by AIP Online Bureau | Jul 24, 2026 | Indian News, Non-Life
“The Motor Third Party line of business continued to be under pressure as there was no premium increase while claims inflation continued. The significant spike in the Motor TP loss ratio had a severe adverse impact on the results. The industry is looking forward...
by AIP Online Bureau | Jul 24, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life
“Singapore serves as our Asia-Pacific headquarters and is central to our global growth strategy,” Baete said in the firm’s release on Friday. Singapore “is a nation that cares deeply about the well-being of its people.” Allianz SE agreed to buy HSBC Holdings Plc’s...
by AIP Online Bureau | Jul 24, 2026 | Workplace/Employee Benefits
Guwahati: Assam Chief Minister Himanta Biswa Sarma on Friday said that nearly 80,000 people stranded in the worst flood-hit parts of Upper Assam are yet to receive relief, as rescue agencies continue efforts to reach marooned villages cut off by unprecedented...
by AIP Online Bureau | Jul 24, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
Pauline Leclerc-Glorieux, CEO, BNP Paribas Cardif said “We are very pleased to announce this new partnership with Bank of Baroda, a major bank in India, a key strategic market with a compelling growth opportunity for BNP Paribas Cardif. This transaction will...
by AIP Online Bureau | Jul 24, 2026 | Indian News, Life
“We have definitely seen the margin bottoming out,” SBI Life MD and CEO Amit Jhingran said in a post-earnings call. “Going forward, with higher focus on individual policies, margin is going to be towards the upper range of our guidance.”...
by AIP Online Bureau | Jul 24, 2026 | Eco/Invest/Demography, Indian News, Technology
The new system, known as Central Know-Your-Customer 2.0 (CKYC), will only require the customer’s consent for these institutions to fetch data stored at a central registry when opening an account or updating their details. Mumbai: Indian banks and insurers will...
by AIP Online Bureau | Jul 24, 2026 | Eco/Invest/Demography, Health, Indian News, Wealth Management/ Philanthropy
The insurer said Rekha Jhunjhunwala’s direct stake declined after 7.82 crore equity shares were transferred to Sitara Partners LLP, a promoter entity in which she is a Designated Partner, following the transmission of shares inherited from the estate of late...
by AIP Online Bureau | Jul 23, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Pricing for general liability varied by region, with India and the United Arab Emirates seeing the largest declines. Mumbai:India, Middle East, and African re/insurance markets have witnessed a decrease in rates across all lines in the second quarter of 2026, said a...
by AIP Online Bureau | Jul 23, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology
From Lto R- G Srinivasan, MD& CEO, Galaxy Health Insurance, SK Kanwar, advisor, Reliance Industries,S. Sivasankar, executive director, New India Assurance(NIA),Girija Subramanian, CMD, NIA at NIA’s 108th Foundation Day celebration on Wednesday in Mumbai...
by AIP Online Bureau | Jul 23, 2026 | Workplace/Employee Benefits
New India Aims for 50:50 Corporate-Retail Portfolio as Insurance Sector Enters New Era Mumbai: New India Assurance (NIA) plans to gradually rebalance its business portfolio by increasing its retail and MSME presence while retaining its leadership in the corporate...
