Month: October 2017

ICICI Lombard, HDFC Ergo, New India Assurance and National Insurance are among the insurers planning a tailored insurance cover for insolvency professionals as the new breed of executives stare at…

We refer to the 'Guidelines on Motor Insurance Service Provider' issued by the Authority vide Circular Ref. IRDA/INT/GDL/MISP/202/08/2017 dated 31stAugust, 2017 that come into force with effect from 1st November, 2017.…

GIC Re moved 2 places up in the world reinsurance rankings following the implementation of the government's new crop cover scheme. With premium income growing 87% in FY17, the company…

Insurance Industry is at the cross roads now- it was under the Government control through the Public Sector companies for more than four decades and again it was privatized in…

According to K Sanath Kumar, Chairman and Managing Director, NIC, plans are in action to increase the premium income by 15-16 % during the current fiscal primarily by scaling up…

Current focus on risk management The current focus of risk management process is managing around micro risks such as market risk, insurance risk, operational risk etc. to help optimize risk…

Global Rating Agencies like Standard Poor’s and AM Best boosted the Public sector reinsurer GIC Re, which is in the middle of international road shows to launch its Rs 10,000…

Insurers are set to take a hit of Rs 500-crore from recent Mumbai floods, with most of the claims expected to come from the motor and health segments and shops…

SBI Life Insurance Co. Ltd has fixed a price band of Rs685-700 per share for its initial public offering Where SBI and its JV partner BNP Paribas Cardif S.A. are…

Recently, I went to give a lecture on Insurance at a local school in Muscat. The lecture was, in fact, intended to tell basics about insurance. All went well. Couple…