by AIP Online Bureau | Feb 26, 2019 | Health, Indian News
New Delhi: The Board of Max India, today, approved the sale of its 51 per cent stake in Max Bupa Health Insurance Company (Max Bupa) to the leading Private Equity firm True North for a consideration of Rs. 511 crore . The all cash...
by AIP Online Bureau | Feb 26, 2019 | International News, Technology
London: Sixty-three InsurTech deals with a total value of $1.59 billion were announced world-wide in Q4, 2018, up 24% and 155% respectively over Q4, 2017. The total, including all-stage investments in property/casualty and life...
by AIP Online Bureau | Feb 25, 2019 | Health, International News, Risk Management
There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other billions for the deal’s failure....
by AIP Online Bureau | Feb 25, 2019 | Indian News, Regulation, Risk Management
Mumbai: In a relief to e-wallet companies, the Reserve Bank of India Monday extended by six months the deadline for compliance with Know Your Customer (KYC) norms, for prepaid payment instrument (PPI) issuers. The earlier deadline was February 28. ...
by AIP Online Bureau | Feb 25, 2019 | Banking & Bancassurance, Indian News, Technology
MUMBAI: As technological shifts make more inroads into banking, the nations largest lender SBINSE -0.30 % has decided to replace only 75 percent of its retiring workforce over a five-year period and is benefiting from the prevailing poor jobs scenario by getting the...
