Life

Aviva to retain China, Singapore businesses after conducting Asian review

International News       Nov 18, 2019

  London: Aviva Plc, the U.K. insurer that’s overhauling some businesses as part of its chief executive officer’s turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest market, Singapore.   The firm will continue to explore options for some other...

PSUs must be subjected to governance norms on par with pvt firms: CII

Indian News       Nov 17, 2019

  New Delhi: State-owned firms should be subjected to governance standards on par with private players to ensure a level-playing field as "excessive scrutiny" by the CVC, CAG and the threat of a CBI probe often leads to stalled or over-cautious decision-making in PSUs, according to...

Led by India and China,emerging Asia will power global growth:Swiss Re

Articles       Nov 13, 2019

  Insurance markets continue to support resilience, with global premiums forecast to increase by 3 per cent  annually in real terms in 2020 and 2021, despite a slowing world economy.   In its latest sigma, "Sustaining resilience amid slowing growth: global economic and insurance market outlook 2020/21,"...

Life insurance sector catching up in terms of innovation

International News       Nov 08, 2019

  Hartford:  Both internal and external pressures are weighing on the life insurance sector to drive innovation and technology adoption. Recent flat sales, a need to generate returns on capital and external pressures such as regulations, customer behaviors, and market dynamics, have forced life insurers to...

Govt not planning to help banks rescue DHFL: Report

Indian News       Nov 07, 2019

  New Delhi: The government has no plans to participate in the rescue of Dewan Housing Finance Corporation Ltd, according to two sources involved in talks between bankers and officials over how to restructure the shadow bank's near ₹1 trillion ($14.08 billion) debt.   A consortium -...

Govt appoints Raj Kumar and Gupta as MDs of LIC

Indian News       Oct 31, 2019

  New Delhi: The government on Thursday has cleared the appointments of Raj Kumar, executive director, Life Insurance Corporation and  Mukesh G Gupta, ED, LIC as the managing directors of the corporation.   The appointment  committee of the Cabinet (ACC) has approved the proposal of  Department of...

IRDAI to get two full-time members soon

Indian News       Oct 29, 2019

  Hyderabad:  The government has issued advertisements inviting applications from the prospective public and private sector candidates for the two posts of members, Distribution and Actuary , in the Hyderabad based insurance regulator IRDAI. Sujay Banarji, member ( distribution), will be completing his two- year term ...

$4.36 bn deployed in InsurTech cos across 239 transactions in first 3 qtrs

International News       Oct 24, 2019

  Singapore: Total new worldwide funding commitments to the InsurTech sector in 2019 have already surpassed the 2018 full-year total, and during the third quarter exceeded $1.2 billion for the fifth consecutive quarter-year period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, a...

Number of crorepati taxpayers up 20% to 97,689 in AY 2018-19: CBDT data

Indian News       Oct 11, 2019

New Delhi; The number of crorepati taxpayers shot up 20 per cent to 97,689 during assessment year (AY) 2018-19, as per tax returns data released by the revenue department. The number such individuals having taxable income of over Rs 1 crore stood at 81,344 during...

Life insurers to launch a Rs100 cr ‘Sabse Pehle Life Insurance’ awareness campaign

Indian News       Oct 10, 2019

  Mumbai: Life Insurance Council, the official representative body of all life insurers,  plans to launch Indian life insurance industry’s first joint mass media campaign with the slogan ‘Sabse Pehle Life Insurance’.   The total cost of the awareness campaign would be around Rs 100 crore, said...

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