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Bringing eco-friendly vehicles in India an issue due to lack of policy: Honda
“We (Honda) have declared that two-thirds of our production by 2030 will be non-conventional, either hybrid or plug-in or electric or fuel cell. So in line with that we have all the technologies available,” Honda Cars India Ltd (HCIL) Senior VP and Director Marketing and Sales Rajesh Goel told here.
Reinsurers hike prms & tighten terms in Apr 1 renewals
` The GIC Re consolidated its leading market position in proportional property despite imposing tightened terms and reduced commissions. The foreign branches of global reinsurers remain largely passive or absent in this arena . Risk and event capacity purchased remained broadly stable with some instances of modest retention uplift.’’ Will Re
Corporate frauds: Govt to encourage whistle-blowers to report suspicious activities
Insurers Fear U.S. Economic Slowdown, Inflation: Goldman Sachs
PwC survey finds cyber insurance underwriting is profitable for Now: PwC
Insurer-Backed research urges reform of fire tests of British building materials
How hackers use hotel key cards to break into rooms
Cashback to businesses, price benefit to consumers for digital transactions on anvil
As per the proposal being worked out by the Revenue Department, consumers paying through the digital mode would be offered a discount over the maximum retail price (MRP). The discount would be capped at Rs 100.
Businesses, on the other hand, could get a cashback based on the quantum of turnover through the digital mode.
UP plans 1,000 hospitals; Ernst & Young asked for detailed project report
“As an extension of the central government’s Ayushman Bharat scheme,we are in the process of identifying two community health centres in each district. Their land, about three acres each, will be given on a long-term lease to private company which will construct a 100-bed hospital, along with an operation theatre and diagnostic centre,” he said. The project is likely to begin from November this year.
Building Data Equity in the world of Insurance!
Govt to remain flexible in fixing NHPS premiums
“We want all the participating players including insurers, hospitals and other health care providers to have moderate amount of profit but not brutal profiteering at the cost of state exchequer.I think for this mission to be successful it has to be viable business and the intent is that we should have package rates and costing which is fair for the health sector as a whole and it is fair national exchequer,’’ said Paul
Long list of promoted GMs hints at delay in merger of 3 PSU general insurers
“ Obviously, the number of promotions indicate the merger is not happening in a hurry. The public sector general insurnace industry doesn’t need such large number of GMs after the merger of three insurers. Some of the newly appointed GMs have residual services of three to four years,’’ said sources in the industry
China on track to become world’s largest insurance market: Allianz study
India key market for private equity, venture capital tech activity: Report
EU’s Barnier plays down bespoke Brexit deal for British financial sector
“Why would the equivalence system, which works well for the U.S. industry, not work for the City?,” Michel Barnier told a financial conference in Sofia, the Bulgarian capital.The so-called equivalence system works on the basis of Brussels granting access to the EU for banks, insurers and asset managers from outside the bloc if the bloc deems their home rules to be similar enough.
SCOR’s net income at EUR 166 million, up 18.6 % in Q1 2018
At the April 1, 2018, renewals, SCOR Global P&C grew gross written premiums by 13.5% at constant exchange rates to EUR 505 million, while improving risk adjusted pricing by 2.9% and maintaining stable terms and conditions. Growth was achieved in both Treaty (especially in India and the U.S.) and in Specialty Treaties (including in Agriculture, Credit and Surety and U.S. Cat).