Page 91 - Insurance

Insurance broking to become more flexible with new norms

Brokers association to meet regulator to discuss further changes

Irda to share info with global peers on insurance sector

Irda has become a signatory to the global supervisory cooperation and information exchange agreement under the aegis of IAIS

Clinical trial liability insurance to see sustainable growth

General insurers believe recent apex court view on the issue would lead to a more orderly growth

Issuance volume for securitisation dips 20%: Icra

Securitisation is a process through which illiquid financial assets are pooled and repackaged into marketable securities

Irda plans new norms for micro insurance

Seeks cost effective regulations with better returns than premium deposited for investors

Report bats for insurance agency channel revamp

Report startes, by 2020, internet will constitute 15-20% of gross direct premium in personal line products

Index-linked insurance products may entirely go

New norms a big hurdle; life insurers petition Irda

LIC 's entry into common TPA still undecided

This in-house TPA for public general insurers to be operational from Jan 1, 2014

Public general insurers' net up in FY13

Growth backed by growth in premium and reduction in losses

SBI General hopes to cut net loss by 40% this year

The net loss was Rs 140 cr for 2012-13, against an anticipated Rs 165 cr

SBI General collects total premium of Rs 771 cr in FY13

Targets top-line growth in excess of 140% this fiscal

Irda head, life insurers discuss dip in growth

Irda chairman T S Vijayan raises concerns about de-growth of industry

In-house TPA to be operational from Jan 2014

Move expected to reduce costs for players who pay approximately 6% of premiums to TPAs to settle claims

Life insurers' premium growth to face challenge in FY14

Irda has recently brought out new guidelines on traditional product structure

Life insurers' new premiums fall 6.3% in FY13

The life insurers collected premiums of Rs 1,07,011 cr in FY13

4 general insurers and a reinsurer plan to launch TPA in September

The total project outlay is estimated at Rs 200 cr

Indian firms in doublespeak on insurance FDI: WikiLeaks

US diplomatic cables say Indian partners' private lobbying on issue at variance with public stand

Pension products not on a par with NPS, say insurers

Pension products would have to guarantee an assured benefit in the form of a non-zero rate of return, which would need to be disclosed upfront: Irda

Irda chairman to meet life insurers on May 2

Traditional product guideline implementation to be main agenda

Hunt for LIC chief on

Sarkar seen as the front-runner