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Indian
Govt releases additional Rs 3,063 crore to 6 states hit by floods, landslides, cyclones
Union Home Minister Amit Shah A home ministry statement said among...
OVID-19: Maharashtra, WB and Delhi emerging as states/UTs of concern
The country has reported more than 10,000 daily new COVID-19 cases...
Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI
''Private cryptocurrencies pose immediate risks to customer...
2022: A likely year of firsts for insurance; general insurer privatisation, LIC share sale on cards
There are fears that LIC listing may be pushed beyond March 2022 as...
International
Insurance software firm Majesco acquired by PE outfit Thoma Bravo for $594M
“We are extremely excited to partner with Thoma Bravo,a firm with an established track record of working with companies transitioning to the cloud.This transaction delivers significant cash value to our stockholders.Moreover, the added flexibility we will have as a private company, combined with the benefit of Thoma Bravo’s knowledge and domain expertise, can allow us to more effectively focus on our long-term investment and growth objectives, to the benefit of our employees, customers and partners.We are in alignment with Thoma Bravo on our strategic vision to help global insurers transition to the cloud,” Majesco CEO Adam Elster said
Swiss Re’s digital insurance platform iptiQ gets a new CEO
In his new role at iptiQ, Carlo Bewersdorf will be focused on driving Swiss Re’s ambition to protect more people and their families by making insurance more accessible and engaging. He will seek to further develop a business model based on forging strong partnerships to sell insurance via trusted brands. At the heart of this effort is the drive to dovetail Swiss Re’s expertise with the smart use of data and technology to create no-fuss, scalable digital insurance solutions.
China raises equity investment cap for insurers to 45%
$501M unemployment insurance fraud Case in US
Derek Pickle, acting special agent-in-charge of the Office of the Inspector General at the U.S. Department of Labor, said the nation has seen a dramatic increase in the amount of unemployment insurance fraud around the nation during the coronavirus pandemic, which has caused unprecedented challenges for states trying to process unemployment claims.
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