Bottomline driven approach for Kotak General Insurance
Mahesh Balasubramniam, MD and CEO expects Kotak General Insurance to close the year with a turnover of Rs. 180-200 crore and about 60% of the business has come from the…
Third Party Cover turns into a money spinner
According to IRDA’s report, the General Insurance Companies collected Rs 26,523 crore under the third party motor segment in the last financial year while the premium collected under own damage…
Individuals covered from Cyber Crime
First of its kind, cybercrime insurance cover can be bought by individuals, including loss of funds to online fraud, identity theft, cyberstalking and extortion, phishing and malware attack. Customised cyber…
FASTag for 4 wheelers
FASTag, a device enabling automatic deduction of toll charges without motorists having to stop at toll plazas to make the payment, shall be fitted in all 4 wheelers sold in…
National Insurance Company seeks IPO nod from IRDA
National Insurance Co. Ltd has sought permission from IRDA for its maidan IPO for a share sale that may value the company at Rs 25,000 crore. The company has approached…
Allianz partners Shapoorji Pallonji for $500-million real estate fund
German insurer Allianz Group has entered into a partnership with construction giant Shapoorji Pallonji Group to set up a $500-million real estate fund - SPREF II - which will invest…
Prime Minster’s Crop Insurance Initiative Increases Insurance Penetration
The penetration rate in general insurance segment has been stagnant around 0.7-0.8 per cent for several years, and has finally moved up to 1.04 per cent in March 2017, based…
Air India saves Rs.26 crore in insurance premium
Air India has saved close to $4 million (Rs.26 crore) in the insurance premium it has to pay for getting its fleet of over 100 aircraft insured for 2017-18, a…
GIC Re IPO subscribed 1.37 times on last day
The IPO of GIC Re was subscribed 1.37 times on Friday, the last day of the share sale. The portion of shares reserved for institutional investors in the GIC Re…
Insurers may see spike in demand for Directors and Officers Liability Policies
General insurers are likely to see a surge in demand for their Directors' and Officers' Liability (D&O) policies after the Kotak Panel has suggested that such a cover be made…