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Title :   Life Insurance - Industry achieves strong APE growth during Oct - 17: JM Financial
Publish Date :  Mon, 13 Nov 2017 12:11:40 +0530
Description :  Life Insurance - Industry achieves strong APE  growth during Oct - 17: JM Financial JM Financial has come out with its sector report on Life Insurance dated November 13, 2017. YTD, industry reported healthy 25% YoY APE growth driven by private insurers at 32% YoY.

Title :   1Q2018 life insurance sales anticipated to fall
Publish Date :  Fri, 19 Jan 2018 12:30:28 GMT
Description :  The life insurance industry is expected to see a decline in premiums in the first quarter of this year, following a fall in sales in the first week of the new year.

Title :   Overall solvency risk management assessment score improves
Publish Date :  Fri, 19 Jan 2018 12:30:28 GMT
Description :  The CIRC has released the results of its 2017 solvency risk management assessment (SARMRA) that show that risk management awareness and capabilities among insurance companies have improved slightly.

Title :   3rd, 4th tier cities and clean energy cars key to auto insurance growth
Publish Date :  Fri, 19 Jan 2018 12:30:28 GMT
Description :  Third and fourth-tier cities as well as the market for new energy vehicles are promising growth opportunities for motor insurers, industry players say.

Title :   India: Insurers ordered to provide easy access to MTPL insurance
Publish Date :  Tue, 09 Jan 2018 12:30:36 GMT
Description :  The insurance regulator IRDAI has said that insurance companies must ensure easy availability of mandatory motor third-party liability cover, including online, and under no circumstance should they deny a request for third-party cover.

Title :   India: Insurers cuts 'own damage' motor premiums
Publish Date :  Wed, 10 Jan 2018 12:30:21 GMT
Description :  Domestic general insurers have decided to slash their premiums in the 'own damage' motor insurance segment by 5-20% for existing and new customers who own private and commercial vehicles.

Title :   India: Non-life insurance growth impresses Lloyd's
Publish Date :  Thu, 18 Jan 2018 12:30:30 GMT
Description :  The Indian non-life market has seen 12-15% growth each year since liberalisation in 2000, a phenomenon which Ms Inga Beale, CEO of Lloyd's, described as impressive.

Title :   Australia: Health insurers submit proposals to ensure affordability
Publish Date :  Fri, 19 Jan 2018 12:30:25 GMT
Description :  In order to maintain affordability of private healthcare insurance (PHI) for low and middle income earners and avoid increasing costs in other parts of the health system and economy, the PHI rebate should remain on extras, or ancillary, cover, says Private Healthcare Australia (PHA) which represents health insurers in the country.

Title :   Australia: The Internet is top source of life insurance advice
Publish Date :  Mon, 22 Jan 2018 12:30:37 GMT
Description :  The Internet has become the most popular source of life insurance advice by Australians, with a heavy reliance on family and friends, and advisers still playing a role for many, according to a study by life insurer NobleOak.

Title :   India: Uninsured two-wheelers to cost millions in lost premiums
Publish Date :  Tue, 23 Jan 2018 12:30:20 GMT
Description :  Premiums lost in compulsory motor third party liability (MTPL) business from uninsured two-wheelers is forecast to rise to INR520 billion (US$8.2 billion) in the fiscal year ending 31 March 2025 from INR56.41 million in FY2016, if the uninsured rate of 75% continued in the segment, according to the insurance regulator IRDAI.

Title :   India: Life and non-life markets to soar in next decade
Publish Date :  Sat, 27 Jan 2018 12:30:14 GMT
Description :  Both the life and non-life insurance sectors in India can grow in excess of 15% a year for the next 10 years, according to Mr Santosh Singh, Head of Research at Haitong Securities India.

Title :   Sri Lanka: Court suspends activities of offshore insurance brokers
Publish Date :  Mon, 29 Jan 2018 12:30:18 GMT
Description :  Foreign companies that are not registered as insurance brokers in Sri Lanka have been barred from offering any insurance related services in the country.

Title :   China: Govt working on plan to merge CIRC with banking regulator
Publish Date :  Mon, 29 Jan 2018 12:30:18 GMT
Description :  China is considering a merger of its banking and insurance regulators, as it seeks to better coordinate its attempts to counter financial risks in the world's second largest economy, reported Bloomberg citing people familiar with the matter.

Title :   China: ZhongAn launches big data platform for vehicle sector
Publish Date :  Fri, 02 Feb 2018 12:30:32 GMT
Description :  ZhongAn Online Property and Casualty Insurance, China's first online only insurer, has unveiled its big data platform called Data Cube, as part of its effort to create a big data ecosystem in the industry and serve its vehicle-sector partners by sharing data with other insurers.

Title :   India: Premium hikes may be allowed for govt-backed insurance plans
Publish Date :  Mon, 29 Jan 2018 12:30:18 GMT
Description :  The Union Budget to be presented on 1 February is likely to refine government-backed insurance schemes, namely, a personal accident policy and a term insurance plan. This could include some changes in the product structure and revisions to the pricing.

