New York [US]/ Singapore, December 18: Neutrinos, a leader in AI-powered intelligent automation for insurers, has been recognized with the AI and Machine Learning Innovation Award at the IIC Vietnam Awards 2025. Held in conjunction with the annual InsurInnovator Connect Vietnam conference, t
Parliament on Wednesday passed the 'Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025', with Finance Minister Nirmala Sitharaman assuring members that opening up the sector will attract new insurers, intermediaries and allied service providers, expanding the overall insuran
Bengaluru (Karnataka) [India], December 17: Healthtech company Clinikk, building India's first integrated health system, has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a composite corporate agent. The milestone allows Clinikk to p
From FY15 onwards, growth resumed as insurers adapted to the new regulatory environment and diversified their product mix and channels. Private sector Annual Premium Equivalent (APE) recovered to Rs 250 billion in FY15 and increased steadily to Rs 286 billion in FY16, Rs 349 billion in FY17
Hyderabad (Telangana) [India], December 8: Reinforcing its commitment to fair and transparent claim settlements, Policybazaar hosted the fourth edition of its flagship event 'Insurance Ka Superhero' in Hyderabad on Friday. The event saw both customers and non-customers echoing the stories of
The health insurance industry continued to post strong growth in November, supported by a pickup in demand for health insurance policies following the GST exemption announced by the government, highlighted a recent report by Nuvama.
Mumbai (Maharashtra) [India], December 5: Edelweiss Life Insurance reported its highest-ever Claim Settlement Ratio of 99.29% in FY25. The claim settlement ratio measures the percentage of death claims paid out versus total claims received, serving as a key indicator of an insurer's reliabil
New Delhi [India], December 5: Tata AIA Life Insurance, a leading life insurer in India, offers Tata AIA Sampoorna Raksha Promise, a comprehensive term insurance plan designed to help families achieve financial security amid rising living costs. This innovative product combines comprehensive
Mumbai (Maharashtra) [India], December 4: Vehicle insurance premiums are expected to rise as insurers face higher reinsurance costs. Reinsurance assists insurance firms in managing major and unforeseen claims by distributing the risk with international partners. As the charges are raised by
Mumbai (Maharashtra) [India], November 29: ICICI Lombard, one of India's leading private general insurer, has concluded the 2025 edition of its flagship business case-study competition, IL IGNITING MINDS - season 3, in collaboration with IIT Bombay (E-cell) - One of India's premier Engineeri
Mumbai (Maharashtra) [India], November 26: With medical inflation rising steadily and healthcare needs changing as one ages, consumers are looking at options outside the standard one-size-fits-all health policies. They are keen on plans that offer long-term value, deeper protection, and the
New York [US] / Singapore, November 26: Neutrinos, a leader in AI-native intelligent automation for insurers and financial services, announced the launch of the Neutrinos Venture Studio at Bengaluru Tech Summit 2025. The studio was introduced in the presence of Shri Abhishek Singh, IAS, Addi