The News Scroll 30 June 2020 Last Updated at 5:37 pm | Source: IANS Non-life insurance sector to log negative growth in FY21 Non-life insurance sector to log negative growth in FY21 Chennai, June 30 (IANS) The non-life insurance industry is expected to log negative growth this financial year (FY21) due to Covid-19 pandemic, according to a top official of Cholamandalam MS General Insurance Company, here on Tuesday. Announcing retirement from the Mugugappa Group insurance firm, S.S. Gopalarathnam said V. Suryanarayanan, President & COO, would take over as the Managing Director on July 1. The company is a joint venture between the Rs 381 billion turnover Murugappa Group and Mitsui...
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Consultancy: Policy and Social Benefits, Division Human Resources (6 months, Home Based) Position type: Consultancy Division/Equivalent: Operations School/Unit: Division of Human Resources Department/Office: Policy...
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Our analysts monitoring the situation around the Globe explain that after COVID-19 crisis the market will generate remunerative prospects for producers. The goal of the report is to provide a further illustration of the current scenario, economic slowdown and effect of COVID-19 on the industry as a whole. A New Research on the Global Universal Life Insurance Market was conducted across a variety of industries in various regions to produce more than 150 page reports. This study is a perfect blend of qualitative and quantifiable information highlighting key market developments, industry and competitors’ challenges in gap analysis and new opportunities and may be trending in the...
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Craig Thornton appointed new Chair of ABI's General Insurance Council Craig Thornton, General Insurance and Protection Director, Lloyds Banking Group, has been appointed as the new chair of the ABI’s General Insurance Council (GIC). The GIC sets the ABI’s strategic direction on issues of interest to the general insurance market. Currently Chair of the ABI’s Audit Committee, and ABI Board member, Craig succeeds Andy Watson, CEO, Ageas UK. “The Covid-19 crisis has put the industry right under the spotlight and it’s more important than ever for the sector to work together on lessons from this and highlight the importance of our role in getting the UK back on...
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KADIMA, Israel, June 30, 2020 /PRNewswire/ -- Nemesysco , a leading provider of voice analytics technologies and solutions for genuine emotion detection, today announced that the company has deployed a voice analytics solution together with its local integration partner Softtek for the China Pacific Insurance Company (CPIC). CPIC is one of the largest insurance providers in China with over 139 million customers and nearly 108,000 employees. CPIC is headquartered in Shanghai and is a Fortune Global 500 company. CPIC is initially applying Nemesysco's LVA7 voice analytics solution in its life insurance business unit. LVA7 has been embedded into the claims processing solution provided to CPIC...
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Flipkart co-founder and former CEO Sachin Bansal has reportedly acquired DHFL General Insurance from Wadhawan Group Capital (WGC) for around Rs 100 crore. The deal is seen as a distress sale for Kapil Wadhawan-led financial services group, which used to run the debt-laden DHFL. WGC is the parent company of crisis-hit Dewan Housing Finance Limited (DHFL), which has been recently admitted for bankruptcy. WGC also owns financial services companies such as Aadhar Housing Finance, Avanse Financial Services, DHFL Pramerica Asset Managers, DHFL Pramerica Life Insurance and DHFL General Insurance. With this acquisition, Bansal has entered into insurance business. The investment is also seen as part...
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Jubile Life Ins: Jubilee Life Insurance secures second position in Polo Cup largest life insurance provider in the private sector, recently bagged the second position in the Major General Saeed uz Memorial Polo Cup 2019. The final match of the tournament was held at the Lahore Polo and Country Club. The tournament was played by eight teams comprising of astute sportsmen representing various corporations. qualified for the final game after an unsparing victory in the preceding semi-final, while being handicapped at 7 goals and defeating Master Paints Black, handicapped at 8 goals. The final match, played against Master Paints concluded with the score closing at 7-4. 'Sports, be that of any...
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IFFCO Tokio General Insurance IFFCO Tokio General Insurance Company Ltd – Overview The world we live in is unpredictable. Anything can happen anytime; uncertainties are everywhere. Hazards and unforeseen situations are inevitable. We are exposed to hundreds of risks almost constantly. An instability of health, losses of life, damage of property and assets, etc. are events are simple mishaps that can happen anytime. They are at the root of our emotional disturbance and damaged financial stability. You cannot avoid what is going to happen, but you can be prepared. This is the major reason why people opt for insurances. The financial world has introduced different services to protect...
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Fortitude Re was formed as a Bermuda domiciled composite reinsurer in 2017 by AIG to house the latter’s legacy portfolio AIG will bring down its stake in Fortitude Re to 3.5%. Photo: courtesy of HanSangYoon/Wikipedia.org. American International Group (AIG) has agreed to sell a stake of 76.6% in Fortitude Group, a group of companies that operate as Fortitude Re, to The Carlyle Group and T&D Holdings for about $1.8bn. Fortitude Re (previously known as DSA Re) was formed as a Bermuda domiciled composite reinsurer in 2017 by AIG to house the latter’s legacy portfolio in a separate and distinct capitalized balance sheet. The legacy portfolio was made up of insurance reserves related to AIG’s...
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