Given the low penetration of insurance products in the fisheries sector, the FAO World Review of Capture Fisheries and Aquaculture 2022 has suggested involvement of public and private insurance service…
Insurance premiums on two-wheeler electric vehicles (EVs) may rise as insurers reassess risk based on recent fires and malfunctions. While deaths and injuries due to accidents will be covered under…
IRDAI has rationalised the compliance norms for branches of foreign reinsurance companies, including Lloyds, operating in India. The regulator has also exempted non-life insurers and foreign reinsurers from disclosing underwriting…
In order to increase insurance penetration and provide a wider choice to policyholders, IRDAI has allowed insurance companies to design new and customised products for dwellings, micro and small enterprises…
At a time when the lives and property of thousands of fisherfolk families are jeopardised by sea level rise and climate-induced weather uncertainties, fishery experts have suggested climate risk insurance…
PSU general insurers will hire an external consultant to advise them on organisational restructuring and performance management. This comes as the government is moving ahead with its plans to privatise…
Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt, which may save the company…
The government may infuse Rs 3,000-5,000 crore additional capital in the three public sector general insurance companies based on their performance and requirement during the year, sources said. The capital…
Success with the initial public offering (IPO) of Life Insurance Corp. of India (LIC) may prompt the government to privatize one of its general insurance companies this year according to…
Agri-tech start-up FAARMS, in association with Reliance General Insurance Company Ltd. (RGICL), has introduced customized digital insurance solutions for the rural population especially the farmers. The partnership is aimed at…