Concept of method of scenario testing dynamic financial analysis of Actuarial Science
A typical scenario testing dynamic financial analysis generally take the following form :
Read moreMonth: March 2013
Regulatory framework in place for online sale of insurance policies
The Insurance Regulatory and Development Authority (IRDA) has informed Online Sale of Insurance Policies is one of the ways of distribution of insurance policies. Read more
India insurance giant to focus on Takaful to boost Mena growth
India’s General Insurance Corp (GIC Re), the 15th largest re-insurer in the world, is planning to convert its Dubai office into a subsidiary as part of strengthening the Middle East and North Africa (Mena) business from which it generated premium worth $385mn.
Read moreBharti AXA Life Insurance launches new health insurance scheme
Bharti AXA has launched Hospi Cash Benefit Rider — a product that provides a fixed amount in case of hospitalisation or surgery. Read more
IRDA, GIC come together to create insurance awareness
In a bid to increase awareness about non-life insurance products, the Insurance Regulatory and Development Authority (IRDA) along with the General Insurance Council (GICL) would be launching a consumer awareness advertising campaign. The pan-India advertisement campaign would be rolled out on television, radio and print in 11 different languages in a month’s time.
Special insurance fund for Iranian oil imports
India will set up a special fund to provide insurance to public and private refineries to overcome obstacles from global re-insurers who are not providing cover to Indian oil companies because of sanctions against Iran. Read more
Nokia and New India Assurance launch a one-of-its kind, affordable and comprehensive handset insurance plan
Nokia India announced a unique partnership with New India Assurance (NIA), a leading global insurance group, wholly owned by the Govt. of India. The partnership will provide Nokia’s consumers the benefits of a highly affordable and comprehensive handset insurance plan to safeguard them against risks of mobile handsetloss and damage. This includes thefts, burglary, malicious acts, riots among others, as well as damage that is beyond the purview of the consumer’s standard warranty. Read more
Insurance Regulatory and Development Authority (Investment) (Fifth Amendment) Regulations, 2013
Insurance Regulatory and Development Authority (Investment) (Fifth Amendment) Regulations, 2013 Download Notification: Click here Read more
In the matter of M/s. Jeevansuraksha Insurance Broking Services Pvt. Ltd
Order of the IRDA Under Section 14(2)(a) of IRDA ACT, 1999 read with Regulation 35(a) of IRDA (Insurance Brokers) Regulations, Read more
Customers in smaller cities to have better access to insurance, courtesy Budget proposals
Customers in smaller cities will have better access to insurance products, thanks to a number of proposals in the Budget 2013-14. Not only will they get insurance policies quicker, but they will also get serviced from multiple players. Read more