Maharashtra asks insurance firms to take cognizance of farmers’ claims
The Maharashtra government has asked crop insurance companies to take cognizance of complaints by farmers and warned that the State Read more
firms
IRDAI proposes allowing insurers to invest in unlisted firms
India’s insurance regulator has proposed to the government that insurers be allowed to buy over 10% of unlisted firms without Read more
IRDAI wants life firms to eye 50% premium growth in 5 yrs
In a first-of-its-kind advisory, the IRDAI has proposed premium growth targets over a five-year period for life insurance companies, in Read more
Life insurance firms settled 2.2 lakh Covid death claims: IRDAI data
Life insurance companies have so far received 2,18,084 COVID claims amounting to Rs 16921.70 crores, according to data provided to Read more
Insurance firms step up stock purchases amid market swings
Domestic insurers, led by the Life Insurance Corporation of India (LIC), have stepped up their equity purchases amid relentless selling Read more
New biz premium of life firms sees tepid growth
Life insurers reported muted growth in new business premiums (NBP) in January after a tepid showing in December, owing to Read more
Maharashtra warns of action against crop insurance firms
Crop insurance companies and the Maharashtra government are once again at loggerheads as the State Agriculture Minister Dada Bhuse has Read more
COVID-19 is far from the only risk facing insurers and financial sector firms: Allianz
COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result Read more
China continues crackdown on fintech firms
Chinese financial watchdogs has recently summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, to order Read more
Insurance firms employee union move court against 47.75% medical premium hike
A union of 4 insurance companies was recently challenged a circular issued by the General Insurance Public Sector Association (GIPSA), Read more
