Motor Insurance Premium hike will help to clean out losses
According to the general insurers, the steep hike in premium rates of motor third-party insurance proposed by IRDAI in some segments will help ease out losses, according to general…
Cyber security guidelines to be prescribed soon
The Insurance Regulatory and Development Authority of India (IRDAI) has drafted a comprehensive framework for information and cyber security, which is likely to be finalised soon. According to the proposed…
Reliance General Insurance ties up with Catholic Syrian Bank
Reliance General Insurance (RGI), a branch of Reliance Capital, has entered into a bancassurance tie-up with Catholic Syrian Bank recently. According to the MoU, RGI will offer its general…
Non-Life insurance premium increases 33%
The total premium accumulated by the non-life insurance companies in February 2017 increased 33% to Rs. 10,288 crore from Rs. 7,711 crore in February 2016. The public sector insurers…
HDFC ERGO Growth and Expansion
HDFC ERGO General Insurance, a private sector insurer, has reported 83.2 per cent increase in net profit for the financial year ended March 31, 2017, at Rs.2,77.2 crore . Gross…
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.…
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…
New India Assurance looking for merchant bankers to manage IPO
New India Assurance Company is looking for merchant bankers to manage its disinvestment through an initial public offering (IPO). Within a week of PSU reinsurer General Insurance Corporation (GIC Re) floating an RFP for merchant bankers, the…
Former ship captain gets Rs 1 crore compensation
Motor Accident Claims Tribunal has directed an insurance firm and a tempo owner to jointly pay a compensation of Rs 1.03 crore to the family of a former ship captain…
Claims from ATM management companies increasing
Insurance companies are seeing a spike in claims from cash management companies that deploy and maintain ATMs. The nature of the claims is not just robbing of ATMs, but also…