GIC Re's UK-based Lloyd's syndicate - GIC Syndicate 1947 - has received permission to commence operations from April 2018 in accordance with the Lloyd's agreed business plan. GIC Syndicate 1947…
IRDAI has asked all insurers to transfer the deposits of policyholders that have been laying unclaimed for over 10 years to the welfare fund. "All insurers having unclaimed amounts of…
The medical community seems to have endorsed Supreme Court judgment to permit passive euthanasia, and prioritise the patient's will over clinical opinion. Doctors will have to respect a patient's will,…
China is planning for the biggest ministry revamp in years, including the merger of its banking and insurance regulators to reduce risks to its financial system from a rapid build-up…
The pharmacy benefits business, which tries to negotiate down the price of prescription medicines for large employers, has drawn fire from the Trump administration and Congress, who have questioned whether…
According the insurance experts, there is a need to highlight the need for insurance and provide right solutions to spread awareness and increase its penetration. A galaxy of insurance stalwarts…
The merger of the three public sector general insurance companies -- National Insurance Company (NIC), United India Insurance and Oriental Insurance Company -- is likely to be completed before the…
The Chinese government is the new owner of the Waldorf Astoria hotel in New York after seizing control of the politically well-connected Anbang insurance group and prosecuting its chairman for…
Insurance Regulatory and Development Authority of India (IRDAI) has proposed lower rates for most vehicle categories in 2018-19. IRDAI revises premium rates every year after taking into account the number…
GIC Re, has reported net profit of Rs 672 crore for the quarter ended December 2017 against net loss of Rs 400 crore a year earlier, followed by better underwriting…