Search For "insurance sector"
Life insurers sector reports 13.16% growth in new premiums for October; ne
Updated : 1 year, 4 months ago IST
The Indian life insurance sector recorded a robust year-on-year (YoY) growth in new business premiums (NBPs) for October 2024, with premiums increasing by 13.16 per cent compared to the same period last year, Life Insurance Council observed in its October 2024 business report.
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Data-driven Sales Performance: How Leading BFSI Firms Are Leveraging Incen
Updated : 1 year, 4 months ago IST
New Delhi [India], October 19: The Indian BFSI (Banking, Financial Services, and Insurance) sector is one of the most dynamic and competitive industries. In a landscape where maintaining efficient sales performance is critical, leading firms are turning to technology to gain a competitive ed
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Despite continued growth, high surrender value rule will negatively impact
Updated : 1 year, 5 months ago IST
The IRDAI is set to implement new rules from October 2024, mandating higher surrender pay-outs for policyholders who exit their policies early. This change is expected to negatively impact insurers' margins in the second half of FY25, as per the report.
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Private insurers growing much faster than LIC in life insurance segment: N
Updated : 1 year, 6 months ago IST
The private life insurance sector is giving a tough fight to state insurer Life Insurance Corporation of India (LIC), according to a report by Nuvama Wealth Management.
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A Marwari Catalysts Startup, InsurancePadosi Secures 4.19 Cr Funding to Ca
Updated : 1 year, 6 months ago IST
Jodhpur (Rajasthan) [India], August 29: InsurancePadosi, an emerging leader in India's insurtech space, has successfully raised 4.19 Crore in a pre-seed funding round, led by Marwari Catalysts as first institutional investor, the round also saw contributions from Antler (Global Venture Capit
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Rising claims pose challenge for health insurance sector in India: Jefferi
Updated : 1 year, 6 months ago IST
The health insurance sector may face challenges in the coming months due to rising claims and increased competition, particularly in the retail sector, highlighted a report by
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UAE: IHC announces formation of Rorix Holdings finance and trade facilitat
Updated : 1 year, 7 months ago IST
International Holding Company (ADX), the global diversified Abu Dhabi-based conglomerate, has formed Rorix Holdings, a groundbreaking global finance and trade facilitation company focused on financial services, trade finance, advisory, commodities and trade insurance sectors.
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Applied Systems Collaborates with Sonata Software for Platform Engineering
Updated : 1 year, 7 months ago IST
Bangalore (Karnataka) [India], July 29: Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leading Modernization Engineering company, has announced that Applied Systems (Applied), a premier cloud-based software provider in the insurance sector, has selected Sonata Software to support its str
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Vymo's flagship event - Nudge - inspires the future of financial transform
Updated : 1 year, 8 months ago IST
Bangalore (Karnataka) [India], July 10: Vymo recently concluded its much-anticipated event, Nudge, at the prestigious Taj Lands End in Mumbai, gathering over 300 industry leaders, experts, and visionaries from the banking and insurance sectors in India. Themed 'Change is here,' Nudge highlig
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Lawyered Showcases Innovative Legal Solutions at FADA Finance & Insura
Updated : 1 year, 8 months ago IST
New Delhi [India], June 24: Lawyered, India's leading legal tech startup, recently participated in the 3rd edition of the FADA Finance & Insurance Summit 2024 on June 14, held in Mumbai. The event was organized by the Federation of Automobile Dealers Associations (FADA) where most of the
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IRDAI introduces "Customer Information Sheet" to simplify policy details f
Updated : 1 year, 9 months ago IST
The regulator in a release called Reforms in General Insurance Business, said these measures will be helpful to simplify the insurance sector, effectively enhancing the customer-centric insurance solutions. The reforms will help insurers in their operations, it further added.
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Federal Bank partners with Tata AIA Life Insurance for bancassurance
Updated : 1 year, 9 months ago IST
Private lender Federal Bank has tied up with Tata AIA Life Insurance Co to provide its customers access to the insurance companies' products.
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