Police to make Claims documentation easier
In a move that will benefit accident victims the Kolkata traffic police have decided to upload all accident-related documents for insurance companies to act upon and release the compensation quickly.…
Hero receives Broking License from IRDAI
Hero Broking to diversify offerings; strengthen its footprint in the Distribution Space The Insurance Regulatory and Development Authority has issued a three-year license in the “ Direct – Life &…
Adjustment of claim under Both to Blame Collision Clause
Both to Blame Collision Clause is appearing in the Clause 3 of Institute Cargo Clauses which provides that “This insurance is extended to indemnify the Assured against such proportion of…
The Economic Times launches the first edition of BFSI Innovation Tribe
India’s financial ecosystem is on a roll, and focused technological innovations have given a fillip to this upwards curve. Technology has been disrupting the way businesses function across the globe,…
Raheja QBE Leadership Series – Baroda
The audience was suddenly face to face with Balan, the protagonist, in our guest of honour Dr. V Raghunathan's first fictional work 'Return to Jammu ' - as he narrated…
New business helps drive 19% embedded value (EV) growth for life insurers in Asia
Milliman announces the findings of its study on reported year-end 2017 embedded value (EV) / value of new business (VNB) results for 31 major insurance companies operating in Asia, excluding…
Indian insurers refuse insuring Iranian cargo
General Insurance companies have stopped providing insurance coverage to goods — mainly crude oil — imported from Iran. General Insurers in India including New India Assurance, United India and reinsurer…
Safecrop group to buy Star Health Insurance
Safecrop Holdings Pvt Ltd, a consortium of investors, including WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital, has signed a definitive agreement with the shareholders of Chennai-based Star Health & Allied…
THE CONCEPT OF TOP-UP INSURANCE PRODUCTS IN INSURANCE
Preface: Excess of loss is effectively a ‘top-up’ limit of indemnity that sits in excess of the existing primary limit, and mirrors the cover provided by the primary wording. Business…
IRDAI planning to expand scope of health insurance coverage
IRDAI has set up a working group to be chaired by Suresh Mathur, ED (Health), IRDAI, to examine the exclusions prevalent in health insurance and rationalise them by minimising the…