by AIP Online Bureau | Feb 27, 2019 | Indian News, Non-Life, Regulation, Reinsurance
Mumbai: Despite being made mandatory for the real estate projects, paractically there have been sales of “Title Insurance’, that would protect the promoters of the real estate projects in the country against many risks, because of high pricing and...
by AIP Online Bureau | Feb 26, 2019 | International News, Non-Life, Technology
SCHAUMBURG: Zurich North America1 today announced it has acquired 100 percent ownership of Sea Pine Technologies, a company specializing in innovative digital applications for the marketing of vehicle protection products. Zurich is a top provider of automotive...
by AIP Online Bureau | Feb 26, 2019 | International News, Non-Life, Reinsurance
London: Britain’s Pool Re, which helps insurers pay out claims on property damage caused by terror or militant attacks, said on Tuesday it had placed a £75 million bond in the capital markets to cover insured losses from such attacks. The...
by AIP Online Bureau | Feb 26, 2019 | Eco/Invest/Demography, International News, Policy
London: The Association of British Insurers warned on Monday that if Britain leaves the European Union without a deal it could cause long-lasting damage to the UK insurance industry. A no-deal Brexit could result in British insurers having to hold...
by AIP Online Bureau | Feb 26, 2019 | Health, Indian News
New Delhi: The Board of Max India, today, approved the sale of its 51 per cent stake in Max Bupa Health Insurance Company (Max Bupa) to the leading Private Equity firm True North for a consideration of Rs. 511 crore . The all cash...
by AIP Online Bureau | Feb 26, 2019 | International News, Technology
London: Sixty-three InsurTech deals with a total value of $1.59 billion were announced world-wide in Q4, 2018, up 24% and 155% respectively over Q4, 2017. The total, including all-stage investments in property/casualty and life...
by AIP Online Bureau | Feb 25, 2019 | Health, International News, Risk Management
There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other billions for the deal’s failure....
by AIP Online Bureau | Feb 25, 2019 | Indian News, Regulation, Risk Management
Mumbai: In a relief to e-wallet companies, the Reserve Bank of India Monday extended by six months the deadline for compliance with Know Your Customer (KYC) norms, for prepaid payment instrument (PPI) issuers. The earlier deadline was February 28. ...
by AIP Online Bureau | Feb 25, 2019 | Banking & Bancassurance, Indian News, Technology
MUMBAI: As technological shifts make more inroads into banking, the nations largest lender SBINSE -0.30 % has decided to replace only 75 percent of its retiring workforce over a five-year period and is benefiting from the prevailing poor jobs scenario by getting the...
by AIP Online Bureau | Feb 24, 2019 | Eco/Invest/Demography, Indian News
Mumbai: Two months ago, it was Asia’s hottest stock market. Now, investors are shunning it. India has wiped out $113 billion in value this year after winning the regional equity crown in 2018. Uncertainty surrounding upcoming elections, an ongoing...
