Page 86 - Insurance News
Coming up: Regional health insurers
Insurance amendment Bill proposes to reduce minimum capital to Rs 50 cr. This could enable smaller firms enter the sector and be regional players
 "Coming up: Regional health insurers")
Irda to look into price undercutting in group health insurance segment
The insurance regulator expressed concerned over low premiums quoted by companies, as well as a high incurred claims-premium ration
 "Irda to look into price undercutting in group health insurance segment")
 "Differential penalty quantum a normal practice: T S Vijayan")
AP asks insurers to speed up claim settlement process for industrial units
The industrial units located in various industrial estates in Visakhapatnam and the neighbouring districts are estimated to have suffered a loss of around Rs 700 cr
 "AP asks insurers to speed up claim settlement process for industrial units")
Insurance sector to get a facelift
Sector set to get FDI boost from changes incorporated in new insurance Bill
 "Insurance sector to get a facelift")
Cyclone Hudhud: Insurance claims to cross Rs 4,000 cr
Given the enormity of losses in natural calamities, the call for setting up of a natural catastrophe pool gets louder
 "Cyclone Hudhud: Insurance claims to cross Rs 4,000 cr")
 "Big firms vie for health insurance pie")
Moody's withdraws LIC's rating, cites own business reasons
The withdrawal, however, does not reflect the creditworthiness or quality of management of the insurer
 "Moody's withdraws LIC's rating, cites own business reasons")
 "Life insurers oppose Sec 45")
Irda looking to allow insurers to deal with equity derivatives
The insurance regulator has already allowed insurers to deal in rupee interest rate derivatives
 "Irda looking to allow insurers to deal with equity derivatives")
More features likely in domestic travel insurance
Additional features could include assistance for emergency evacuation during domestic travel, apart from covers for hand baggage
 "More features likely in domestic travel insurance")
CignaTTK Health Insurance launches global group health cover
Sum insured ranges from Rs 50 lakh to Rs 12 crore
 "CignaTTK Health Insurance launches global group health cover")
Merger and acquisition activity gathers momentum in insurance
Over the past 18 months, there have been at least six instances of stakeholders in insurance ventures expressing their desire to exit
 "Merger and acquisition activity gathers momentum in insurance")
Private insurers shift focus to regular premium products
Insurance executives said that Life Insurance Corporation of India will play a large role in this space going forward
Health, motor top charts in non-life premium collection
Industry players say this is because the demand in other segments is still low
 "Health, motor top charts in non-life premium collection")
FinMin asks public sector insurers to have female employees placed near family
In August, a similar directive was given to public sector banks with respect to their female employees
United India Insurance keen to re-enter overseas markets
The company was present in Hong Kong, but had shut it down in 2002
 "United India Insurance keen to re-enter overseas markets")
Religare to stay in health insurance business
This, after it said it plans to exit its JV with AEGON
Digitisation of life insurance policies may be made mandatory soon
Customer will be able to store any number of policies in one single account in the electronic format and thereby avoid the possibility of loss of policy document
Irda to suggest changes in Insurance Bill
Wants all the latest changes that had happened in the insurance sector in terms of technology usage among other things