Bajaj Allianz alone makes profits from underwriting in FY 17
Bajaj Allianz emerges as the most profitable private general insurer along with claiming to be the only non life insurer to report an underwriting profit during FY17 Most insurers say…
$1.5 Billion Hong Kong IPO initiated by China’s largest insurer
The largest online insurer in China, ZhongAn Online P&C Insurance Cohas been taking orders for a Hong Kong Initial Public Offering to raise around $1.5 billion. As per the terms…
Customer’s consent mandatory for Aadhaar based e-KYC
IRDAI mentions in a circular that the use of Aadhar and accessing of personal information of Unique Identity Authority of India (UIDAI) for e-Know Your Customer (e-KYC) purposes can only…
Insuring Over A Billion Lives!
Urgent Need for a Course Correction to Ensure Universal Coverage By Pawan Verma MBA, FIII www.pawankverma.com The two service sector industries, telecom and insurance, that were opened up to competition…
LIC’s stock portfolio outperforms the benchmark index
The stock portfolio of LIC has outperformed the benchmark index in last 3 years as well as in the current calendar year by a wide margin. An index of LIC's…
New Health Plan launched by Bajaj Allianz
A top-up health insurance plan “Extra Care Plus” has been launched by the Bajaj Allianz General Insurance, offering cover for pre-existing diseases and maternity expenses with a waiting period of…
No export opportunity to be lost for want of finance: ECGC
ECGC plans to invest around Rs 3,500 crores to provide a cushion for traders to strike deals and help ECGC write mega risks and provide adequate cover to exporters. The…
Birla Sun Life, Max Life exploring possibility of merger
Analjit Singh controlled Max Financial Services is in talks with Aditya Birla Group to explore possibility of merger of their life insurance businesses. If the merger takes place the new…
Two new general insurers get license to operate in India
Two new general insurers — Acko and Digit Insurance — have received the final approval from IRDAI to do non life insurance business in India. Acko General Insurance is a…
Publishing of Death Claims data / Death Claims paid ratios in “Insurance Advertisements”
It has been observed that insurers are following different methods to arrive at Death Claims paid data (i.e. Death Claims paid ratios), while publishing them in “Insurance Advertisements” [as defined…