by AIP Online Bureau | May 28, 2024 | Indian News, Reinsurance
“Despite having nine catastrophic events, which have added Rs 3,300 crore of losses for GIC Re, we had a profitable year in Fy 24. As a matter of strategy, we have increased our domestic premium by almost 15 per cent in Apr 1 renewals while going slow in...
by AIP Online Bureau | May 28, 2024 | Health, Indian News, Regulation
Rashmi Saluja,executive chairperson, Religare Enterprises Ltd Earlier this month, Burman Family, who are locked in a pitched battle with Religare Enterprises for the acquisition of the financial services firm, made fresh complaints against Saluja about insider trading...
by AIP Online Bureau | May 28, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management
Raghuram Rajan, former governor, Reserve Bank of India “There is a lot of continuity built into Indian policy. Whatever government comes in will take a lot of the good stuff that has been done and continue it.” Raghuram Rajan, a former governor and now a professor of...
by AIP Online Bureau | May 28, 2024 | Eco/Invest/Demography, Indian News, Non-Life
“Conditions favourable for onset of monsoon over Kerala in next 5 days. India’s monsoon core zone comprising most of the rain-fed agriculture areas likely to receive above normal rainfall” IMD New Delhi: India is likely to receive above average...
by AIP Online Bureau | May 28, 2024 | Data, Regulation, Risk Management, Technology
The Department of Telecom (DoT), in collaboration with the Ministry of Home Affairs (MHA), has taken decisive action to protect citizens from potential SMS fraud through the Sanchar Saathi initiative, it said NEW DELHI: In a major crackdown on SMS scammers, the...
by AIP Online Bureau | May 27, 2024 | Briefs, Life, Technology
Policyholders of Tata AIA Life Insurance can now avail an instant loan of up to Rs 1 lakh at an interest rate of 8.80% per annum from their insurance policy without losing any coverage or without any credit check. The loan amount is credited to the consumer’s account...
by AIP Online Bureau | May 27, 2024 | Briefs, Non-Life, Technology
Mygate, a living experience tech company, has entered into a strategic partnership with ACKO. Initially, the partnership will focus on car insurance, offering with Mygate users accessing Acko policies at exclusive prices, timely renewal reminders, and instant...
by AIP Online Bureau | May 27, 2024 | Workplace/Employee Benefits
In all, the global premium pool is set to increase by almost EUR5trn.Most of this growth will be in the life segment (EUR1.887bn) with Asia ( Japan) remaining the growth engine for global life business (+7.3% p.a.). The region should account for half of absolute...
by AIP Online Bureau | May 27, 2024 | Indian News, Life
“During the last year, we have focused on directional changes in our product mix and enhancing margins in the business. We have more than doubled our share of non-par business within our Individual business. Now we intend to focus our strategic interventions to...
by AIP Online Bureau | May 27, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance, Technology
Debasish Panda,chairman, IRDAI At the recently concluded Bima Vitarak Manthan, Debasish Panda, chairman, IRDAI emphasized on creating an insurance ecosystem which is highly sensitive to the needs of the policyholders propelling towards “Zero Friction, Zero Pain-points...
