IRDA CIRCULAR: Reference is invited to circulars ref. IRDA/CAD/GDL/AGN/016/02/2011 dated 11th February, 2011& IRDA/CAD/GDL/AGN/016/02/2011 dated 14th February, 2011 prescribing guidelines relating to individual agents in respect of life insurance and…
Royal Sundaram Alliance Insurance Company Ltd (www.royalsundaram.in ), the first private sector general insurance company to be licensed in India, announced expansion in its distribution network by opening three new…
Zurich, 28 March 2011 — According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were USD 218 billion in 2010, more than triple…
Since the global financial crisis in 2008, capital injections into Indian life insurance companies have fallen off significantly. The level of capital injections dipped from Rs.8,170 crores in FY2008-09, to…
Royal Sundaram Alliance Insurance Company Ltd (www.royalsundaram.in ), the first private sector general insurance company to be licensed in India, today announced the infusion of Rs. 65 Crore of additional…
Taking a cue from the success of it’s 48-hour fund claim campaign for Unit Linked Insurance Policies, Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises…
Last week the United Nations Security Council passed a resolution on enforcing a no-fly zone over Libyan airspace and its intention to prevent attacks on the civilian population by the…
Disasters disrupt progress and destroy the hard-earned fruits of painstaking developmental efforts, often pushing nations, in quest for progress, back by several decades. Thus, efficient management of disasters, rather than…
We are listing here the costliest insured losses due to earthquake in Japan and the whole world.Â
Swiss Re estimates claims costs of USD 1.2 billion, net of retrocession and before tax. Estimates subject to high degree of uncertainty due to complexity of loss assessment.