Insurance companies are most likely to enter into reinsurance treaties for the fiscal 18-19 based on the existing guidelines, as the draft policy on reinsurance released by IRDAI will take…
New India Assurance Company has launched a global mediclaim policy that will offer lifelong cover for global hospitalisation expenses including cancer, neurosurgery, heart surgery, organ transplant, and bone marrow transplant…
HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, today announces the launch of its AI enabled Chatbot ‘DIA’ on Amazon’s cloud-based voice service,…
Videocon Industries Ltd. will sell its entire 51.32 percent stake in its general insurance business to Diamond Dealtrade Ltd. and Enam Securities Pvt Ltd. for an undisclosed amount. Liberty Videocon…
United India Insurance has raised Rs 900 crore through subordinated debt to boost solvency capital, which is below the mandated regulatory capital requirement. The insurer has raised funds at 8.25…
GIC Re's UK-based Lloyd's syndicate - GIC Syndicate 1947 - has received permission to commence operations from April 2018 in accordance with the Lloyd's agreed business plan. GIC Syndicate 1947…
The merger of the three public sector general insurance companies -- National Insurance Company (NIC), United India Insurance and Oriental Insurance Company -- is likely to be completed before the…
GIC Re, has reported net profit of Rs 672 crore for the quarter ended December 2017 against net loss of Rs 400 crore a year earlier, followed by better underwriting…
All sizes of business are at risk of cyber-threats and data breaches. The repercussions of a cyber-attack can include litigation, damage to reputation and in some cases replacement of IT…
Paytm is planning a major thrust in the financial services sector. In coming months, the company is planning to launch services including mutual funds, general insurance, life insurance and a…