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Taiwan to deploy investment from insurance funds to help finance island’s green energy
Taiwan is phasing out coal-fired power stations and shifting to...
China asks insurers to hold sufficient capital and liquidity
Companies should establish a concentration risk information...
Over 1.4 lakh Bengal farmers to get crop insurance due to unseasonal rain: Minister
''There has been crop loss in both West and East Midnapore, Hooghly, South and North 24 Parganas districts. Nearly 1.44 lakh farmers will be getting insurance worth Rs 112.8 crore,'' Chattopadhyay told PTI Kolkata: West Bengal Agriculture Minister Shobhandeb...
Non-life insurers’ gross premium income rises 24% to Rs 21,327 cr in April
The five standalone private sector health insurance companies posted a 29.14 per cent growth in their collective gross premium income during the month at Rs 1,550.14 crore, as against Rs 1,200.34 crore in the year-ago period Mumbai: The gross premium income of...
IRDAI grants compliance relief to general insurers and FRBs
Further IRDAI has decided that the FRBs and Lloyd’s India need not publish the half yearly and annual Revenue Account, Profit & Loss Account, Balance Sheet and Analytical Ratios etc. in the newspapers Hyderabad: Providing compliance relief, the insurance regulator...
Assisted driving systems struggle with collision tests: US consumer body
A fast-growing number of new vehicles are equipped with Automated Driver Assistance Systems, or ADAS, that partially automate functions such as steering, staying in a lane and braking. Tesla’s Autopilot is one of the best-known such systems, but most major automakers...
AXA launches mental health covers for Indian gr clients, partners with Manas for Mental Health Helpline
Ankur Nijhawan, CEO, AXA France Vie India Reinsurance Branch Ankur Nijhawan, CEO, AXA France Vie India Reinsurance Branch said, “Mental health is still ignored as a disease in India and we don’t provide primary care to the individuals who are dealing with it. At AXA...
Covers for Home, Micro and Small Businesses can be tailor-made: IRDAI
The new move will enable insurance companies to broaden the coverage already provided in the standard products by offering innovative add-ons or varying the existing provisions to meet the needs of the policyholders in terms of suitability and affordability Hyderabad:...
Chhattisgarh govt chopper crashes at Raipur airport,2 pilots killed
The incident took place during a flying practice at the Swami Vivekananda Airport in Raipur under Mana police station limits at around 9:10 pm, said Senior Superintendent of Police (SSP) Prashant Agrawal Raipur:A Chhattisgarh government helicopter crashed at the...
`Burning Cost’ can’t be quoted as a ‘mandated minimum rate’ to charge premiums by general insurers” IRDAI
Allowing general insurers to extend appropriate discounts, IRDAI has explained that ``The objective of Insurance Information Bureau of India (IIBI) publishing details of ``Burning Costs'' occupancy-wise is only to give information to insurers with regard to...
Karnataka HC stays Centre’s notification on higher fee and penalty on aged vehicles
As per the notification, fee for renewal of registration of cars older than 15 years was enhanced from Rs 600 to Rs 5,000 and bikes from Rs 300 to Rs 1,000 Fitness renewal certificate fee for buses and trucks older than 15 years was enhanced from Rs 1,500 to Rs...
AXA S.A. receives regulatory approval to operate as a licensed reinsurer
The transformation of AXA S.A into the group’s internal reinsurer aims to enhance capital fungibility across AXA Group** , in line with AXA’s capital management policy Paris: AXA announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance...