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India tag returned 791 results

  • India: Regulator proposes standardising exclusions in health policies

    India's insurance regulator has issued draft guidelines proposing that health insurers adopt a uniform approach towards exclusions in health insurance products.

    Asia | 20 May 2019
  • LIC Mutual Fund appoints Dinesh Pangtey as new CEO

    Mr Dinesh Pangtey has been appointed as CEO of LIC Mutual Fund. Mr Pangtey started his career as a direct recruit officer with LIC of India in 1984 and has risen through the ranks to this senior position. Prior to taking over as CEO of the company, he was director and CEO at LIC HFL AMC.

    People | 17 May 2019
  • India: Regulator aims to ease KYC process for insurers

    The insurance regulator plans to urge the government to allow the use of Aadhaar, a 12-digit identification number issued to each resident of India, to make the online know-your-customer (KYC) process simple and quick for insurers and policyholders.

    Asia | 17 May 2019
  • InsurTech booms in India

    InsurTech is gaining huge traction and acceptability in India and companies are today scaling up operations and tapping into new customer segments using new age technologies like blockchain, AI and IoT.

    AIRPlus | 16 May 2019
  • India: Insurers press for 100% stake in InsurTech start-ups

    Insurers are lobbying the IRDAI to allow them to hold a 100% stake in InsurTech startups in India, reported The Economic Times.

    Asia | 16 May 2019
  • The insurance gap hasn't shrunk

    Cyclone Fani that devastated parts of India and Bangladesh in early May has again revealed a huge insurance gap in the South Asian region. The cyclone underscores the unpredictability of natural calamities and demonstrates that despite the pinpoint accuracy in tracking and predicting Nat CAT events, infrastructure remains woefully exposed to nature's onslaught.

    AIRPlus | 15 May 2019
  • India: GIC Re to remain as the only locally-owned reinsurer after competitor's license is cancelled

    The Insurance Regulatory and Development Authority of India (IRDAI) has cancelled the registration of ITI Re citing its inability to commence business within the prescribed timeframe.

    Asia | 13 May 2019
  • New Sino-Indo insurance partnership supports ecommerce players

    Indian life insurer Aegon Life has partnered with Chinese InsurTech eBaoTech to build a cloud-based digital platform backed by eBaoCloud InsureMO to support ecommerce partners. eBaoCloud InsureMO is a middle office platform for the insurance industry catering to insurers, brokers, agents, MGA, affinity channels and InsurTech start-ups. Aegeon Life is an online protection specialist.

    Latest News | 10 May 2019
  • India: IRDAI directs speedy settlement of cyclone claims as losses could rise to $500m

    Insurance Regulatory and Development Authority of India (IRDAI) has directed general and standalone health insurance companies to ensure that all claims of the affected insured population in the cyclone Fani ravaged Odisha and neighbouring states are surveyed immediately and the payments disbursed at the earliest.

    Asia | 10 May 2019
  • India: SoftBank leads in $152m funding round for online insurance marketplace

    Policybazaar's parent company ETechAces has procured around $152m in the first tranche of its Series F funding led by Japan's SoftBank Vision Fund, reported DealStreetAsia citing the company's filings with the Registrar of Companies (RoC). The company received $68m from a wholly owned subsidiary of SoftBank Vision Fund SVF India Holdings (Cayman) along with investments from InfoEdge's subsidiary Diphda Internet Services, private equity firm True North and Startup Holding. It has not been revealed how the investment will be used.

    Asia | 08 May 2019


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