Swiss Re and India’s National Insurance Academy sign MoU to develop insurance industry skills
Swiss Re’s Global Business Solutions unit in India has signed a memorandum of understanding (MoU) with National Insurance Academy (NIA), Read more
Insurance industry
South Asian Insurance regulators need to co-operate
For the industry’s growth and to increase penetration, co-operation among the insurance regulators is crucial, as mentioned by the the Read more
Life Insurance sector triggers 20% growth in Q1
The life insurance industry has sold additional 60% Group Single Premium policies, mopping up Rs.12,861 cr in the quarter as Read more
2013 likely to be a year of transition for insurance industry: Yateesh Srivastava, AEGON Religare Life Insurance
In an interview Yateesh Srivastava, Chief Marketing Officer & Head – Talent, AEGON Religare Life Insurance discusses his outlook for the insurance industry and measures that the government can take to bring the industry back on track. Read more
Budget 2013 Reaction in Insurance Industry
Mr. Nirakar Pradhan, Chief Investment Officer, Future Generali India Life Insurance Co Ltd Read more
Experts warn of sharp rise in health insurance frauds
Nine out of ten frauds in country’s insurance sector occur in the mediclaim policy segment and there is a need to adopt measures to reduce the trust deficit between insured and insurer, experts have said. Read more
Insurance industry assets to touch Rs 30 lakh cr in 5 yrs: IRDA
The size of funds managed by insurers in the country is expected to reach a whopping level of Rs 30,00,000 crore over the next five years, marking a 70 per cent jump from current level, outgoing insurance regulator J Hari Narayan said recently. Read more
Budget 2013: Make insurance industry attractive for both policy & shareholders, says Rajesh Sud, Max Life Insurance
Expressing concern over the numerous problems faced by the life insurance market, Rajesh Sud, CEO and Managing Director, Max Life Insurance has emphasised the need for budget 2013 to make this industry attractive for both policyholders and shareholders. Read more
Keep insurance products simple, avoid mis-selling: Chidambaram
The insurance industry can make rapid strides in India if insurers sell only simple products and avoid mis-selling, Finance Minister, P. Chidambaram said after unveiling a new brand — ‘PNB MetLife’ — in the Capital. Read more
Insurance…. A need or a formality
Introduction:
The insurance industry in India witnessed a paradigm shift during the year 2000- 2001. Since 1973, the non-life insurance industry was dominated by the four nationalised insurance companies. Privatisation of the insurance sector opened the doors of opportunity for the big business houses of India.
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