"The Adani Group can argue about the materiality of the...
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Life insurance drives global premium growth as interest rates remain higher for longer, says Swiss Re
Insurance premium growth forecast in real terms...
RBI cautions public about ‘deepfake’ video of governor being circulated on social media
In a statement Tuesday, RBI said it has come to their notice that...
Insurers need profound transformation and the right talent, reveals EY Insurance Outlook 2020
Insurers agree that talent is the “secret sauce” to maximize returns on investments in technology, digital transformation and new business models. But with the industry struggling to attract the right talent, the report finds that insurers need to either reposition themselves as technology firms or proactively communicate on why the industry matters, what value it brings to society and the overall appeal of an insurance career.
California puts one-year halt on insurers dropping customers in wildfire-prone areas
The moratorium, which ends Dec. 5, 2020, is meant to draw insurers and state legislators to the negotiating table to find a solution to the state’s wildfire insurance dilemma.
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposure
“Even if the parent company goes for liquidation, it will be sold and somebody else will take over. So, DHFL’s share in these insurance companies will be transferred to the new owners,” he said and assured that no policyholders will be affected during the process. However, Khuntia asked insurers to write off their exposures to the housing finance company in the similar manner as they followed in the case of the now bankrupt IL&FS.
Only up to Rs 1 lakh of depositor money insured in banks: RBI subsidiary
Asked whether there is any proposal or move under consideration to raise the limit of Rs 1 lakh insured in the bank in wake of the recent PMC Bank fraud, the DICGC said, “The corporation does not have the requisite information.”
Now, IRDA wants a “catchy name’ for its Rs 1,00,000-Rs5,00,000 standard health policy
Hyderabad: The insurnace regulator IRDAI has hinted that the proposed mandatory standard indemnity health insurace policy would have a sum assured ranging from Rs 1,00,000 to Rs 5,00,000 on individual as well as family floater basis, The objective...
IRDAI consults DHFL administrator to decide the future of group’s 2 insurance subsidiaries
Mumbai: Changing its earlier stand, the insurance regulator Irdai has decided to talk to the administrator of insolvent Dewan Housing Finance Corp Ltd (DHFL) to frame its action plans on the two of its insurance companies, DHFL Pramerica Life and DHFL...
IRDAI suggests no depreciation for the first 3 years in motor claims
For brand new private car upto three years, the sum Insured will represent the current day on-road price of the vehicle insured including Invoice value, Road Tax& Registration charges and value of all accessories fitted thereon by the manufacturer. The value of accessories fitted by the Insured shall be separately mentioned
Sebi plans to rope in agency to implement data analytics project
The analytics/model development would include developing new models, implementing analytics project, establishing linkages between various entities in the market, automated extraction of details from documents filed with Sebi and prediction of market manipulations such as insider trading and front running.
Cabinet approves a single regulator for all financial services in GIFT City
“The unifed body will be headed by a chairman and each of the regulators like Reserve Banof India, Sebi, PFRDA and IRDAI will have one representaives in the single regulatory body,” said Sitharamn after th Cabinet meeting,
Now insurers don’t need a surveyor to settle Cyber,Motor theft,Crop claims:IRDAI
Any claims, in respect of loss or damage to crop, trees, plantations and forests which are covered by the Government sponsored Schemes and ciams under policies of motor vehicle insurance wherein the claim is on account of theft or injury/death to third parties, can be settled without appointing a certified surveyor