Andhra Pradesh has decided to rejoin the Pradhan Mantri Fasal Bima Yojana (PMFBY) from the ongoing kharif season, the Union Agriculture Ministry said. The decision to rejoin the scheme was…
New global and country-level estimates suggest that routinely wearing helmets and seat belts, obeying speed limits, and avoiding driving drunk could save between 347,000 and 540,000 lives worldwide every year.…
Insurance companies will soon offer vehicle owners analytics-based insurance that include ‘pay as you drive’ policies and covers where the premium varies according to driving behaviour. Companies have also been…
Universal Sompo General Insurance is preparing for a high-growth second innings following the amalgamation of its original promoter Allahabad Bank with Indian Bank. Part of the new strategy is to…
Kotak General Insurance said it was automating vehicle inspections for its motor insurance policy renewals with Artificial Intelligence (AI)-based technology. The insurance company has partnered Inspektlabs to implement this for…
Individuals can now buy protection against cyber risks, which was largely available only for businesses. SBI General Insurancehas launched the ‘Cyber VaultEdge’ cover that provides financial protection for losses arising…
The government said that New India Assurance GM Madhulika Bhaskar would hold additional charge as chairman and MD of the company for three months. The listed company has been operating…
The selection process of top officials of public sector insurance companies is in limbo in the wake of the Delhi High Court decision to strike down the power of Banks…
The recent increase in the premium rates on third-party motor insurance is unlikely to fully offset the motor insurance segment’s underwriting losses, Crisil Ratings said in a report. The premium…
Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public offering (IPO) at a valuation of $4.5 billion to $5…