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BAGIC receives Rs1010 crore GST notice on reinsurance commission and coinsurance deals
The alleged demand and the impugned show cause cum demand notice...
Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia
The lessor under Japan's Sumitomo Mitsui Financial Group said the...
PSBs reported frauds of over Rs 95,760 crore in six months: FM Sitharaman
SBI Life’s Roop Kumar to chair RIMS India Regional Advisory Group
On 22 November, RIMS second annual RIMS Risk Forum 2019 India in Mumbai will explore opportunities for businesses to more confidently and effectively address dynamic business risks in the country
Now insurers don’t need a surveyor to settle Cyber,Motor theft,Crop claims:IRDAI
Any claims, in respect of loss or damage to crop, trees, plantations and forests which are covered by the Government sponsored Schemes and ciams under policies of motor vehicle insurance wherein the claim is on account of theft or injury/death to third parties, can be settled without appointing a certified surveyor
Broking houses downgrade stocks of GIC Re & New India Assurance
“Underwriting losses narrowed marginally sequentially to around Rs 1,100 crore. Health (Rs 450 crore, 44.3 percent share) and motor (Rs 270 crore, 26.4 percent share) continue to report highest losses. NIACL continues to write low margin group health and government business leading to higher losses in health,” HDFC Securities said.
Aviva to retain China, Singapore businesses after conducting Asian review
London: Aviva Plc, the U.K. insurer that’s overhauling some businesses as part of its chief executive officer’s turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest market, Singapore. The firm will continue...
PSUs must be subjected to governance norms on par with pvt firms: CII
The suggestion is part of the Competitiveness Model developed by CII Research comprising six key elements to enable central public sector enterprises (CPSEs) to compete successfully in the global marketplace
Allianz partners with Microsoft to digitally transform the insurance industry
“Together, Microsoft and Allianz are offering a solution that combines Allianz’s deep knowledge of the insurance sector with Microsoft’s trusted Azure cloud platform. By delivering an open-source, cloud-based insurance platform and software application marketplace, we will support innovation and transformation across this sector.”
FBI warns on rise in sophisticated Cyber crimes
Partnerships between victims, local law enforcement, the FBI and its field offices overseas, and law enforcement in other countries is critical to combatting this transnational crime, said Loren Cannon, the FBI’s special agent in charge of the Portland office.
Terrorism results in USD 1 trillion loss to world economy: Narendra Modi at BRICS Summit
“According to some estimates, the economic growth of developing nations has decreased by 1.5 per cent due to terrorism,” he said, adding that the scourge has caused USD 1 trillion loss to the world economy
Led by India and China,emerging Asia will power global growth:Swiss Re
The main engine of the global economy will be emerging Asia, with near 6% growth in both India and China. The contribution of insurance to resilience will be greatest in this region as well. In China, non-life premiums are forecast to grow by 9 per centin 2020, and life premiums by 11 per cent