Indian

Non-life insurance cos register 22 pc growth in gross premium at Rs 17,310 cr in Apr

May 10, 2021

The five standalone health insurance providers witnessed more than 43 per cent jump in gross premium at Rs 1,259.23 crore as against Rs 809.20 crore.

Alamelu panel suggests 2 new Title Insurance products

May 10, 2021

The two new products which are suggested by the WG are- Legal Expenses Policy for Land Title Owners and Developers/Promoters and Retail Policy for Allottees, individual customers and financiers who purchase units in RERA projects.

Eli Lilly signs deals to boost supply of COVID-19 treatment in India

May 10, 2021

The three Indian drugmakers – Cipla Ltd , Lupin Ltd and Sun Pharma – will collaborate with U.S.-based Lilly to help make and sell baricitinib in India.The agreements will bolster India’s arsenal of drugs to battle its catastrophic second wave of the pandemic, which has led to an acute shortage of coronavirus medicines including remdesivir and tocilizumab.

Total vehicle registrations in India slips 30 pc to 1,52,71,519 units in 2020-21: FADA

May 10, 2021

”Recovery hence looks to take a longer time when compared to recovery which came after the first wave. The only ray of hope lies on the on time arrival monsoon which is likely to enter India through the southern coast around June 1,” it said.

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International

PwC survey finds cyber insurance underwriting is profitable for Now: PwC

Apr 29, 2018

Companies are most worried about cyber-related business interruption/contingent business interruption because it has a potential systemic impact.

Insurer-Backed research urges reform of fire tests of British building materials

Apr 29, 2018

Only non-combustible materials should be used in construction and the testing regime should be reformed to reflect real world conditions, the Association of British Insurers said in its submission to a government-commissioned independent review of buildings regulations and fire safety.

China on track to become world’s largest insurance market: Allianz study

Apr 27, 2018

With 1.1 trillion euros (1.33 trillion U.S. dollars), representing over 30 percent of global premium income, the United States, currently is the world’s largest insurance market, but it will lose its rank to China next decade, the group’s report showed, predicting “a historic change of guard.”

EU’s Barnier plays down bespoke Brexit deal for British financial sector

Apr 27, 2018

“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.

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