Motor Insurance loss ratio of 230% to be hit in FY19
Due to this, the industry may take an estimated hit of Rs 12,000-15,000 crore. This will go up as the compensation amount increases in January 2019
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Join us in Mumbai for The Actuarial Club’s Event
We have seen every country where Actuarial profession is well understand and known have their own regional communities where people meet & greet among themselves in a timely manner and discuss on the betterment of the profession and how each individual can contribute. We are expecting the same from our working professionals.
Goldman Sachs in talks to acquire stake in Royal Sundaram
Goldman Sachs plans to buy stake in Sundaram Finance’s Royal Sundaram General Insurance through one of its private equity fund
Venture Catalysts invests $1 million in insurance-based management startup Ideal Insurance
One of the biggest incubators in Asia, Venture Catalysts, has invested $1 million in Kolkata based insurance management startup Ideal Insurance brokers in its seed round of investment. The round also saw participation from...
Online health Insurance becoming more popular
Health insurance continues to be mostly a product that is bought offline. But according to a study, younger policyholders (age group of 25-44 years) and those in metros are more likely to buy online....
Now Get General Insurance Assistance from DIA Through Alexa
HDFC ERGO introduces, DIA – an Artificial Intelligence Chatbot service on Amazon Alexa
IRDAI cuts insurance rates for two-wheelers, cars, taxis
The insurance regulator on Thursday cut insurance rates on average from 10%-20% for two-wheelers, cars and taxis. The steepest year-on-year increase in rates was for luxury motorcycles at 110%. The new rates will be effective from April 1,...
Government allocates Rs 10,000 crore for ‘Modicare’ health insurance
‘Modicare’, announced in February, would provide 10 crore families, or about 50 crore poor people, with health cover of 500,000 rupees per year for treatment of serious ailments.
Consumer digital behavior could decide premium for their cars in future
Do you know? People who renew their car insurance at least four days prior to expiry are less likely to file a claim for damages over those who do it at a later stage. Consumer...
High Court pushes for clean health insurance
Health insurers will now have to say clearly what they mean by ‘genetic disorders’, and Irdai will need to re-look the exclusionary clauses in insurance contracts
French insurer AXA agrees to buy XL Group for $15.3bn
Axa agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the US property and casualty market as premiums rise after last year’s natural disasters. The French insurer...
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