Signs of normalcy: Life insurers post 15% rise in new premiums in August

Among the listed insurers, ICICI Prudential Life Insurance saw a 14.5 percent YoY decline in new premium to Rs 892.31 crore in August. HDFC Life Insurance saw a 44.7 percent YoY increase in new premium to Rs 1,903.96 crore, while SBI Life saw a 26 percent YoY growth to Rs 1,805.8 crore.

New Video Shows Broad Daylight Shooting On Brooklyn Sidewalk

Anyone with information about the shooting is asked to call the NYPD’s Crime Stoppers hotline at 1-800-577-TIPS (8477), or for Spanish, 1-888-57-PISTA (74782). You can also submit a tip via their website or on Twitter, @NYPDTips. All calls are kept confidential.

Insurance CIOs building virtual capabilities amidst pandemic

As the Covid-19 pandemic has disrupted almost all sectors it has had it’s effects on the insurance industry, too. While India remains to be an under penetrated country when it comes to insurance coverage, life insurers did lose a good amount of business in the month of March as the pandemic had set in creating […]

Ping An Insurance releases 20-year medical insurance

Li Hao, deputy general manager of Ping An Health Insurance Company of China Ltd, said most of the medical insurance policies that promise 1 million yuan of settlement only have a one-year maturity. The newly introduced medical insurance addresses consumers’ demand for health protection for a longer term.

SBI General Insurance, YES Bank sign banca agreement

New Delhi, General insurer SBI General and private sector bank YES Bank have signed a Corporate Agency Agreement for the distribution of retail products of the insurance company for the bank’s corporate and retail customers.The products of SBI General Insurance Company will be offered to YES Bank’s customers across 28 states and 8 Union Territories.SBI […]

Build fast and deploy fast is the tech mantra at Reliance General Insurance: Rakesh Jain

In this segment of BFSI Tech Tales, Rakesh Jain, ED & CEO, Reliance General Insurance (RGI) shares their technology strategy, cloud adoption, recent developments and initiatives amidst the pandemic. He also talks about their failure and learnings out of it and InsurTech tie-ups. Edited Excerpts:Tech Strategy & IdeationRGI believes technology is at the core of […]

‘Insurers were digitally ready even before the pandemic hit’

With general models remaining the same, the panel of Insurance CEOs stressed over new learnings and outcomes that have emerged strongly with digital shifts; and where do businesses stand with re-invention. Along with this, the panelists also talked about the challenges insurance companies will have to face in the post pandemic world.Communicate, communicate and communicateVibha […]

Mahindra Finance’s subsidiary set to enter online insurance, will launch portal called PayBima

MUMBAI: Mahindra Finance is set to enter the business of online insurance broking giving digital services to the customers of its insurance brokerage subsidiary, Mahindra Insurance Brokers, through a soon-to-be launched portal called PayBima.The move comes at a time when the demand for insurance products pertaining especially to health and life is at a high […]

Changing dynamics of insurance: From physical to phygital

The COVID-19 pandemic has pushed the insurance sector to phygital from physical. It can’t be denied that the lockdown paved the way for multiple innovations and opportunities for the sector that never existed before. However, to thrive and survive in this new landscape, insurers will have to take a structured approach to digital strategy and […]

New PBS film probes construction boom on Latino workers

She was introduced to her subjects and the advocacy group the Workers Defense Project after observing the workers plight in Texas, which outlaws most regulations aimed at protecting laborers. Business leaders in Texas tout its low cost in construction to attract investment but it comes while exploiting vulnerable workers, some with no immigration status, Hernandez […]