Top 15 Insurance firms to adopt IND-AS from April
The insurance sector is set for a game-changing development with the IRDAI asking the top 15 companies, across life and non-life, to adopt the new IND-AS accounting framework from April…
Sapiens and Microsoft: Pioneering Generative AI for the Insurance Sector
Global software solution provider Sapiens International Corporation, and Microsoft, have announced a strategic partnership aimed at harnessing the power of generative artificial intelligence (AI) in the insurance industry. The collaboration’s…
Report on health cover for ‘missing middle’ soon: IRDAI
IRDAI has said it will soon come out with its report on covering the 'missing middle' in the country under health insurance. The regulator has asked the industry to be…
Refuse fuel to uninsured vehicles, suggest insurers
The insurance industry has proposed that uninsured vehicles should not be allowed to refuel at oil pumps, looking to raise penetration of automobile insurance, industry executives familiar with the development…
Insurance moving towards real time coverage
The Indian insurance industry is undergoing a transition led by the digital revolution and innovations in the payments sector in the country, and moving towards more real time coverage aided…
Things To Know Before Choosing A Critical Illness Insurance
When faced with a critical illness, the last thing you want to worry about is money. This is why critical illness insurance can be such a valuable asset. This type…
Budget 2023 Quote Insurance Industry Mr. Rakesh Goyal, Managing Director, Probus Insurance broker
"The insurance business was hoping the finance minister would include a few giveaways in this year's budget. In the days leading up to the presentation of the budget, there was…
Proposed 20% cap on agent commission could boost insurance industry
IRDAI proposal to put a lower cap of 20% on commissions and remunerations paid to agents and intermediaries under both life and non-life products could lead to faster growth of…
Swiss Re GBS India signs MoU with IIRM to enhance capability building programs in India’s insurance industry
Swiss Re signed a memorandum of understanding (MoU) with the Institute of Insurance and Risk Management (IIRM), an organisation dedicated to providing executive education across the financial services sector. The partnership is aimed at catalysing…
Insurance industry in South Korea to reach $229.5bn in 2025, forecasts GlobalData
South Korean insurance industry is projected to grow at a compound annual growth rate (CAGR) of 3.5% from KRW220.5 trillion ($186.8bn) in 2020 to KRW262.5 trillion ($229.5bn) in 2025, in…