Ageas Insurance International NV, Europe’s leading insurance group, has acquired 40% in Royal Sundaram General Insurance. The agreement was signed between Sundaram Finance and Ageas Insurance International in November 2018,…
The government's plans for the merger of three general insurance companies to create one large entity seem to have hit a roadblock. The Department of Financial Services (DFS), which oversees…
Shriram General Insurance is planning to expand its operations in ‘C’ and ‘D’ tier cities, with plans to open 50 new branches over the next 12 months, a top official…
Allianz Global Corporate and Specialty (AGCS) announced setting up a new India reinsurance branch through which it plans to further expand its presence in the Asia-Pacific region. AGCS India Branch…
Toffee Insurance, has tied up with Eko, a digital lending platform, to distribute its ‘Salary Protect Plan’ (Kamai Bachao Yojana) through the latter’s nearly one lakh touch points. This plan…
The Steel Ministry will soon set up a Safety Directorate that will oversee the safety standards in the steel industry. Steel Minister Birender Singh said the safety directorate would be…
A recent inspection report by IRDAI shows that business commissions worth crores were paid to insurance broker even when premium cheques submitted by them bounced. The inspection report, to which…
Swiss Re is working on using technology to improve claim settlement in crop insurance scheme. “One example of the new technology we have brought into the country is in the…
According to Tajinder Mukherjee, CMD, National Insurance increasing customer expectations has been changing the landscape of general insurance products in India. The change in consumer preferences is likely to drive…
Digit Insurance, has launched a pet insurance product in the Indian market in partnership with Vetina, a US-based company. “Initially, it will be a reimbursement product and over period of…