According to findings from GlobalData’s 2020–21 UK Insurance Consumer Surveys, 52% of UK consumers in 2021, compared to 37.4% in 2020, stated that their decision to buy income protection insurance…
A new report from Juniper Research has found that blockchain-based insurance will transform claims administration; saving $10 billion in costs globally by 2024, up from $1.1 billion in 2021. Insurance providers will…
Shriram group has announced a consolidation exercise that will create India's largest retail financing NBFC. The Chennai-headquartered group said that the boards of its group companies have cleared a restructuring…
Insurance loan scams are growing, thanks to the compounding effect of cybercrime. More cases have come to light since the D B Marg police in October arrested four persons for…
The insurance penetration has seen a spike in recent times and over 80 per cent of the insurers prefer a physical copy of their insurance document, according to a recent…
Shriram Group has revived plans to restructure its various financial services businesses that includes lending and insurance by collapsing its two listed units into one and reverse merging the holding…
The life insurance industry in Japan is forecasted to recover from 2021 onwards and increase at a compound annual growth rate (CAGR) of 1.8% during 2020-2024. However, it will still…
InsurTech start-up Edelweiss General Insurance (EGI), has launched yet another industry first digital offering, IPOS (Integrated Partner On-boarding Solution). This is a fully automated onboarding solution for all its existing and prospective partners…
Choice group has recently launched a FinTech aggregator platform - ISMOS, offering life, health and general insurance plans, intensifying competition in the field. Suyash Patodia, Executive Director, Choice Insurance Broking, …
As per the regulatory data, the gross direct premium written by non-life insurance companies rose by over 22% in April, 2021 to Rs. 17,309.54 crore. All the 33 insurance companies…