General Insurance News Sunak: World’s first AI safety institute to be set up in UK December 8, 2023 admin 145 Views 0 Comments artificial intelligence, INSTITUTE, Sunak, World's first AI UK Prime Minister Rishi Sunak made the announcement in a speech in London that the UK will serve as the Read more
General Insurance News Motor Vehicles Act: DFS requests a compliance effort from insurers December 7, 2023 admin 156 Views 0 Comments DFS request, INSURERS, Motor Vehicles Act In order to guarantee adherence to the Motor Vehicles Act, the Department of Financial Services invited private sector general insurance Read more
General Insurance News Businesses scramble for cyber insurance due to digitization and data laws December 7, 2023 admin 156 Views 0 Comments Businesses scramble, cyber insurance, data laws Selling insurance is always challenging, but this isn't the case with products like cyber insurance. Industry sources claim that the Read more
General Insurance News Road accidents up 12% year over year to 4.6 lakh, with 19 fatalities each hour: Report December 7, 2023 admin 152 Views 0 Comments fatalities, Report, road accidents, Traffic Accidents In 2022, there were over 4.6 lakh road accidents in India, accounting for the worrisome 12 percent increase in fatalities Read more
General Insurance News New Policy for Cricket match from ACKO December 7, 2023 admin 135 Views 0 Comments ACKO, Cricket match, new policy, World Cup There are risks associated with watching a cricket match during the World Cup because of the large audiences and intense Read more
General Insurance News Oriental Insurance taking steps to become profitable December 6, 2023 admin 197 Views 0 Comments managing director, non-life insurer, Oriental Insurance With steps taken to control losses, Oriental Insurance Company anticipates turning a profit by the end of the fiscal year. Read more
General Insurance News Non-life insurance might grow at a 14–15% CAGR until FY37. December 6, 2023 admin 144 Views 0 Comments financial services, General Insurance Council, Gross direct premium, non-life insurance Gross direct premium income (GDPI) for the non-life insurance sector is expected to increase by 14% to 15% by FY37. Read more
Life Insurance News Life insurers face VNB margin pressure in Q2 November 22, 2023 admin 260 Views 0 Comments ICICI Prudential Life’s, life insurers, margin accretive, VNB margin The life insurance industry is expected to report a compression in its margin during the second quarter of financial year Read more
Life Insurance News 50-year bond ends life insurers’ wait November 22, 2023 admin 173 Views 0 Comments Central Government, financial year, Life Insurance Corporation of India, Reserve Bank of India The central government has introduced a new dated security of 50-year tenor in its borrowing calendar for the second half Read more
Life Insurance News Insurers may get financial creditor status from govt November 21, 2023 admin 207 Views 0 Comments financial creditor, govt, Insolvency and Bankruptcy Code, INSURERS To make the surety bond business more attractive, the government is looking at making relevant changes in the Insolvency and Read more