`JFS will enter the insurance segment to offer simple, yet smart,...
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Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
Nirmala Sitharaman,Union Finance Minister Some of the features of...
Govt unlikely to infuse capital in PSU general insurers in FY24
Vivek Joshi, secretary, Department of Financial Services(DFS),...
GIC Re’s move to hike reinsurance prm challenged in Telengana HC
The writ petition of the Hyderabad based Laurus has taken a stand that the recent circular of the GIC Re, hiking the reinsurance rates, is illegal arbitrary and violative of Articles 14 and 191g of the Constitution of India and also contrary to the existing rules and regulations of the insurance regulator IRDA.
Stall-prevention system got activated on its own, says Boeing crash probe
A preliminary report from Ethiopian authorities is expected within days, though the preliminary conclusions — based on analysis of the aircraft’s black boxes — could still change, the people briefed on the matter told the Wall Street Journal.
IRDA postpones annual revision of Motor TP tariff due on Apr 1
Yegnapriya Bharath, chief general manager(Non-Life), in a notification on Thursday, has said, “Insurers will continue to charge the rates currently being charged for Motor Third Party Liability Insurance Cover from 1st April, 2019 onwards until further orders.’’
IRDAI clears new norms for life products and Indiabulls entry as a non-life insurance player
The much expected second level of approval-known for R2- for Indiabulls has been postponed to the next board meeting that would happen after three months..
NIA chief says certain pvt players distorting motor market, outlines his agenda for the Co
`The issues in motor business that has been impacting the PSU General insurance companies is something to be taken up at appropriate forums .It is strange that a regulation that has been brought in for protecting the policyholder interest is allegedly not being treated sacrosanct by certain players. We do feel a little disadvantaged to certain extent we are hoping that necessary corrections take place at the soonest,’’ he said.
Digit Insurance crosses 2 mn customers in 16 months
During the tenure the company has also closed more than 30,000 claims this March 2019 with 92% claim settlement ratio for private cars own damage, 91 per cent for two-wheelers own damage, 99.5% for domestic travel, 97 per cent for mobile and 93 per cent for international travel during the period April 2018 to February 2019.
China chemical plant explosion death toll climbs to 44; 32 others critical
The explosion occurred on Thursday following a fire in a fertilizer factory in a chemical industrial park in Yancheng, Jiangsu province, according to the government of Xiangshui county
Air India’s renewal prm doubles, pays $ 28 mn to cover its 180 aircraft in 2018-19
The insurance renewal deal for AI’s 180 aircraft, with a sum assured of $ 12 billion, is currently is getting concluded in the London market and would be effective from Apr 1.AI’s insurance renewal also include $ 30 million passenger liability cover.
U.S weighs bids for putting Automated Vehicles on roads
he agency also disclosed that Softbank-backed driverless delivery startup Nuro had also petitioned to deploy a limited number of low-speed, highly automated delivery vehicles intended to be operated without any human occupants. For example Nuro, which partnered with Kroger last year to deliver groceries, seeks approval not to include a windshield in the vehicle.
Munich Re aims to boost Ergo insurance business via acquisitions
Munich Re’s share of payouts related to the crash of a Boeing 737 MAX operated by Ethiopian Airlines would likely be between 100 and 120 million euros.