September 22, 2015
Global reinsurer Swiss Re has found big gaps in insurance coverage (pure protection) in Indian households. The mortality protection gap report for Asia Pacific by Swiss Re has found that the gap in India was $8,555 billion in 2014.
Clarence Wong, head of economic research and consulting, Asia Pacific, Swiss Re, said while there […]
September 2, 2015
India Inc is inadequately covered for business-related risks. A survey conducted by ICICI Lombard said that revealed that despite being aware, corporations have taken insurance coverage for only a few risks. Group medical insurance and group accidental insurance is the most common cover.
The study, spread across 292 companies spanned technology, BFSI, steel, cement, pharmaceutical, […]
July 28, 2015
The Indian Broker Association (IBAI) is miffed with regulator IRDAI over its non-inclusion in the General Insurance Council (GIC) and wants the Finance Ministry to intervene to fix the “flaw” in the Insurance Act.
IBAI is a professional body of 400 insurance brokers while GIC represents 28 general insurers in the country.
The recently passed […]
