``We are keen on taking insurance related initiatives to the masses...
Category:
Non-Life
Latest
EV sales to hit 10 lakh mark in India by end of decade: Tata Motors
When asked about the sales targets for Tata Motors in the EV...
Doctors to be penalised for not prescribing generic drugs, says new NMC regulation
Even though doctors are currently required to prescribe generic...
IRDAI proposes changes in registration norms for insurance marketing firms
IRDAI has also proposed expansion of the basket of products which can be solicited or procured by an IMF to include group insurance products for Micro Small and Medium Enterprises (MSMEs), crop insurance for non-loanee farmers and combi products
Marriott Data Breach highlights `Silent Cyber Risk’ in acquisitions
Hotels are especially vulnerable to security breaches, because many still swipe credit cards at check-in rather than implement chip readers, said Brian Krebs, a cybersecurity expert. Last year, he said, both Hyatt Hotels Corp. and the Trump hotels collection had security breaches and in 2016, he uncovered similar breaches at InterContinental Hotels Group.
Atul Sahai takes charge as CMD of New India Assurance
The ministry of finance has issued the order naming Sahai as the CMD of NIA on Tuesday, 04 December 2018. Sahay had joined New India Insurance in 1984.
G Srinivasan appointed as director of Pune based NIA
Srinivasan had retired from New India Assurance, the largest Indian general insurer, in July end after heading company during 2013-2018 and likely to take over in Jan 2019. NIA is dedicated to Management Development Programmes catering to the insurance industry professionals to enhance the management skills and do main expertise and has now two year Post Graduate Diploma in Management course to fulfill the growing demand of skilled professionals in Insurance and Risk Management.
Modicare:Bajaj Allianz Gen bags J&K and Mizoram,Meghalaya goes to Reliance Gen
Under the scheme, a cover of Rs 5 lakh will be provided which includes secondary and tertiary health care. There is no cap on family size and all members in the family would be covered for all pre-existing diseases, maternity etc. from day one and beneficiaries can opt for the hospital of their choice from the list of empanelled hospitals across India.
California takes over insurance company unable to pay claims after wildfire
Moody’s last week estimated total insured losses at $10-$15 billion from the Camp Fire and the Woolsey fire, which was burning at the same time in the foothills above Malibu in southern California.
Lion Air’s 737 MAX was plane not ‘airworthy’
The safety committee’s findings will heighten concerns there were problems with key systems in one of the world’s newest and most advanced commercial passenger planes.
E&Y outbids BCG & Oliver Wyman to bag merger deal of 3 PSU general insurers
“Yes, E& Y has quoted the lowest charges for undertaking the whole exercise and we as public sector companies have to go by the lowest bidding ,’’ said sources at one of the merging companies
AGCS’s partnership InsurTech Co for liability insurance clients
“By offering access to ChemMeta in combination with our product liability policies, we help clients maximize the overall safety of their products and production processes, striking the right balance between innovation and risk,” explains Hartmut Mai, Chief Underwriting Officer, AGCS
Only 9 per cent of economic losses in Asia insured:AIR
“For the insurance industry, the protection gap can spur innovation in product development. In the public sector, governments are recognizing the importance of moving from reactive to proactive risk management, especially in countries where the risk is well known and a risk transfer system is not well established. Understanding the protection gap can help governments assess the risks to their citizens and critical infrastructure, and develop risk-informed emergency management, hazard mitigation, and public risk financing strategies to enhance global resilience and reduce the ultimate costs.”