Natural disasters cost insurance industry $76bn
Natural disasters like wildfires which devastated parts of the United States and a record number of hurricanes in the Atlantic caused $76 billion in insured losses during 2020, Swiss Re…
Underwriting losses of Insurance Industry rise to Rs 22,859 crore
The total underwriting losses of the insurance industry have surged by 4.4 per cent to Rs 22,859 crore in 2019-20, compared to the previous financial year, according to statistics…
TCS and B3i partner to launch solutions for insurance industry
Tata Consultancy Services has partnered with B3i Services AG, a global industry-led blockchain initiative, to design, develop and launch ecosystem innovations based on distributed ledger technology (DLT) for the insurance…
Anamika Roy appointed as MD &CEO of IFFCO Tokio General Insurance Company
Ms. Anamika Roy Rashtrawar has been appointed as the MD and CEO of IFFCO Tokio General Insurance Company. Ms. Roy an executive leader with 33 years of rich experience in…
Lok Adalat in Odisha awards Rs 4.72 crore compensation in insurance cases
National Lok Adalat held in Orissa High Court has awarded Rs 4.72 crore compensation in insurance cases. Organized under the aegis of Orissa High Court Legal Services Committee along with…
Insurance Court must record reasons for waiving condition of pre-deposit under Sec 75(2)(B) ESI Act: Kerala HC
The Kerala High Court has set aside an order passed by an Insurance Court on the ground that the procedure adopted by the court is violative of Section 75(2B) of…
Celebrating 75 Years of the Indian Actuarial Profession
Institute of Actuaries of India (IAI) celebrated the platinum jubilee of the Indian Actuarial Profession. The celebration was attended by the veteran actuaries, chief actuaries, chief executives, chief financial officers…
“India needs atleast 1000 qualified actuaries in the near future”, IRDAI Chairman
Addressing the inaugural session of the 21st Global Conference of Actuaries (GCA), Chief Guest Dr. Subhash Chandra Khuntia, Chairman Insurance Regulatory and Development Authority (IRDAI) of India, highlighted the critical…
Institute of Actuaries of India organised the 21st Global Conference of Actuaries in Mumbai
Institute of Actuaries of India (IAI) is a statutory body established under The Actuaries of Act 2006 (35 of 2006) for regulation and development of the profession of Actuaries in…
Budget 2020: Reaction of the insurance industry
"The budget attempts a balancing act of promoting long term growth while maintaining fiscal prudence given the constraints. It pursues long-term measures towards infrastructure development, higher education, technology adoption, etc.…