IRDAI will soon come out with regulations for life and health insurance companies that use fitness trackers and wearable’s for pricing policies. The issues involved include privacy of individual data…
Swiss Re has estimated that global insured losses from catastrophes in 2017 will hit $136 billion, the third-highest on record for the sector, with the United States being the hardest…
Total premium income at Life Insurance Corporation rose around 12% in the six months ended September to Rs.1.48 trillion. Total net income during the period rose 12.6% to Rs.2.50 trillion.…
Apollo Munich Health Insurance, launched a health insurance plan, Health Wallet, which caters not only to the customers' hospitalisation and OPD expenses, but also ensures affordability of continuing the policy…
The 2017-18 subsidy bill for the states and the Centre due to the Pradhan Mantri Fasal Bima Yojna (PMFBY) is set to increase 10-15 per cent as the scheme enters…
With its string of hurricanes, floods and other weather shocks, 2017 may be the most expensive year on record for disaster losses, insurance experts warned. Hurricane Harvey in Texas alone…
The Reinsurance Expert Committee appointed by IRDAI has proposed that the stipulation of order of preference for reinsurance cessions — or compulsory cession of business to GIC RE — could…