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According to K Sanath Kumar, Chairman and Managing Director, NIC, plans are in action to increase the premium income by 15-16 % during the current fiscal primarily by scaling up…

Current focus on risk management The current focus of risk management process is managing around micro risks such as market risk, insurance risk, operational risk etc. to help optimize risk…

Global Rating Agencies like Standard Poor’s and AM Best boosted the Public sector reinsurer GIC Re, which is in the middle of international road shows to launch its Rs 10,000…

Insurers are set to take a hit of Rs 500-crore from recent Mumbai floods, with most of the claims expected to come from the motor and health segments and shops…

SBI Life Insurance Co. Ltd has fixed a price band of Rs685-700 per share for its initial public offering Where SBI and its JV partner BNP Paribas Cardif S.A. are…

MN Sarma, Director and General Manager of United India Insurance Co Ltd, has been appointed as the company’s CMD. Before being posted to United India, Sarma was MD & CEO…

A compensation of more than Rs. 24 lakh has been awarded to a motorcyclist who surrendered 75 % disability in his left leg after being hit by a vehicle on…

During monsoon, it is quite a common insurance claim against car engine seizure and at the same time, it is also one of the most disputed because insurers reject out…

An auto policy endorsement for rideshare drivers was launched by PEMCO Insurance Company. The rideshare endorsement enables drivers to use their personal auto policy to fill coverage gaps and enhance…

HDFC Life Insurance Co. Ltd. recently filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to sell a 14.97% stake via IPO. On 17…