Hitesh Joshi,executive director & acting CMD, GIC Re ``Keeping...
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AIA Australia deploys SCOR’s VClaims
Tracey Crowe, General Manager for Claims and Underwriting at AIA...
TATA AIG launches Personal Accident policy
TATA AIG General Insurance today announced the launch of Accident...
NIA unveils exclusive cover for women entrepreneurs
Girija Subramanian, CMD, New India Assurance ``Lack of awareness regarding insurance and availability of customised products for women in this space can be taken care of by engaging women in marketing and distribution of products customised to meet the needs of these...
GST rates will come down further: Sitharaman
Nirmala Sitharaman, Union Finance Minister Responding to a question ’ on whether it is time to rationalise GST rates and slabs, Sitharaman said ”that work has almost reached a finale”. Mumbai: In an Indication that the GST rates on Health Insurance and Term Life...
Automobile retail sales drop 7 pc in Feb amid slowing demand FADA
Two-wheeler sales witnessed a drop of 6 per cent year-on-year in February at 13,53,280 units as compared to 14,44,674 units sold in February last year. Dealers attributed this to inventory imbalances, aggressive pricing adjustments, weak consumer sentiment, lower...
Miller establishes new M&A and Strategic Solutions Team
The team will sit within Miller’s Professional & Financial Risks business and will be based in London advising its client base of private equity, hedge and sovereign wealth funds, corporates, law firms and corporate financiers on domestic and cross-border risks...
Govt wants insurance payouts to replace its compensation in managing natural disasters: DFS Secy
L to-R-Hitesh Kotak, Chief Executive, Japan, India, Korea, and South-East Asia at Munich Re,Krishna S Vatsa, Member, NDMA,Safi Ahsan Rizvi, Advisor (Mitigation), NDMA, M Nagaraju, Secretary, Department of Finance (DFS), Mandakini Balodhi, Director(Insurance),...
Draft Insurance Laws Amendment Bill in advanced stages, to be tabled in Parliament shortly: Minister Pankaj Chaudhary
Pankaj Chaudhary,Minister of State for Finance M Nagaraju, Scretary, DFS, mentioned that to ensure greater consistency, consumer protection, transparency, and grievance redressal, the department is proposing setting up a unified forum where regulators and authorities...
AXA XL Insurance appoints Sylvie Gleises as Regional Chief Executive Officer, Asia
Sylvie Gleises as Regional Chief Executive Officer designate), AXA XL Insurance,Asia Xavier Veyry, Regional CEO for APAC & Europe at AXA XL, commented: "Asia’s commercial insurance sector continues to grow at a rapid pace, now accounting for over 30% of global...
WTW launches an AI-driven performance monitoring tool custom-built for insurers
Radar Vision provides unique insights for pricing, portfolio management, underwriting and claims, allowing rapid response to emerging trends. Singapore: WTW, a leading global advisory, broking and solutions company, has announced the launch of Radar Vision, an...
Lloyd’s highlights risk of extreme space weather as latest scenario reveals potential global economic loss of $2.4trn
North America is identified as the region likely to be most financially impacted by the scenario, suffering a potential economic loss of $755 billion over the modelled five year period. However, the gap between the impact on North America and Europe is relatively...
Insurance nominations can’t override personal succession laws: Karnataka HC
Justice Anant Ramanath Hegde ruled that a nominee can receive the insurance benefits only if the legal heirs do not claim them. If a legal heir asserts their right, the nominee's claim must yield to personal succession laws Bengaluru: In a crucial ruling, the...