Welcome to My Blog

Here is a masonry blog layout with no sidebar

IRDAI unveils pricing & procedures for long term motor policy

Insurers may price the Own Damage component of the long term package covers suitably, in line with their current approach for pricing. Given the immediate need to offer long term package covers, insurers may start issuing such policies effective 1st September, 2018 even while ensuring filing such products under the File and Use Guidelines before 15th September, 2018, said P J Joseph, member, IRDAI

International risk management body PREMIA launches India chapter

“A gap in accounting skills do exist after the adoption of Core Banking Solutions by the Indian banks. This skill gap may lead to a fraud in a bank by a particular employee who understands the system better than others. There are few recent instances of big frauds happening due to this ethics deficit and the knowledge of few ethical staff members bringing these frauds into light, Rabi N Mishra, Principal General Manager, Reserve Bank of India  

Unlocking a Trillion-Dollar Opportunity

Banks and NBFCs will need to move towards high volume, low value transactions to cater to massive new demand and stay relevant in the market. They will need to enable data-driven decisions,which cannot be orchestrated on physical mediums due to massive cost & time incurred.

Reinsurance premium may go up for flood risk cover

“Incidents of floods in India seems to be regular in recent years. The reinsurers may ask the primary insurers to manage the risk with their premium rates. If the primary insurers want a catastrophic insurance cover, then the reinsurers may levy higher deductible to cut down on his own losses in case of flood losses,”

Raheja Universal adopts title insurance policy from HDFC Ergo

“The policies will provide security to property developers and new age buyers against defects in title of the property. This regulation will bring a lot of confidence among buyers, bankers and financiers. The rising policy assurance in the market will also improve home financing options, while ensuring timely delivery of projects,”