Title :   Australia: Internet retailer enters life insurance arena
Publish Date :  Tue, 30 Jan 2018 12:30:39 GMT
Description :  Internet retailer Kogan.com has entered into an agreement with Greenstone Financial Services, enabling it to offer insurance policies under a new brand "Kogan Life Insurance".

Title :   Sri Lanka: J B Boda operates as Reinsurance Broker in island country
Publish Date :  Wed, 31 Jan 2018 12:30:20 GMT
Description :  Reinsurance broker J B Boda & Co (S) Pte Ltd has responded to media reports about an interim injunction issued by Colombo District Court Judge Sujeewa Nishanka essentially forbidding any foreign company that is not registered as a company, or as insurance brokers, in Sri Lanka from offering any insurance related services in the country. The ruling would not impede the operations of J B Boda & Co (S) Pte Ltd in Sri Lanka because the company is a reinsurance broker.

Title :   India: Govt seeks to fill all insurance ombudsmen's positions
Publish Date :  Wed, 31 Jan 2018 12:30:20 GMT
Description :  The government is looking to fill posts of insurance ombudsmen, as all 17 such positions in the country have fallen vacant.

Title :   India: Regulations & operations are main risk areas for corporates
Publish Date :  Thu, 01 Feb 2018 12:30:28 GMT
Description :  Regulatory compliance, operational concerns and geopolitical uncertainty are the main risk areas for corporate India, according to research by ICICI Lombard General Insurance.

Title :   India: Finance Minister announces world's largest health insurance programme
Publish Date :  Fri, 02 Feb 2018 12:30:32 GMT
Description :  The world's largest government funded healthcare programme which is expected to benefit 500 million beneficiaries was announced by the Indian Finance Minister Arun Jaitley in his Budget proposal presented yesterday for the 2018-19 fiscal year (FY2019). The National Healthcare Protection Scheme (NHPS) scheme will provide up to INR500,000 (US$7,810) per family per year for secondary and tertiary care hospitalisation, Mr Jaitley said.

Title :   Singapore: Chubb establishes new Agency Management & Underwriting unit
Publish Date :  Fri, 02 Feb 2018 12:30:32 GMT
Description :  The world's largest publicly traded property and casualty insurance company, Chubb, has announced the launch of a new Agency Management and Underwriting unit in Singapore. This dedicated unit will manage the strategic growth of the agency distribution channel as well as its specific underwriting and service needs.

Title :   SAT quashes IRDAI order on transfer of Sahara Life business to ICICI Prudential
Publish Date :  Fri, 12 Jan 2018 9:40:00 +0530
Description :  As per the IRDAI order, ICICI Prudential was directed to take over the life insurance business of the Sahara group.

Title :   Budget 2018 : Make Health Insurance an essential product
Publish Date :  Wed, 31 Jan 2018 14:19:00 +0530
Description :  Insurance is considered as one of the critical social welfare subjects which needs a big boost in the upcoming union budget.

Title :   General Insurance Corp. Re gets Lloyd's entry
Publish Date :  Wed, 20 Dec 2017 11:44:26 GMT
Description :  With the spurt in crop insurance, GIC Reâ??s had seen significant growth from the Indian insurance market.

Title :   You can shift residence, fudge address but you can't avoid income tax notice anymore
Publish Date :  Fri, 22 Dec 2017 08:38:53 GMT
Description :  The taxman will now rope in your bank or insurance co to find you in case the notice is undeliverable at the address given by you to the I-T dept.

Title :   Depositorsâ?? money in PSBs will be protected: Finance minister
Publish Date :  Thu, 21 Dec 2017 19:53:10 GMT
Description :  The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 has a â??bail-inâ?? clause that some people fear reduces the level of protection for depositors.

Title :   Sharekhan to enter insurance products distribution business
Publish Date :  Sat, 23 Dec 2017 15:21:39 GMT
Description :  Sharekhan, a subsidiary of BNP Paribas, is also a leading distributor of mutual funds with assets under management (AUM) exceeding Rs 20,000 crore.

Title :   Family Finance: Krishnan need not buy more life insurance as he has sufficient assets
Publish Date :  Mon, 25 Dec 2017 01:00:00 GMT
Description :  Financial Planner Pankaaj Maalde suggests a plan for Mumbai-based Krishnan who works in the IT industry and lives with his wife and two kids.

Title :   All government insurance covers may be merged with PMSBY & PMJJBY
Publish Date :  Tue, 26 Dec 2017 02:35:41 GMT
Description :  The two schemes together have over 18 crore subscribers and consolidation can raise the economies of scale for these big schemes.

Title :   How to take a loan against life insurance policy
Publish Date :  Mon, 01 Jan 2018 01:00:00 GMT
Description :  These loans are provided by the insurance company itself or any other NBFC or bank, which provides loans against securities.