Optima Insurance Brokers Pvt. Ltd.

Insights

Our views on important risk issues and emerging risks.

Industry News

Property reinsurance pricing rises by up to 20%

The property reinsurance pricing on loss free risk and CAT programmes in ASEAN and China varies from +15% to +20%…

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IRDAI stops publishing of ‘minimum rates’ in fire reinsurance treaties

The IRDAI has advised property insurers and reinsurers to stop including the burning costs rate as published by the Insurance…

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Corporate agents can now be associated with up to 27 insurers

December 17, 2022

According to new guidelines issued by IRDAI, corporate agents can now be associated with up to 27 insurers – nine…

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Suez Canal blockage a huge loss event for global reinsurers

March 30, 2021

The blocking of the Suez Canal and the resulting disruption to global shipping is likely to cause a large loss…

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FIFA world cup 2022 insured for US$900m

March 27, 2021

FIFA has procured insurance coverage of $900m for the Qatar 2022 World Cup tournament. It covers the association’s additional costs…

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IRDAI orders insurance companies to be more transparent while processing health claims.

March 23, 2021

The regulator, IRDAI has asked all insurers to be more transparent in their health insurance claim settlement process and apprise…

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Cabinet approves increase in FDI limit in insurance

March 12, 2021

According to a report by Press Trust of India, the Indian Cabinet has approved the increase in the foreign direct…

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To encourage healthy lifestyles, health insurers are allowing up to 100% discount on renewals

March 3, 2021

In order to motivate policyholders to adopt healthy lifestyles, private health insurers are granting discounts on renewed policies upto 80-100%…

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Axis group receives nod to acquire stake in Max Life

February 26, 2021

The IRDAI has given its formal approval for the acquisition of a stake of up to 12% in Max Life…

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IRDA looking to ban credit-linked group health insurance

December 8, 2020

The insurer regulator, IRDAI has proposed a ban on credit-linked group health policies such as critical illness covers that are…

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