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INSURANCE INDUSTRY INEFFICIENCY
Kiwi targets Rs 5,000 crore premium book with AI-led insurance modelA new general insurance company, Kiwi General Insurance, is set to launch in India. Backed by WestBridge Capital and Neelesh Garg, it plans...- Health insurance works only when everyone contributesA small group of health insurance customers accounts for most hospitalisation costs. The remaining 95% must pay premiums to keep the system...
- Viksit Bharat will be built on capability, not just cost advantage: Hemant Jhajhria of KPMG IndiaIndia is at a pivotal moment in global manufacturing. Micro, Small, and Medium Enterprises are key to this transformation. They must shift ...
- West Bengal’s Delhi wall may disappear: What schemes could BJP rule in Kolkata unlock?West Bengal's long-standing political clashes with the central government over welfare schemes are set to change. With the BJP now in power...
- Berkshire Hathaway cash hits $380 billion as Warren Buffett exits, greg abel faces big decisions on dividends and growthBerkshire Hathaway now has very high cash and a new CEO after Warren Buffett. The company is not investing much and is selling stocks. Expe...
- Digital lenders wary of small biz; Mythos’ biggest security riskHappy Tuesday! Digital lending firms are turning cautious on term loan exposure to small businesses. This and more in today’s ETtech Mornin...
- AgriTech could add $90 billion to Southeast Asia’s GDP by 2033: ReportWhile investments have seen a recent decline due to structural challenges, opportunities abound in digital value chains, AgriFinTech, deep ...
- Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
- Will your hospital bills fall with new IRDAI move? Know how policyholders will be impacted with the formation of this new panelPolicyholders facing rising premiums, slow claims, and opaque hospital pricing will soon see changes. IRDAI's new sub-committee aims to sim...
- Health beats motor as India's leading non-life insurance segmentIndia’s non-life insurance sector has seen strong growth, with health insurance surpassing motor as the largest segment, though overall cov...
- Economic Survey raps insurers for high commissions eroding policyholder valueInsurers must prioritise the digitisation of distribution to rationalise acquisition costs and restore ‘value for money’ for policyholders,...
- Systemic leakages of Rs 10,000 crore annually in insurance sector eroding trust: ReportTo safeguard integrity, there is a need for collective action from all stakeholders, including insurers, corporates, government, and regula...
- Put more money where healthcare isIndia's health insurance sector has surpassed ₹1 lakh crore in premiums, but a concerning trend emerges as insurers prioritize cost contain...
- Insurers kick-start blockchain project to check expensesLife insurers spend a lot of time and effort in identifying and validating records multiple times for the same customer.
- Formation of National Regulator for Health Sector demandedA group of NGOs today called for urgent creation of a National Regulator for Health Sector, which can monitor healthcare services.
- Rs 60,000 cr inflow likely in 5 years in insurance sector: SBI research report"The FDI limit hike could result in inflows of Rs 40,000 crore to Rs 60,000 crore over five years and immediate inflows of around Rs 20,000...
- 75 per cent of insurance sales to be online by 2020: BCG-Google reportAs many as three-fourths of insurance policies sold by 2020 will be influenced by digital channels, says a report by BCG and Google India.
- New motor insurance pool a welcome reformThe insurance regulator's move to reform the motor insurance pool to settle accident claims of victims is welcome.
- Greater disclosures may be made must for life insurersTo bring greater transparency to the life insurance market, the insurance regulator could make it mandatory for life insurers to provide gr...
- US healthcare costs more, delivers less : StudyThe United States lags behind other industrialized nations in the quality of its healthcare despite having the costliest system in the worl...
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