PSU Insurers still headless, business getting effected
PSU general insurance companies have still not got CMD inspite of post being lying vacant since long. Resultantly the market share of companies are also declining. According to the latest…
A winning formula: Customer-centric business strategy
Business strategy. It can drive phenomenal success or lead to epic failure. And there’s plenty out there to learn about it. A quick Google search generates more than 1.4 trillion…
Along with Wedding Bells come Tolling Debts – Wedding Liability Insurance a Better Solution?
Overview The big fat Indian Wedding today, is not just inviting your entire galli-muhalla(neighbourhood), but has spread into a full out lesson in effective crisis management if you manage to…
Lloyd’s to Insure Custody Platform for Digital Currency
Lloyd’s of London will insure a crypto custody platform by U.S.-based custodial firm Kingdom Trust, according to a press release. Founded in 1686, Lloyd’s of London is a British insurance…
Data Submission for onsite inspections conducted by Authority under Section 14 (2) (h) of IRDA Act, 1999
IRDAI conducts onsite inspection of insurers, intermediaries, insurance intermediaries and other organizations connected with insurance business under the provisions of Section 14 (2) (h) of IRDA Act, 1999 by normally…
D&O liability insurance in demand from Banks
With increasing scams, NPA’s in Banking sector there has been a significant rise in the demand for Directors & Officers (D&O) liability cover. Bank officials said that legal expenses incurred…
WEB AGGREGATORS IN INDIA: PAST IMPERFECT, PRESENT TENSE, FUTURE UNCERTAIN
Web Aggregators compile and provide information about insurance policies of various companies on a website. Insurance aggregators provide a platform to compare various insurance policies in the same category, typically aiming…
SBI General insurance net up by 126%
SBI General Insurance has recorded a 126 per cent jump in its net profit at Rs. 113 crore for the first quarter of the fiscal. Its net profit stood at…
Indian Insurance Industry expected to grow to $280 billion by FY20: ASSOCHAM-APAS study
The Associated Chambers of Commerce and Industry of India, citing a joint study conducted with research firm APAS said that, The Indian Insurance Industry is expected to grow to $280…
Munich Re generates profit of €728m in second quarter
Munich Re has generated profit of €728m in second quarter. Announcing the quarterly result Joachim Wenning, Chairman of the Board of Management said “With a half-year profit of €1.6bn, we…