News

LIC receives three-year extension to meet public shareholding requirements

May 15 2024

SEBI grants LIC extension to May 2027 in order to comply with minimum 10% public shareholding rule.

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Australia’s 2024-25 Budget: Disaster resilience funding boost and new insurance taskforce

May 15 2024

Australia commits to enhancing disaster preparedness and propelling nation to be a "renewal energy superhouse," but ICA cautions further investment in resilience and mitigation is crucial.

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Everest Insurance launches in Australia with Sydney and Melbourne offices

May 14 2024

Everest launches Australian operations, led by Managing Director, Christian Colombera.

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Tata AIG launches India's first satellite in-orbit third-party liability policy

May 14 2024

New policy offers coverage for third-party bodily injury and property damage amid India's ambitious space market growth targets.

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IRDAI approves IIHL’s acquisition of Reliance Capital’s insurance arms: reports

May 13 2024

Approval paves way for Hinduja Group's IIHL to proceed with plan to acquire and revitalise Reliance Capital's insurance subsidiaries.

Everest International Reinsurance granted Australian GI licence

May 13 2024

APRA approves general insurance licence as Everest Group further strengthens its operations in Australia.

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Indian regulator mandates insurers meet rural and social sector quotas

May 13 2024

Circular mandates life, general, and health insurers fulfill rural and social sector quotas.

China Construction Bank sued over alleged role in facilitating Vesttoo reinsurance fraud

May 11 2024

US insurer Porch Group sues CCB, alleging its employees colluded with Vesttoo on fake letters of credit.

China's regulator moves to reshape bancassurance market, boost competition

May 11 2024

NFRA introduces new directive likely to promote greater competition and consumer choice in the bancassurance space.

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South Korean insurers targetting more tailored products for women - report

May 10 2024

Korean insurers are increasingly targeting female customers, responding to growth including higher insurance subscription rates among women.

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