Bajaj Life launched of its upgraded and enhanced customer app –...
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LIC denies Washington Post report, says made investments in Adani firms independently
The statement was in response to a report in The Washington Post...
SBI Life’s net profit falls 7% to Rs 495 crore in Q2FY26 as costs rise amid competition
Its net premium income jumped 22.6% to Rs 24,848, driven by a near...
RBI approves Central Bank buying stakes of Generali group’s Indian companies
The Reserve Bank of India (RBI) has approved state owned Central Bank of India's entry into the insurance business through a joint venture with Generali group under Future Generali India Insurance Company Ltd (FGIICL) and Future Generali India Life Insurance...
AM Best maintains outlook for global reinsurance industry to positive
Property reinsurance rates and terms have been relatively stable and are unlikely to soften in the coming months, owing to the hurricane activity during this year. Life insurance remains a good source of diversification for the large global reinsurers. The global...
No new Bill on insurance reforms in Winter Session of Parliament
Indian insurance industry is expecting legislative measures allowing 100 % FDI and launching new systems like composite license', differential capital', reduction in solvency norms', captive license, change in investment regulations, one-time registration for...
GIFT IFSC emerging as a global innovative re/insurance market place, says IFSCA chairman
K Rajaraman, chairman, International Financial Services Centre Authority IFSCA’s light touch and principle-based regulations have been aligned to global standards to provide the entities with flexibility to offer products in various classes of business including...
Indian Insurtech sector attracted $ 2.5 bn funding, more investment to flow: Report
(Lto R) Vivek Mandhata, managing director & partner, Boston Consulting Group (BCG) and Arvind Virmani, member, NITI Aayog releasing a report on Indian Insurtech Sector on Wednesday in Mumbai According to report, released by Arvind Virmani, member, NITI Aayog at...
After FM, Irdai chief urges bankers to avoid mis-selling of insurance
“I wish to say this for the due consideration of the bank boards , sale of insurance by banks has raised concerns of instances of mis-selling and I would say this has contributed indirectly to cost of borrowing for the customers . So banks will have to look at this ,...
Life insurance drives global premium growth as interest rates remain higher for longer, says Swiss Re
Insurance premium growth forecast in real terms TotalNon-lifeLife 2024F2025– 2026F2024F2025–2026F2024F2025–2026FWorld 4.6%2.6%4.3%2.3%5.0%3.0%Advanced markets All4.1%2.0%4.3%1.9%4.0%2.0%North...
Stalin says LIC website reduced to propaganda tool for Hindi imposition, Corporation resolves technical glitch
M K Stalin,Tamil Nadu Chief Minister LIC has clarified that there was a technical issue in the website which has already been resolved Posting a screenshot of the LIC of India webpage containing Hindi, the chief minister said in a post on social media platform ‘X’:...
Prudential launches global AI Lab in Singapore, to improve consumer access to quality healthcare
Anil Wadhwani, Chief Executive Officer, Prudential plc, said: "Data, advanced analytics and AI are crucial to the delivery of our strategic priorities. The AI Lab will supercharge the development of exciting applications such as predictive analytics,...
8th Bima Manthan: IRDAI and Insurers brainstorm implementation of IFRS and Cyber security measures
In an era where digital transformation is reshaping industries, cybersecurity has emerged as a paramount concern, with an alarming rise in cyber threats. There was dialogue on urgency of strengthening Information Systems (IS) security, which emerged as a critical...