Tatsuya Yamamoto, CEO of Japan at Aon, said, “Japanese...
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Govt deliberates on roadmap for Financial Inclusion 2.0
M. Nagaraju, Secretary, Department of Financial Services Nagaraju...
Govt notifies wage revision for PSU general insurance industry
The overall hike in wage bill will be 12.41 per cent with an...
China Construction Bank sued in U.S. over reinsurance fraud losses
The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...
IRDAI approves Hinduja group’s new plans to take over Reliance Capital, deal to close by May 27
Ashok Hinduja, chairman, IndusInd International Holdings Limited , The IRDAI's clearance for the deal has come now and with the IRDAI's approvals in place, it is possible to stick to the earlier dead line of May 27 for the completion of acquisition of RCL, with two...
Insurance Councils and Panchayat Raj ministry to identify gram panchayats for rural sector business: IRDAI
After the finalisation of the first gram panchayat for each insurer, the council should share the list with the Insurance Regulatory and Development Authority of India New Delhi: With the objective to meet insurance for all by 2047, the sector regulator Irdai on...
Go Digit to open its IPO on May 15,price band in range of Rs 258-272, to raise Rs 2,615 crore
The insurer will raise Rs 2,615 crore via its IPO which includes a fresh share sale of Rs 1,250 crore and an offer-for-sale (OFS) of up to 5.47 crore equity shares amounting to Rs 1,489.65 crore. by its promoters and existing shareholders of the company Valuation of...
Rajasthan to digitalize healthcare with new online health management system
Under the health management system, electronic health records, DIGI health locker, freedom from queues for patients, unified digital survey, KPI-based dashboard, single window system for health-related license and NOC etc., tele ICU, geo-tagging based hospital etc....
PB Fintech records a net profit of Rs 60.59 crore in Q4FY24
The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of Rs 60.59 crore ($7.3 million) for the quarter ended March 31, against a net loss of Rs 8.95 crore a year ago New Delhi: India's PB Fintech, the parent of online...
El Niño sees African Union Insurance Agency pay out $60 million
El Niño is caused by ocean currents that bring dry and hot weather to Southern Africa. Zimbabwe, Malawi and Zambia have declared national state of disasters The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations...
Indian pet insurance market poised for exponential growth: experts
"Rising pet ownership, industry growth, proactive insurance companies, and pets being seen as family members are driving the increased awareness and uptake of pet insurance. As more homes welcome pets, the demand for financial protection against unexpected pet medical...
IRDAI slaps Rs 1 cr fine on Prem Watsa promoted Digit Insurance for violating shareholding norms
``It is observed that there has been an inordinate delay in filing the particulars of JV Amendment Agreement, which among other things contains details of change in conversion ratio and total number of CCPS(convertible preference shares ) as 78,00,000 as against...
Hinduja group floats 4 new Indian cos to acquire Reliance Capital
Hinduja Group has now submitted a new plan changing the entire corporate structure of the transaction for the implementation of the resolution plan which again has been submitted to all the regulators for their fresh approvals Mumbai/Hyderabad In a bid to...