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New India Assurance records 20 pc jump in prm at Rs 16,800 crore in Q3

by AIP Online Bureau | Jan 9, 2018 | Indian News

Mumbai: State -owned New India Assurance, has posted a growth of 20 per cent in domestic premium at Rs 16,800 crore for the nine months ended December 31, 2017, against Rs 14,000 crore in the year-ago period.   The largest general insurance company in the country...

Govt  may set up a unified financial regulator at GIFT IFSC

by AIP Online Bureau | Jan 9, 2018 | International News, Reinsurance

Mumbai: The government of India is actively considering to set up a unified financial regulator for  India's only international financial Services centre (IFSC) at Gift City(Gujarat International Finance Tec City (GIFT City).   “Yes, the government...

Hackers already targeting Pyeongchang Olympics — researchers

by AIP Online Bureau | Jan 9, 2018 | International News, Risk Management

  Hackers have already begun targeting the Pyeongchang Olympic Games with malware-infected emails which may be aimed at stealing passwords or financial information, researchers said Saturday.   The security firm McAfee said in a report that several...

“Customers have started buying/renewing policies online”

by AIP Online Bureau | Jan 8, 2018 | Interviews

How do you see the growth and development in Indian general insurance industry? Why do you think penetration level has remained so low? The industry growing in double digit figures since past two years is closely linked to country’s GDP, as both...

Domestic IT spend to grow 11.6% to Rs 2.33L cr in 2018: Report

by AIP Online Bureau | Jan 6, 2018 | Data, Technology

India's domestic IT spending is estimated to grow at 11.6 per cent to Rs 2,33,273 crore this year, helped by government's push for digital services, a report by Coeus Age Consulting said.  The domestic spending in 2017 grew at a slower pace of 10.3 per...
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