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IRDAI cautions public not to deal with `Surety Seven’ selling Surety Bonds
The company is soliciting Surety Insurance policies including Bid...
How El Nino threatens emerging market economies
India and Egypt are among the economies that are overall most...
General insurers tie-up with Policybazaar for cashless options on motor policies
J K Garg, General Manager,NIA, said, “As market leaders it is our constant endeavor to provide fast and hassle free claim experience to our customers. We as New India are extremely happy to partner with Policybazaar in this endeavor for providing Cashless settlement option to our customers.”
Title Insurance fails to pick up due to high cost
M.S Chockalingam, settlement commissioner, Government of Maharashtra,said,though such a product is already made mandatory in the Act, the state government has to notify the mandatory feature of the product separately.
Pool Re issues £75 million terrorism reinsurance bond
The bond, the first of its kind globally and oversubscribed by capital markets, covers physical damage from chemical, biological, radiological and nuclear and cyber attacks, Pool Re said.
Zurich’s new acquisition accelerates its delivery of innovative solutions
“This acquisition exemplifies our customer-led spirit of innovation that Zurich continues to foster as we apply customer insights to develop new ways to augment our own capabilities with companies ready to deliver innovative products and services that meet our customers’ needs now and in the future,” said Anurag Batta, head of Strategy, Innovation and Business Development for Zurich North America.
Ayushman Bharat CEO says over 12 lakh people availed free treatment under scheme
“For the first time in the history of independent India, health sector has become a political commitment. The government of India has shown its commitment towards strengthening the healthcare eco-system in the country by increasing the investments to 2.5
How pricing insurance for cars of future could bring Insurers, Carmakers together
On Jan. 30, Peate announced the creation of Avinew, with $5 million in seed funding led by Los Angeles’ Crosscut Ventures. Its insurance product will monitor drivers’ use of autonomous features on cars made by companies including Tesla, Nissan, Ford and Cadillac, determining discounts based on how the feature is used. Avinew has agreements with most manufacturers, and is working to tie up the rest, Peate said, allowing it to access driving data once a customer gives it permission.
IRDA asks insurers to launch standard health insurance covers with no add-ons
This standard product should have the basic mandatory covers as specified in the proposed norms which has to be uniform across the market. No additional add-ons or optional covers allowed to be proposed to offer along with the standard product.
SBI Gen ties up with Policybazaar for selling travel insurance policies
The travel plan available on Policybazaar portal is designed to cater to a wide segment of consumers across all age groups, for travel duration up to 180 days.Drawing on the SBIG Insurances experience and robust network globally, the travel plan will offer a dedicated 24*7 helpdesk and toll-free numbers for availing assistance in US and Canada
Portal launched for real-time info on available depth on national waterways
LADIS will ensure that real-time data on least available depths (LADs) is disseminated for ship, barge and cargo owners so that they can undertake transportation on national waterways (NWs) in a more planned way.
Study questions safety claims about Tesla autopilot’s steering feature
The study, released Friday by Quality Control Systems Corp., a data analysis company in Maryland, examined the National Highway Traffic Safety Administration’s 2017 conclusion that there was a 40 percent reduction in the rate of crashes by Tesla vehicles that resulted in the deployment of air bags after they were equipped with Autosteer, a part of the automaker’s suite of automated driver-assist systems it markets as Autopilot.