Listing of general insurance companies starts
The government has started the process of the listing of General Insurance Corporation of India and New India Assurance Company by seeking bids from merchant bankers to manage the issue.…
Bank of Baroda said to consider cutting insurance firm stake
Bank of Baroda is considering a sale of some of the minority stakes it holds in its insurance and asset-management ventures, according to people familiar with the matter. The…
LAUNCH OF WWW.BANKINGFINANCE.IN EXCLUSIVE PORTAL ON BANKING AND FINANCIAL INDUSTRY
The economic scenario of our country is changing rapidly keeping in pace with the world economic scenario. Indian economy is standing on the cross roads where a little change in…
Auto unions protest over IRDA’s vehicle premium rates
The decision of Insurance Regulatory and Development Authority of India (IRDA) to affect minimum decrease in the third party insurance premium for their category of vehicles does not seem to…
Premium rates of vehicles increases by 41%
The Insurance Regulatory and Development Authority of India (IRDAI) has increased rates by up to 41 per cent across various categories of vehicles. The quantum of increase varies widely…
LIC Jamshedpur division stands 1st in regular premium growth rate
Life Insurance Corporation of India’s Jamshedpur Division has achieved No.1 rank in the country in regular premium growth rate with robust increase of 22.50 per cent in 2016-17. The division…
LIC to hire retired bankers for managing NPAs
LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure that non-performing assets (NPAs) are kept at the minimum. LIC has set up a cell…
Public Sector Banks to get cyber insurance policies
Public sector banks, which are considered straggler in the digital space, are pulling up their socks in cyber insurance. Many commercial banks are rushing to buy insurance for threats such as hacking,…
Niti Aayog to use upgraded techs for crop insurance
A task force on the use of technology for agriculture insurance, set up by Niti Aayog, has suggested the use of technologies such as dedicated satellites, mobiles and global positioning system…
Automation will bring revolution in insurance
The inaugural edition of InsurTech Integrated, convened by leading financial intelligence platform Middle East Global Advisors, will gravitate around the theme of “Harnessing disruptive technologies to thrive in a digital…