IT Editorial October 2024
As the global insurance landscape continues to evolve, 2024 has been a defining year, bringing innovative solutions to address risks, expand financial inclusion, and respond to climate change. The insurance…
As the global insurance landscape continues to evolve, 2024 has been a defining year, bringing innovative solutions to address risks, expand financial inclusion, and respond to climate change. The insurance…
GIC Re successfully completed its maiden IPO which was subscribed to the extent of 1.90 times. This will increase the visibility of the company among the masses. Newindia Assurance has…
IRDAI is examining the possibility of allowing private equity (PE) firms to buy stakes in Insurance Companies. A decision on this is likely to be taken in a month's time.…
The insurance industry is at a critical juncture as the impacts of climate change intensify. The increasing frequency and severity of extreme weather events pose significant challenges for insurers, not…
The IRDAI has recently revised its guidelines regarding commissions on long-term motor insurance. This move aims to streamline the commission structures, ensuring greater transparency and fairness in the distribution of…
GIC Re, an Indian Reinsurer has been ranked 10th position among the Global Reinsurers. GIC Re has a potential of becoming a global player and it is already expanding its…
Merging of the three PSU Insurers National, United and Oriental as decided by the Central Govt. is still under preparatory stage . However, the merger process is not clear as…
The recent Rail accident where 61 people were killed and several other grievously injured near Amritsar was a very sad incident. Though the people are to blame for negligence, the…
LIC has finally got the green signal from all of its Stakeholders to hold S1% shares in IDBI Bank and most of the formalities have also been completed. LICI may…
The Finance Ministry has finally appointed Subhash Chandra Khuntia as the new chairman of IRDAI. Lot of speculation has been going around since the past few months whether the new…