Results of PSU Scale 1-5 Exams announced
National Insurance Academy has announced the results for Scale 1-5 exams. NIA has published the results of the exam on the website. You can view the results at the following link (View the results) Read more
Month: January 2012
Costa Concordia the luxury liner was insured for $512 million
Carnival Corp.’s sunken cruise ship, the Costa Concordia, was insured by companies including Assicurazioni Generali SpA (G), RSA Insurance Group Plc (RSA) and XL Group Plc (XL), said three people with knowledge of the policies.
Read moreTwo insurance agents arrested in Patna
The Gandhi Maidan police in Patna on 15th January arrested two insurance agents, Vikas Kumar Singh and Dilip Kumar Singh, from Kankerbagh for allegedly depositing their client’s money in a private bank account. Read more
Tata AIG General’s e-commerce platform is the most recognized and awarded
Tata AIG’s innovative E-Commerce website has been bestowed many awards including the recently announced Celent Model Insurer Award 2012 for CRM under Service and Travel Insurance under marketing. Read more
Swiss Re’s appoints new Group Chief Executive Officer & new CEO Reinsurance Asia
Swiss Re’s Board of Directors appoints Michel M. Liès, currently Chairman Global Partnerships at Swiss Re, as new Group Chief Executive Officer as of 1 February 2012. Michel M. Liès succeeds Stefan Lippe.
Read moreNew Swiss Re report reveals low earthquake insurance penetration globally, even in countries with high seismic risk
According to Swiss Re’s latest expertise publication “Lessons from recent major earthquakesâ€, several big Earthquakes resulted in a devastating number of fatalities and injuries and have caused widespread property damage over the past two years. Read more
IRDA imposes fine of Rs.2 lacs on MetLife India Insurance
IRDA has imposed a fine of Rs. 2 lac on Metlife India Insurance for delay in issue of policy and violation of IRDA Guidelines. Read more
IRDA revises criteria for Agents Training Institutes
IRDA has issued STANDARD INSTRUCTIONS AND GUIDELINES APPLICABLE FOR APPROVAL/RENEWAL OF AGENTS TRAINING INSTITUTES vide Ref: IRDA/AGTS/CIR/GLD/269/12/2011 dated 7th December 2011. Read more
Insurance in India – new Insurance Blog launched by Insurance Times
The Insurance Times Group is please to launch its blog http://www.latestinsurance.blogspot.com The blog will be an interactive platform to discuss various issues on insurance. Read more
Future Generali Life Insurance fined Rs.20 Lakhs by IRDA for violating regulations
IRDA has booked Future Generali Life Insurance for violating regulations and imposed a fine of Rs.20 lakhs. IRDA carried out a surprise inspection at the Hyderabad Branch Office of the captioned Insurer to investigate business by an unlicensed entity – M/s. Insurance For You (Future). Read more