ICICI Prudential Life Insurance MD and CEO Anup Bagchi said, "We...
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Doraiswamy takes over as MD& CEO of LIC
Ramachandran Doraiswamy, MD&CEO, Life Insurance Corporation He...
Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian...
Bank of England tells UK to hold insurers to account on infrastructure
Britain is rolling back capital rules for insurers from later this year and the industry has said this would make available up to 100 billion pounds to invest in infrastructure, but some lawmakers have doubts this will actually be the case The government should check...
LIC presents dividend cheque of Rs 1,831 cr to FM
(L to R) M P Tangirala, additional secretary, Dept of Financial Services, Nirmala Sitharaman, Union Finance Minister, Siddhartha Mohanty, chairman, LIC, M Jagannath,MD, LIC The corporation had a total premium income of Rs 4,74,005 crore and a net profit of Rs...
China sentences former head of its largest life insurer to death with a 2-yr reprieve
Wang Bin, ex-chairman of China Life Insurance Co., was found to have taken bribes worth 325 million yuan ($45 million) and hiding overseas deposits, China Central Television reported Tuesday, citing a court ruling Beijing: China sentenced the former head of the...
Aviva quits Singaore life JV, Sells stake to Sumitomo Life for $997 million
Aviva Chief Executive Amanda Blanc said the transaction further simplifies the business and puts the company in a very strong position to build on its trading momentum in the UK, Ireland and Canada London: Aviva is quitting its Singlife joint venture, selling its...
Protection Gap: a meager 6% of Indian insureds have sufficient insurance coverage, SBI Life Study
``It's a matter of great concern that 80% of consumers acknowledge insurance's pivotal role in financial security, yet a staggering 94% remain inadequately covered. This stark contrast between perception and reality drives our mission's urgency,''Mahesh Kumar Sharma,...
DFS Secy Joshi wants GIC Re to grow its life reinsurance business
N Ramaswamy, CMD designate,GIC Re, Vivek Joshi,Secretary, Department of Financial Services, KK Sharma, Chief Postmaster General, Maharashtra Circle. Devesh Srivastava, CMD, GIC RE, at an event on Tuesday for releasing GIC Re's Customized Corporate My Stamp (CCMS)...
Bima Sugam: IRDAI sets a new deadline of July 2024, forms insurers’ panel for its execution, to select a consultant soon
Cyril Amarchand Mangaldas (CAM) has been appointed as the legal counsel for the project. Responsibilities of CAM will include incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform The platform will support all...
Bima Manthan: IRDAI to meet insurance CEOs on Sep 4-5
IRDA chairman Debasish Panda will address CEOs of general insurance companies, SAHI companies and reinsurers on Sept 4. On Tuesday, Panda will meet all the CEOs of the industry in the morning session and CEOs of only life insurance companies...
Covid BA.2.86 appears less transmissible than XBB & EG variants: Experts
The US Centers for Disease Control and Prevention (CDC) in its August 23 risk assessment, stated that based on currently available data, updated Covid-19 vaccines targeting the XBB.1.5 variant are expected to be effective against BA.2.86, for reducing severe disease...
Tech veteran Venkat Changavalli takes over as new CEO of IIBI
Venkat Changavalli, new CEO, Insurance Information Bureau of India According to industry sources, Venkat's appointment is temporary and IRDAI would soon start a new search processes to appoint a new CEO at IIBI Among a host of actionable areas, IIBI has recently set...