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Sitharaman urges French firms to invest in India's AI, clean energy pushUnion Finance Minister Nirmala Sitharaman urged French businesses to boost investments in India, highlighting vast opportunities in AI, cle...
Jio Financial shares jump 4% as firm inks 50:50 JV deal with Allianz for general, health insurance businessJio Financial Services shares jumped after it signed a binding agreement to form a 50:50 insurance joint venture with Allianz Group. The JV...
Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensionsThe finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...
Allianz, Jio Financial Services ink 50:50 insurance JV to tap India’s growing marketJio Financial Services and Allianz Group are partnering to launch a new insurance venture in India. This 50:50 joint venture will offer gen...
Jio Financial Services expects to begin life, general insurance biz in 2026Jio Financial Services (JFS) is hoping to start general and life insurance businesses this year, a top company official has said.
Berkshire Hathaway eyes $1.8 billion stake in Tokio MarineTokio Marine Holdings Inc said on Monday it would form a strategic partnership with Warren Buffett's Berkshire Hathaway by initially sellin...
Jio Financial Services, Allianz of Germany forge alliance to set up reinsurance businessJio Financial Services and Allianz have established 'Allianz Jio Reinsurance Ltd' to operate a reinsurance business in India, with each hol...
Jio Financial Services shares in focus after 50:50 reinsurance JV with AllianzJio Financial Services share price: The company announced a 50:50 domestic reinsurance joint venture with the Allianz Group, formalized thr...
Jio Financial Services ties up with Germany's Allianz for reinsurance ventureGerman insurer Allianz has entered a 50:50 reinsurance joint venture with Jio Financial Services, part of Reliance Group, to expand in Indi...
Hot Stocks: Brokerage view on Paytm, Policy Bazaar, Cummins India and Quess CorpNuvama sees limited downside in Quess Corp and sees a strong value unlocking in the near future. There are high odds of medium-term upside....
Catastrophe bonds provide a financial safety net to insurersA SBI report published in July said that India ranks third after the US and China in recording the highest number of natural disasters sinc...
CII for Pandemic Pool to manage risks on long-term basisThe CII further said, "Even though initially, fiscal support from the central government is required for the successful start of the pool, ...
Irdai sees demand for new covers in wake of pandemicThe regulator is considering the formation of an Indian pandemic risk pool with contributions from the country’s insurers and reinsurers. A...
General Insurance Corp. Re gets Lloyd's entryWith the spurt in crop insurance, GIC Re’s had seen significant growth from the Indian insurance market.
Lloyd's gets final approval from IRDAI to open branch in IndiaLloyd's plans to open a reinsurance branch in the country, in time for the April major reinsurance renewals, following final regulatory app...
- Irda plans to introduce electronic re-insurance platform
With a view to improve transparency in reinsurance contracts, Irda said that it is planning to introduce an electronic re-insurance platfor...
- Institutes to enrich Infosys BPO's insurance vertical
Infosys BPO, the outsourcing arm of Infosys Technologies, today said it has partnered with the American Institute for Chartered Property Ca...
- Reinsurers to get easier entry
The insurance amendment bill has been reworked considerably with changes in listing norms and relaxation in prescribed norms for reinsuranc...
- Munich Re to enter life, general insurance
Munich Re, world's second largest reinsurer, says it plans to enter into both life and general insurance sector in the country.
- HDFC shortlists 3 foreign players for insurance JV
HDFC Executive Director Renu Sud Karnad said the contenders for the 26% stake in its non-life insurance business were from the US, Europe a...