Insurers

DHFL's bondholders get three-week deadline to be on board with rescue plan evaluated by banks

DHFL has already submitted a resolution plan to its committee of core creditors, which is currently being evaluated,

Catastrophe bonds: It's time govt considers insurance-linked securities with increasing frequency of natural calamities

Naturally to entice investors, the coupon rates have to be much higher than the ones offered by corporate bonds and gilts.

Irdai asks insurance companies to share status of claims with policyholders from 1 July

Insurance companies will have to inform about claim settlement status to policyholders at various stages of processing from July, Irdai said on Wednesday

Insurers Still Ineffective At Tackling Fraud: Ovum

Fraud prevention at every customer touchpoint critical for increased revenue growth, says Ovum.

New York Governor Andrew Cuomo issues cyber security regulations for banks and insurers

New York Governor Andrew Cuomo on Tuesday issued long-anticipated proposed cyber security regulations for banks and insurers in the state, the first of their kind in the United States by any state or federal agency, the governor said in a statement.

Indian insurance firms to spend Rs 140 billion on IT in 2016: Gartner

Spending on IT services is forecast to reach Rs 45.2 billion, which is 32 percent of all insurance IT spending.

Insurers eye billions of dollars as Parliament finally clears Insurance Bill

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent.

Don't mis-sell, devise simple products, FM tells insurers

"In my view, the reason why insurance is stumbling in India is because of mis-selling of products and complex products. "If you want to sell insurance to India, you must sell simple products and must make it absolutely clear to agents and other officers that they should not mis-sell," Chidambaram said.

Insurance IT spend to hit $101 billion globally in 2015, says IDC

Geographically, the emerging markets continue to shine. The 3-year CAGR in emerging markets is expected to be 6.7 percent between 2015 and 2018, which is double that of mature nations.

FinMin wants ailing banks, insurers out of CCI purview

<br /><br /> The CCI is empowered by sections 3 and 4 of the Competition Act, to check anti-competitive practices and abuse of dominant position.