Motor cover renewals see over 50% increase
Renewal of vehicle insurance policies has recently seen an increase of more than 50%. In some cases, growth has surged as much as six times. “We are experiencing an average…
Swiss Re, Capsicum Re launche cyber reinsurance solution
Swiss Re and the specialist insurance broker Capsicum Re have recently launched a new holistic cyber reinsurance solution. Decrypt offers a single, flexible, end-to-end solution to insurers’ cyber exposure challenges,…
SBI to sell 4.5% stake in SBI Life Insurance
The State Bank of India (SBI) has recently stated that it will increase up to Rs 3,465 crore by selling up to 4.5 percent stake in its insurance arm SBI…
Ayushman Bharat likely to reduce rate in state level
The low pricing of Arogya Ayushman Bharat Yojana is causing pain on states government in order to reduce rates for similar schemes which is also sponsored by state. Therefore, not…
LIC’s assets grow to Rs 31.11 lakh
The LIC said that its assets have grown to over Rs 31.11 lakh crore with as much as 32 plans under individual business. According to the report at the end…
IRDAI likely to link motor premiums with traffic violation soon
In a bid to investigate and suggest linking of motor premiums with traffic violation, IRDAI has, set up a working group on the request of government. For the purpose of…
Ratings of 3 public insurers downgraded
Global rating agency AM Best, which focuses on insurance sector, has downgraded 3 public sector companies - National Insurance, United India Insurance and Oriental Insurance - reflecting deterioration in their…
Canara HSBC Oriental Bank of Commerce Life Insurance and IndianMoneyInsurance.com tie up to sell Life Insurance
Private life insurance company, Canara HSBC Oriental Bank of Commerce Life Insurance partners with IndianMoneyInsurance.com operated by Suvision Insurance Broker Private Limited to sell life insurance plans. IndianMoneyInsurance digital platform…
Long-term policy buyers: Time to check what you are getting on renewal
We are seeing tectonic plates shifting in the Motor portfolio of GI (General Insurance) industry. Come 1st Sept,2019 there will be several lacs of policies up for renewal. And the…
B’Desh FinMin asks 28 non-listed insurers to get listed
Bangladesh Finance Minister Mustafa Kamal has directed 28 insurance companies, which are non-listed companies, to get enlisted with the stock exchanges by offloading shares by three months. Mustafa also warned…