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Here is a masonry blog layout with no sidebarSCOR delivers a strong performance, net income at EUR 262 million in H1 2018
MoF makes temporary set up for UII CMD, elevates two as directors
SBI Life’s PAT at Rs 310 cr, rises by 13 % in Q1FY 2019
SoftBank plans entry into Insurance & Banking
Climate Change Is Beginning to Shift Planet’s Seasons: Scientists
UK Motor Insurers to mutualize claims for terrorist attacks using vehicles as weapons
Mathur panel to check `exclusions’ in health insurance policies
The committee, headed by S Mathur, executive director, IRDAI, will deliberate issues like, exclusions that are prevalent in the health insurance policies. rationalise the exclusions by minimising the number, so as to enhance the scope of health insurance coverage granted. rationalise the exclusions that disallow coverage with respect to new modalities of treatments and technologically advanced medical treatments.
India Inc becoming more vulnerable to sudden policy changes: Assocham
Insurance Industry must play a key role in India’s growth story:Vice Prez
“The requirement of the youthful population mandates that we have sufficient reforms in the product, design, delivery and services so as to keep at pace with the future.. Simplicity in policy design, suitability in pricing and swiftness in claim payments need to be the guiding mantras for the future,’’ Rajiv Kumar, Secretary, Department of Financial Service, Ministry of Finance said.
Blockchain: Mechanics and Magic
Executives need to have a basic understanding of the mechanics and an appreciation of the magic in order to assess the applicability of blockchains to their insurance business problems. This article will step back from the hype and explain how a blockchain works. It will highlight some surprising capabilities and debunk some confusing myths and inaccuracies.
SC makes 3 yr TP policy mandatory for 4-wheelers, 5 yrs for 2-wheelers
In view of unsatisfactory third-party insurance offered to vehicles, the Supreme Court Committee on Road Safety has asked the Insurance Regulatory and Development Authority of India (IRDAI) to offer a mandatory three-year policy for cars and a five-year policy for motorbikes at the time of sale and registration.
General Insurers to pay Rs16,000 cr as claims under PMFBY in 2017-18
Govt introduces bill to check unregulated deposits, prescribes 10-year jail for perpetrators of ponzi schemes
It prescribes monetary penalty and jail term which could be extended up to 10 years for duping gullible depositors. The monetary penalty could be as high as Rs 50 crore. The government has proposed these stringent provisions in wake of several ponzi schemes where gullible investors, mostly poor people, were defrauded of amounts running into thousands of crores of rupees.
Cyber, Climate Risks & Human Error Threaten Shipping’s Safety Progress,Asian losses buck global trends
HDFC Ergo General Insurance is likely to be listed in next two years
European Union fines Google a record $5 billion over mobile practices
ECGC cuts down its exposure to Gems & Jewellery sector
Geetha Muralidhar,CMD, ECGC said,“Keeping in view the ongoing developments in the sector, when large amount of bank loans have turned into non-performing assets(NPAs) in the sector, we have put our own control system in place. Earlier, we used to provide cover 75 per cent of loans. Now, whenever the export amount the sector crosses Rs 600 crore, our cover comes down to 50 per cent