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IRDAI is working towards 100% cashless claim settlement in health insurance: Panda
``I am happy to inform that all general and health insurers and...
DFS Secy Joshi wants GIC Re to grow its life reinsurance business
N Ramaswamy, CMD designate,GIC Re, Vivek Joshi,Secretary,...
Global insurance prms exceed a record $5 trillion in 2018, to grow by 3% in 2019/20:Swiss Re Study
The non-life sector faces a fundamental structural shift over the next decades,with a possible decline in premiums from motor, the dominant line of business today. This potential decline will come as a result of the ongoing evolution of advanced driver-assistance systems and self-driving car technologies, which are expected to lead to lower claims, and so also lower premium rates and volumes in motor.
Economic Survey 2018-19: Emphasise on EVs, frame policy to reduce total ownership cost
The Survey further said that given the commitments that India has made on the climate front as a nation and the increasing awareness of the consumers on environmental aspects, it is likely that larger and larger share of the automobile sector will be in the form of electric vehicles.
Alamelu joins IRDAI as member, non-life, IRDAI
Alamelu, who was appointed as the member, non-life, IRDAI on March 11, joined her new posting after the government appointed Rajeev Chaudhary, general manager, AIC as the acting CMD of the company for six months.
Global #MeToo movement provides lots of work for London’s top lawyers
Horacio Bernardes Neto, president of the International Bar Association that represents attorneys, said in May that law firms hired to advise corporations on how to handle harassment allegations needed to get their own hiring and workplace behavior in order because of the risk being called out for hypocrisy, after a global survey found one in three female attorneys has been sexually harassed at work.
Vatican defends secrecy of Catholic Confessions amid priest sex scandals
Cardinal Piacenza noted that Francis himself earlier this year called confessional secrecy indispensable, and quoted the pontiff as saying “no human power has jurisdiction” over that secrecy. Piacenza said the tribunal felt it “urgent to recall in the first place the absolute inviolability of the sacramental secrecy, which is based on divine right and admits no exception.”
Reinsurers more discerning at mid-year renewals: Willis Re
Almost all buyers were able to secure the capacity they desired at June 1 and July 1, but differentiation between cedants by reinsurers has increased, particularly based on the accuracy of their previous catastrophe loss estimates. Superior pricing and capacity were available to clients seen as preferred trading partners.
AIR publishes its catastrophe exposure data schema publicly
“Across the insurance industry, as less time is spent converting formats or ensuring consistency among data sets, stakeholders will have more time to focus on improving the quality of their underlying data and making better risk management decisions,” said Bill Pieroni, CEO, ACORD
Ola Electric gets $250 mn from SoftBank
In 2018, Ola announced ‘Mission: Electric’ to bring 1 million electric vehicles on Indian roads by 2021
Mumbai paralaysed after incessant rain; Maharashtra toll rises to 35
Twenty one people were killed and 78 injured in a wall collapse in the northern suburb of Malad in Mumbai early Tuesday following heavy rains
First blockchain-based agricultural insurance policies for smallholder farmers in Sri Lanka
Historically, there were major barriers preventing farmers from utilising insurance, including the lack of affordable and reliable insurance products, a lack of understanding about how insurance would help a farmer survive, and when and how a claim would be paid. This new blockchain technology directly addresses those issues as the insurance products are automated