by AIP Online Bureau | Dec 18, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
Nitin Gadkari, Union Minister of Road Transport and Highways(Morth), will be formally launching the country’s first Surety Bond on Monday Bajaj Allianz General insurance, with major reinsurance back ups from Munich Re and Swiss Re has already got its Surety Bond...
by AIP Online Bureau | Jun 16, 2022 | Indian News, Non-Life, Regulation, Reinsurance
Nitin Gadkari, union minister for Road Transport & Highways `After discussing several challenging issues that are making Surety Bond a complete non-starter, minister has suggested to the IRDA that it should develop some model product having all the basic...
by AIP Online Bureau | Feb 24, 2022 | Banking & Bancassurance, Indian News, Non-Life, Regulation, Reinsurance
TL Almelu, member, Non-Life, Irdai ”A huge market is available for surety bonds in-country and now, the onus is on the insurance fraternity to come out with products quickly. We have already initiated at authority level discussions with the insurance agencies...
by AIP Online Bureau | Feb 9, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
Rrajesh Sharrma, CEO and Principal Officer, Anand Rathi Insurance Brokers Considering the size of the Indian economy, the market demand for surety insurance will be so huge, it can be another game-changer like agricultural insurance after the introduction of Pradhan...
by AIP Online Bureau | Oct 19, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Instead of Insurance industry handling alone, a mechanism is required wherein the banking sector and the insurance sector could collaborate for sharing of customer information since banks have more experience in managing these types of risks, suggested the panel...
