India’s insurance regulator favours greater freedom for insurance companies to sell other products, including mutual funds. The financial services space is interconnected, and a one-stop solution may offer better availability…
The government has asked insurance companies to immediately report about their exposures in terms of coverage and claim payments towards the victims of the triple train accident in Odisha on…
Dairy technology provider Stellapps’ fintech arm mooPay, in partnership with IBISA Network, HDFC ERGO and Gramcover, has launched a unique Heat Indexbased insurance plan for farmers. The cover provides financial…
Zurich Insurance Group is in talks to buy up to 51% of Kotak General Insurance, a deal that would mark its first major bet on the fast-growing South Asian insurance…
Government has proposed not to revise the annual motor third party (TP) premium and even suggested a reduction of premium in a couple of segments in FY 2023-24, which will…
Insurance companies such as ICICI Lombard, Tata AIG, Cholamandalam and Oriental Insurance have returned to offer cover under PM Fasal Bima Yojana(PMFBY) this year. All these four insurance companies had…
US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage. Premiums collected from policies written by insurers reached $7.2 billion in…
The solvency positions of India’s three public sector undertaking (PSU) general insurance companies are precarious, having worsened in FY23. This has resulted in private insurers increasing their market share, according…
Several leading Japan insurers and banks have teamed up to announce a memorandum of understanding on joint studies of business initiatives towards the development of sustainable finance, as well as…
Caroline Wagstaff, CEO of the London Market Group, which represents the specialist insurance sector in the City, said that London’s portion of the worldwide insurance market has been “stagnant”, hovering…