In India, employers see risk and insurance benefits (51 per cent),...
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Liberty General Insurance appoints Parag Ved as CEO Designate
Ved was the second official from Tata AIG General to become a CEO...
UK watchdog sets three-month deadline to improve car insurance
The Financial Conduct Authority (FCA) said on Wednesday it had...
ArgoGlobal Syndicate 1200 to exit Asia
All existing policies remain valid and the company will manage claims handling through its London operation.
Hurricane Dorian slams Bahamas, Florida,expected industry losses range between $11.3bn to $37.2bn
Industry loss estimates are currently sitting in a range from $10 billion to as much as $25 billion (perhaps even $30 billion according to some new runs we’ve seen), which aligns with these analogue storms RMS has highlighted
Costs making it difficult for EV to make a good value proposition: Maruti Suzuki
Under the current circumstances, a mass segment EV is likely to cost around two-and-half times more than the same vehicle type powered by a conventional engine, he added.
Auto sales remain subdued in Aug
“System stock reduction through retail focus and aligning production will continue to be our approach, while cautiously monitoring the market in these challenging times,” Tata Motors President, Commercial Vehicles Business Unit Girish Wagh said, adding as a result, retail sales are estimated to be ahead of wholesale by over 25 per cent in August
Bancassurance landscape to see changes after merger of 10 PSBs to change the country’s
At least three insurance companies —Star Union Daiichi, Canara HSBC OBC Life Insurance and India First Life Insurance — could witness a change in their ownership structure because of the bank mergers, but that may probably give these firms a better reach to build their businesses with extended branch network.
India’s economic growth dips to 7-year low of 5% in April-June
Gross Fixed Capital Formation (GFCF), which is a barometer of investment, at constant (2011-12) prices was estimated at Rs 11.66 lakh crore in the first quarter as against Rs 11.21 trillion a year ago.
100% FDI in insurance intermediaries notified
The FDI limit was set at 49 per cent till now. Industry had said the move to allow 100 per cent FDI for insurance intermediaries is a positive one and will help in the long-term and holistic development of the industry.
Insurance broking body opposes 100% FDI in the sector
In an earlier missive to the chairman of the insurance regulator IRDAI SC Khuntia, the IBAI has said, “ An online survey of brokers was conducted where a slight majority (51%) were against FDI being increased and a significant majority (49%) were in favour. The IBAI work on the basis of the majority view and it is this context that the IBAI would like to reiterate the stand that it has consistently taken which is that FDI at this stage is not recommended for the industry.
Silent-cyber claims expectations decline across insurance lines and industry groups:Willis Re
Silent cyber risk refers to cyber losses which affect insurance policies that have not been specifically designed to respond to cyber incidents.
Philippines Insurance Commissioner Dennis B. Funa elected as Asian Re chairman
Besides the Philippines, the Asian Re has nine other member-states from the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), namely: Afghanistan, Bangladesh, Bhutan, China, India, Iran, South Korea, Sri Lanka and Thailand.