Strategic Acquisition to Meet Rising Demand for Risk Consulting in the Indian Market Key Highlights: Lockton received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire…
Steady Premium Growth Amid Profit Decline and Cybersecurity Strengthening Efforts Key Highlights: Star Health and Allied Insurance reported an 11% drop in Profit After Tax (PAT) to ₹111 crore for…
Strong Growth Driven by Sales Increase and Operational Efficiency Key Points: Go Digit General Insurance’s net profit rose by an impressive 223.11% in Q2 2024, reaching ₹89.47 crore. The company's…
Key Highlights: Traffic violations in India now influence car insurance premiums, with repeat offenses and severe violations incurring higher costs. Over-speeding, drunk driving, and other common offenses carry hefty fines…
Key Points: Allianz aims to exit its joint ventures with Bajaj Finserv after 20 years, potentially cashing out multi-billion dollar stakes. The exit options include a buyout by Bajaj or…
Key Points: Jio Financial, led by Mukesh Ambani, and German insurance giant Allianz SE are in early talks to establish life and general insurance joint ventures in India. Allianz may…
Key Points: State Consumer Disputes Redressal Commission of Chandigarh upholds Rs 1.35 crore payout to family of Gaurav Sharma, who died due to Covid-19. Gaurav Sharma had made his premium…
A New Era in Senior Citizen Healthcare: Comprehensive Insurance with No Upper Age Limit Key Points: Narayana Health introduces an affordable health cover of up to Rs 1 crore for…
IRDAI’s Surrender Value Reforms Trigger Industry-Wide Response Key Points: LIC agents express concerns about recent commission reductions and a proposed clawback clause, potentially affecting earnings. New surrender value norms, effective…
Reaching New Heights in Insurance Penetration through Technology Key Points: India’s insurance sector, currently ranked as the tenth-largest globally, has vast growth potential, particularly with a national goal to insure…