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Industry News

A common platform being planned by Indian health Insurers to curb fraud

The General Insurance Council of India is planning to partner with hospitals for facilitating cashless claims settlement for non-life insurance…

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India’s first global insurance summit for investments being planned

Later this year, India is planning to host its first state-sponsored global insurance summit. The summit intends to turn the…

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Government owned General Insurers thinking to re-deploy 20,000 employees in marketing

India’s four public-sector general insurers are reviewing a proposal recommended by the global professional services firm EY, to deploy their…

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Indian Public sector General Insurers’ combined market share slips

Four public sector general insurance companies of India have lost their combined market share by 1.75% year-on-year basis, capturing 32.27%…

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IRDAI provides Insurers flexibility for expenses management with new payment rules on commission

The Indian insurance regulator has allowed Insurers an overall limit on expenses of management (EOM) by removing the individual cap…

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Premium rates for fire insurance now linked with claims record by Insurers

Non-life insurance companies in India are linking the premium rates for fire insurance policies to the claims record, doubling the…

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India: Public Liability Insurance is the way to be

Public liability insurance provides cover for any personal injury or damage to the third party which can be attributed to…

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Turkey-Syria earthquake – Insurable losses exceed $ 4 bn

A high-intensity earthquake measuring 7.8 on the Richter scale devastated parts of Turkey and Syria on 6th February 2023. More…

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IRDAI reinstructs insurers to provide health cover to vulnerable persons

India’s Insurance regulator has instructed all general and health insurers to offer specialized cover for persons with disabilities (PWD), HIV/AIDS…

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Indian Insurance Regulator to launch a platform for Information Exchange to tackle frauds in Insurance

The Insurance Information Bureau (IIB) of IRDAI is preparing to go live with ‘Beema Satark’ a B2B platform, to alert…

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