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Indian
SC issues detailed norms for adjudicating motor accident claim cases
The Court has noted the concern regarding the delay in disposal of...
Outlook 2023: Financials, cement, infra, renewable energy stocks to hog limelight next year
Among the highlights of the year, the number of registered...
Consolidation of public sector banks leads to 4,837 branches being shut down
According to RBI, a total of 2,271 bank branches were closed in...
SBI asks field functionaries to desist from mis-selling of insurance products
The bank asked the field functionaries to ensure that the branches...
International
Covid-19 variant 1st reported in India threatens to rapidly spread in sub-region: UNHCR
“. ,“We are particularly worried about the situation in the Asia and Pacific region, which in the past two months has experienced the largest increase in the number of cases globally.The highly infectious variant of the virus which first emerged in India threatens to rapidly spread in the sub-region, including among refugee populations.Over this period, there have been some 38 million recorded Covid-19 cases and more than half a million deaths, the UNHCR spokesperson said.” United Nations High Commissioner for Refugees (UNHCR) spokesperson Andrej Mahecic said
Chubb report reveals risk and uncertainty faced by digital SMEs
No decision on Baden-Baden Reinsurance Meeting 2021 till June 15
Baden Baden: The organisers of annual Baden-Baden...
German ‘insurtech’ Wefox raises $650 mln at valuation of $3 bln
Wefox founder and CEO Julian Teicke told Reuters the Series C round had drawn strong investor demand because Wefox was growing both rapidly and more profitably than rival online insurers that are losing money.
He put that down to Wefox’s strategy of offering digital tools that enable insurance agents to streamline and automate labor intensive processes. Agents sell nine out of every 10 policies in Europe, leaving direct-to-consumer competitors like Lemonade fighting for a smaller piece of the market.
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