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Indian
India’s $1 trillion sovereign bond market sees rising clout of insurers
“Insurance companies have been one of the key investors in...
IRDAI removes caps on commissions paid to intermediaries within Expense of Management(EOM)
The government last Sunday has notified the new regulations, as...
Sun Pharma’s income hit by ransomware
While the drugmaker is unable to determine other impacts of the...
Medi Assist acquires Raksha TPA, to add approximately 3,000 corporates clients
``This acquisition aligns with Medi Assist's overall growth...
International
Asian nations impose stricter COVID-19 restrictions due to Delta outbreaks
The U.S. Centers for Disease Control and Prevention (CDC) has described Delta to be as contagious as chickenpox and could cause severe illness, the New York Times reported, citing an internal CDC document. read more
Detected in some 96 countries, the Delta variant, first identified in India, has become a concern globally, prompting even countries with advanced vaccination programmes such as the United States, Israel and Singapore to re-impose some restrictions.
Lloyd’s of London plans electric vehicle, hydrogen insurance in climate change fight
Howden acquires Italian independent broker
Record global InsurTech funding balloons to $4.8 billion in Q2, H1 2021 investment exceeds full-year flow in 2020:Willis Towers Watson
InsurTechs focused on distribution accounted for 55% of start-up deals, and for 10 of the 15 mega-rounds. Most of the distribution InsurTechs target reduced dependence on agent channels.
Of all Q2 deals, 73% were for P&C-related InsurTechs, while 43 companies raised funds for L&H technology. Funds were raised by companies from 35 countries, including new entrants Botswana, Mali, Romania, Saudi Arabia, and Turkey.
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