CASE STUDIES ON MOTOR INSURANCE POLICIES
Preface: With new liberalization policies encouraging FII (Foreign Institutional Investment), Automobile giants all over the world started establishing their base Read more
insurance sector
Bangladesh holds insurance fair in Khulna, Green Delta Insurance wins prize for best stall
Bangladesh has recently held an insurance fair in Khulna, where Green Delta Insurance has won the first prize for the Read more
Change in customer preferences will boost innovation in insurance sector: NIC CMD
According to Tajinder Mukherjee, CMD, National Insurance increasing customer expectations has been changing the landscape of general insurance products in Read more
MFs seek KYC easing, in line with insurance sector
The mutual fund (MF) sector has again indicated that compared to the insurance sector, it is being treated in a step-motherly manner. This time, it is a Budget proposal that has irked officials in the sector. The proposal said a customer could buy an insurance policy if he/she had a bank KYC (know-your-customer). It didn’t include MFs. Read more
IRDA suggests strict norms to prevent insurance sector frauds
To prevent fraudulent activities in the insurance business, sectoral regulator IRDA has asked insurers to follow stringent due diligence process for staff and agents besides identification of vulnerable areas within an organisation. Read more
Insurance News: Finance Ministry, insurance sector mull catastrophe pool
Cyclone Nilam has brought the insurance industry and the finance ministry closer on an agreement to set up an exclusive catastrophe pool to cover the losses that occur in natural disasters. Once implemented, a large percentage of house owners across India will have to start paying a premium towards the insurance cover with the balance being financed by the Central or state governments. Read more
Insurance sector needs $5-6 bn in immediate future: FM
Making a strong case for raising FDI cap in insurance sector, Finance Minister P Chidambaram said the industry requires USD 5-6 Â billion capital in the immediate run.
“Every company already has 26 per cent FDI. So if you raise the cap from 26 per cent to 49 per cent, then there is a headroom for  them to bring in more capital. The estimated capital requirement in insurance sector is about USD 5-6 billion in the immediate  future,” the Minister told reporters. Read more
IRDA News: Chidambaram to unveil new measures to revive insurance sector, draw investors away from gold
The government is poised to unveil a slew of measures aimed at reviving the insurance sector and is leaning hard on regulator IRDA to ease rules that it believes are hobbling the growth of the industry. Read more
What about insurers?
A fortnight ago, the finance minister met the CEOs of Insurance companies and the chairman of Irda, J Hari Narayan, in a bid to understand the problems that have crippled the growth of the insurance sector. Read more
Budget 2012: Increase in Service Tax will affect Insurance Policyholders: KG Krishnamoorthy Rao, MD, Future Generali
Post Budget reaction – KG Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance Co Ltd.