverage benefits, pay different types of claims, have different premiums and also fulfil different financial needs of individuals.
IRDAI Board to meet on Dec 21, may allow new players
Some well known names like Paytm and Indiabulls group and a few other companies, backed by Private Equity Funds, have already applied for licenses some time ago, to float life , general and exclusive health insurance companies to the IRDAI.
AM Best revises 2019 Global Reinsurance Outlook to Stable
OLDWICK, N.J: AM Best has revised its market segment outlook for the global reinsurance industry to stable from negative for 2019, citing factors stemming from a growing alignment between traditional and third-party capital among non-life reinsurers. A more-stabilized...
Actuaries face uncertainty amid encroachment by Data Scientists
Seasoned actuaries often earn more than $200,000, and the field perennially ranks near the top of “best career” surveys. A Bankrate.com survey from this summer called actuarial science the most valuable bachelor’s degree based on pay and employment. However, industry conventions are rife with warnings that data scientists are encroaching on actuaries’ turf, and that their lack of speaking skills keeps them locked in bookish roles at insurers.
Early diagnosis of disease to drive future life expectancy, Swiss Re
Digital health tools like telemedicine and wearables can play an important role in driving future mortality improvement. These technologies not only improve access to care but also encourage healthcare markets to compete for lower, more affordable options.
IRDAI proposes changes in registration norms for insurance marketing firms
IRDAI has also proposed expansion of the basket of products which can be solicited or procured by an IMF to include group insurance products for Micro Small and Medium Enterprises (MSMEs), crop insurance for non-loanee farmers and combi products
G Srinivasan appointed as director of Pune based NIA
Srinivasan had retired from New India Assurance, the largest Indian general insurer, in July end after heading company during 2013-2018 and likely to take over in Jan 2019. NIA is dedicated to Management Development Programmes catering to the insurance industry professionals to enhance the management skills and do main expertise and has now two year Post Graduate Diploma in Management course to fulfill the growing demand of skilled professionals in Insurance and Risk Management.
LIC’s total valuation surplus at Rs 48,445 cr, up 10 % in 2017-18
The life insurance behemoth had an annual income of Rs 5.23 lakh crore and achieved the highest ever first Year premium income of Rs 1,34,551.68 crore in FY 2017-2018 and now manages assets worth more than Rs 28.45 lakh crore
India Inc increasing focus on employees’ emotional and financial wellbeing:Willis Towers Watson
The study found that in 2018, over 80% of the organisations have taken at least one action in the following areas – health risks or condition management; weight management, physical activity and nutrition; and, managing employee stress and mental health. While 61% have taken at least one action to improve the financial wellbeing of employees in 2018, it is a concern that almost half of the surveyed organisations still do not have a formally articulated health and wellbeing strategy.