A working group set up by IRDAI has recently underlined the need for standard insurance products to cover risks associated with various facets of retail engineering. The regulator had set…
According to a recent study by Brand Finance Insurance 100 2021, Life Insurance Corporation has emerged as the third strongest and tenth most valuable insurance brand globally. As the insurance…
Chinese financial watchdogs has recently summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, to order them to strengthen compliance with regulations. The move by the…
Employees' State Insurance Corporation (ESIC) will provide free of cost medical care for its insured persons and their family members in its 47 dedicated COVID-19 hospitals. ESIC, in a recent…
IRDAI has recently directed all the insurers to decide on cashless COVID-19 treatment claims within 60 minutes of the receipt of final bill so that the hospital bed can be…
Thermal power plants are finding it difficult to obtain reinsurance cover in international markets as global giants tighten their environment, social and governance (ESG) policies. This has created capacity constraints…
As the stock market hit new highs, the LIC has earned a record 37,000 crore profit from share sales in 2020-21, the highest in its 65-year history. The current profit…
The COVID-19 pandemic has opened up a wealth of opportunities for insurers and employee benefit providers to deliver mental health packages as prolonged lockdowns and periods of mental strain and…
Lemonade’s digital and value-first approach is well-suited to the post-pandemic world and provides an opportunity for the insurer to capitalize on the motor industry, says GlobalData, a leading data…
The worldwide insurance sector was one of the few to go against the grain and maintain an uptrend during the pandemic. It is expected to maintain robust growth in the…