News

Budget 2024 may propose Rs 5,000-cr cash jab for revival of PSU general insurance trio

The government is planning to inject Rs 5,000 crore into three state-run general insurers: Oriental Insurance Co Ltd, National Insurance Co Ltd, an...

AIG sells global personal travel insurance business to Zurich

American International Group (AIG) is selling its global personal travel insurance business to Zurich Insurance Group for $600 million in cash, plu...

94% of health insurance claims approved

 High Approval Rates for Health Insurance Claims

According to a recent report by Policybazaar, insurance companies ...

Australia Consultation exercise begins on cyclone reinsurance pool premium rates

The Australian Reinsurance Pool Corporation (ARPC) is currently reviewing the premium rates for its Cyclone Reinsurance Pool. This review aims to e...

IRDAI cracks down on misleading ad practices

 IRDAI's New Advertising Guidelines for Insurance Companies

India's insurance regulator, the Insurance Regu...

Zepto bags $665 mln at $3.6 bln valuation ahead of IPO next year

Just nine months after becoming a unicorn, quick commerce startup Zepto has secured $665 million from new and existing investors, raising its valua...

Japan:Non-life insurers' overseas business and investment gains offset weak domestic underwriting results

Fitch Ratings, a global credit rating agency, has predicted that Japanese non-life insurance companies will see strong profits from their internati...

Zurich Insurance completes acquisition of 70% Kotak Mahindra General Insurance stake in a ₹5,560-crore deal

Zurich Insurance Acquires Majority Stake in Kotak Mahindra General Insurance

Zurich Insurance Company Ltd has made a sig...

Reinsurance still the top source of capital for insurers

The year 2023 was tough for insurers. Many had to use up their financial safety nets, leading to a strong focus on managing their capital and explo...

Maharashtra to provide Rs 5 lakh insurance coverage for all from July: Check eligibility, hospitals

 Introduction to MJPJAY 2.0: Maharashtra’s Major Health Scheme Upgrade

Starting July 1, Maharashtra will launch the upgraded M...