Indian insurers asked to spread wings abroad
July 6th, 2012 - 8:14 pm ICT by IANS
Kolkata, July 6 (IANS) Indian insurers should look overseas and expand their international footprints, the insurance regulator suggested Friday."This is time now when our homegrown insurers should look at overseas ... Read more...
Posted in Business |
It is a status quo budget with routine announcements: Insurance sector (Lead)
March 16th, 2012 - 7:44 pm ICT by IANS
Chennai, March 16 (IANS) The Indian insurance industry is unanimous that the 2012-13 budget presented by Finance Minister Pranab Mukherjee is status quoist and the hike in service tax ... Read more...
Posted in Business |
Indian insurers don’t have database for Solvency II: Regulator
June 23rd, 2011 - 7:07 pm ICT by IANS
Kolkata, June 23 (IANS) The Indian insurance industry does not have the statistical database to adopt Solvency II - new rules likely to change the way insurance companies keep aside ... Read more...
Posted in Business |
Reliance Life gets Nippon on board for $680 million
March 14th, 2011 - 1:22 pm ICT by IANS
Mumbai, March 14 (IANS) In the largest such deal in Indian insurance space, the Reliance Anil Dhirubhai Ambani Group Monday said it has roped in Nippon, the sixth largest in ... Read more...
Posted in Uncategorized |
Insurance regulator to meet, brief life insurers on flaws
January 11th, 2011 - 4:49 pm ICT by IANS
Chennai, Jan 11 (IANS) The Indian insurance regulator is planning to start the new year with a path-breaking initiative of calling promoters of private life insurers and having a frank discussion with ... Read more...
Posted in Business |
Insurance fund for road accident victims facing deficit
December 11th, 2010 - 10:10 pm ICT by IANS
Chennai, Dec 11 (IANS) The system of paying third-party liability claims in road accidents out of a common premium pool is likely to continue in the future while the corpus is running ... Read more...
Posted in Business |
Knee-jerk reactions by insurance regulator pose challenge: Experts
November 22nd, 2010 - 9:20 pm ICT by IANS
Mumbai, Nov 22 (IANS) An insurance regulator who is on a learning curve and life insurance chief executives who do not understand the basic tenets of the business are some of the ... Read more...
Posted in Business |
IRDA move will kill variable insurance segment: Industry
October 23rd, 2010 - 2:41 pm ICT by IANS
By V.Jagannathan
Chennai, Oct 23 (IANS) The category of variable insurance products (including universal life products) will be killed if the draft norms issued by the Indian insurance regulator is implemented in its ... Read more...
Posted in Business |
R-Cap targets Rs.50,000 cr infrastructure lending
September 28th, 2010 - 3:57 pm ICT by IANS
Mumbai, Sep 28 (IANS) Reliance Capital (R-Cap), a part of the $10-billion Anil Dhirubhai Ambani Group, Tuesday said it will offer specialised financial services for infrastructure projects with a target of Rs.50,000 ... Read more...
Posted in Business |
Reliance Capital to list insurance arm, enter banking
September 28th, 2010 - 2:41 pm ICT by IANS
Mumbai, Sep 28 (IANS) The Reliance Anil Dhirubhai Group Tuesday said it was looking closely to list its insurance business on stock markets apart from entering the commercial banking industry in the ... Read more...
Posted in Business |
Amity, Max New York to offer insurance management course
May 27th, 2009 - 6:01 pm ICT by IANS
New Delhi, May 27 (IANS) Amity Global Business School, in collaboration with Max New York Life Insurance, Wednesday announced the launch of a post-graduate diploma in insurance and sales management.
The programme ... Read more...
Posted in Business |
India’s first third party insurance licensee exits business
February 6th, 2009 - 8:57 pm ICT by IANS
Chennai, Feb 6 (IANS) The Hyderabad-based Dawn Services, the first third party administrator (TPA) to be licensed by the Indian insurance watchdog, has decided to exit the business. According to Insurance Regulatory ... Read more...
Posted in Uncategorized |
‘Insurance merger and acquisition rules will protect policyholders’
December 19th, 2008 - 5:52 pm ICT by IANS
Chennai, Dec 19 (IANS) The merger and acquisition (M&A) regulations to be drafted by the Indian insurance regulator will aim at protecting the interests of policyholders, particularly in the life insurance sector, ... Read more...
Posted in Politics |
Indian terror attacks could affect cricket economy
November 28th, 2008 - 9:25 pm ICT by IANS
London/Sydney, Nov 28 (IANS) The terror attacks in India can have serious repercussions on world cricket's economy because India generates 70 percent of the game's revenues.England cut short their seven-match ODI series ... Read more...
Posted in World |
South African firm wants slice of Indian insurance pie
September 16th, 2008 - 3:48 pm ICT by IANS
Johannesburg, Sep 16 (IANS) South African financial services giant Sanlam wants a stake in India's rapidly growing insurance market, Sanlam Investments chief executive officer Johan van der Merwe was quoted as saying ... Read more...
Posted in Business |
Indian insurance consultant in Bahrain commits suicide
August 10th, 2008 - 4:19 pm ICT by IANS
Dubai, Aug 10 (IANS) An Indian worker in Bahrain has committed suicide by jumping from the fourth floor of an office building in the capital Manama. Kakkassery Varghese, 26, died Saturday after ... Read more...
Posted in Uncategorized |
ICICI Prudential Life joins hands with IIM-Calcutta
July 29th, 2008 - 8:08 pm ICT by IANS
Kolkata, July 29 (IANS) ICICI Prudential Life Insurance Tuesday announced it has signed a memorandum of understanding (MoU) with the Indian Institute of Management-Calcutta (IIM-C) to start a new course focussing on ... Read more...
Posted in Business |
PG Diploma in Business Management-Life Insurance
April 9th, 2008 - 10:52 pm ICT by admin
Mumbai, Apr 9 (ANI/Business Wire India): Max New Life Insurance in partnership with Symbiosis Institute of Business Management (SIBM) announced the launch of a Post Graduate Diploma in Business Management with ... Read more...
Posted in Business |