Intermediaries

Reliance entry to digitise 5 million kirana stores by 2023: Report 

Data       May 12, 2019

  Richest Indian Mukesh Ambani-led Reliance Industries entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said.    As much as 90 per cent of India's USD 700 billion...

Marsh & McLennan receives final regulatory approvals on buying JLT on April 1

International News       Mar 25, 2019

  The European Commission has approved its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc, said Marsh & McLennan Cos. (MMC) March 22 t.   With the approvals from European Commission, all regulatory and competition authority approvals required to close the transaction have now been satisfied,...

Alex Moczarski, Chairman of Marsh & McLennan Companies International

MARSH increases stake in MARSH India to  49%

Indian News       Mar 13, 2019

  Mumbai: Marsh, a global leader in insurance broking and innovative risk management solutions and a wholly-owned subsidiary of Marsh & McLennan Companies, today announced that it has increased its shareholding in Marsh India from 26% to 49%, the maximum permitted under laws governing foreign direct...

Bharti AXA Life Insurance hires 10,000 insurance advisors and sets up 50 new branches across India

Indian News       Mar 12, 2019

Mumbai: Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, and AXA, today announced that the company has hired 10,000 insurance advisors and set up 50 new branches across India in the current financial year.   The aggressive expansion drive is part of the company’s...

Irdai panel suggests host of steps for speedy settlement of insurance claims

Indian News       Mar 10, 2019

  New Delhi: A panel set up by insurance regulator Irdai has suggested modifications in the norms for surveyors and loss assessors in order to attract youngsters and promote expeditious settlement of claims.   Surveyors and loss assessors in insurance is a specialised field of work which...

HDFC Life partners with upGrad to launch a first-of-its-kind online life insurance course

Indian News       Feb 27, 2019

  Mumbai: Online higher education company, upGrad, has partnered with HDFC Life Insurance Company to launch a Post Graduate Program in Life Insurance. This is a comprehensive 11-month post-graduation program which includes online learning, on-the-job training and internship experience. Post successful course completion, all learners secure...

Rajshekar Kalluri, MD, Global Insurance Brokers

Global Insurance Brokers appoints Rajshekar Kalluri as its MD 

Indian News       Feb 11, 2019

  Mumbai:  Global Insurance Brokers, one of the top five insurance intermediaries in the country, has appointed Rajshekar Kalluri appointed as its MD.Kalluri joins   With nearly 20 years of experience Kalluri has worked with large corporates like Fitch Ratings, Standard Chartered and ICICI Bank in the...

PolicyBazaar aims to collect Rs 3,500 crore premium in FY19

Indian News       Jan 29, 2019

New Delhi: Insurance portal Policybazaar which has recently raised around Rs 1,360 crore through a fresh round of investment, has said it aims to collect Rs 3,500 crore premium by the end of the current fiscal, a senior company official said. It collected premium of...

A.J. Gallagher’s 'clean coal' business draws ire of green investors

International News       Jan 19, 2019

  BOSTON: Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co after a Reuters investigation into the company’s lucrative side-business in “clean coal”.   A.J. Gallagher (AJG.N) has invested in 34 facilities producing so-called refined coal, which...

Vishal Sharma, Executive Vice President, Bancassurance – Retail Business, HDFC ERGO General Insurance Company

Bonding with Banks 

Articles       Jan 17, 2019

  The privatisation of the insurance industry in the 2000s gave an overall boost to the insurance sector. However, till late 2012, banks were allowed to sell insurance products of just one insurancecompany, in each category. Thereafter, with the new regulation, banks were allowed to adopt...

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