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REINSURANCE PREMIUMS
Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...- Extreme weather to drive $20 trillion in global spendingAnalysts note that companies involved in environmental adaptation and mitigation have already outperformed the broader market significantly.
- Warren Buffett's framework for finding businesses to invest : The ‘Shiftless Nephew test’Warren Buffett once revealed a brutally simple test for separating great businesses from merely good ones: Could you put a lazy, not-too-sm...
- Will provide insurance to all vessels coming to or going from India: DFS Secretary NagarajuIndia has launched its own maritime insurance pool. This initiative aims to support Indian maritime trade. Vedanta Sterlite, Balrampur Suga...
- Centre allows 100% FDI in insurance via auto route"Foreign investment in this sector shall be subject to compliance with the provisions of the Insurance Act, 1938(4 of 1938), and the condit...
- Ministries meet to put a cover on ships in war zoneIndian ministries are creating a sovereign-backed insurance plan. A $100 million Bharat Marine Pool is being formed by insurers to cover sh...
- Corp insurance premiums fall up to 80% this seasonCorporate insurance premiums are falling sharply this renewal season. Property and commercial lines are witnessing steep declines. Intense ...
- JC Flowers backs Niyam reinsurance bet as GIFT City gains tractionJC Flowers & Co. is investing in Niyam Group to launch a new Lloyd's Syndicate. This move aims to bring global capital into India's rapidly...
- GST Evasion Notice: DGGI seeks Rs 3k crore from ICICI Lombard and other insurance cosThe Directorate General of Goods and Services Tax Intelligence (DGGI) has issued notices to several insurance companies, including ICICI Lo...
- ICICI Lombard, six other insurance companies receive SCN for non-payment of GST on reinsurance premiums since 2017The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a notice to ICICI Lombard and six other insurance companie...
- HC upholds CESTAT's ruling in favour of oriental insuranceThe department, in its appeal, argued that the insurance company was wrongfully availing credit in respect of service tax paid on reinsuran...
- Covid-19 impact: Life, medical insurance set to become dearerWhile term insurance products may become as much as 30% dearer, medical insurance premiums may rise by 20-25%. Insurers’ pricing calls will...
- Term insurance policy premium may rise again in coming 3 to 6 monthsTerm insurance premiums are calculated on the basis of mortality rate and expected claims outgo, and accordingly, re-insurers fix the re-in...
- Cost of term insurance likely to increase soonAn insurer generally works on a concept where they create a fund through premiums (paid by all their policyholders) and pay the insurance c...
- Budget 2012: Waive service tax on health insurance schemes, says ICICI Lombard General InsuranceWe are hopeful that in this budget, the government will announce a few measures that would aid higher adoption of insurance products among ...
- Disasters down under may raise reinsurance premiumsLarge reinsurers hit by natural calamities, want to factor that in their risk-profiling.
- 10% of global reinsurers close doors on Indian cosNearly 10% of the world’s reinsurance markets have closed down for Indian insurers following the government’s decision to tax premium paid ...
- TDS haze could raise your health cover costHealth insurance premiums could soar if the forthcoming Budget does not clarify on the issue of tax deduction at source for non-life insura...
- GIC Re hikes cost of reinsurance coverThe era of low-property insurance rates is over. The national reinsurer General Insurance Corporation (GIC Re) has raised the cost of reins...
- Tax hounds chase defaulters as TDS target set to fall short by 10%The income-tax department is expected to fall short of its targeted collections from tax deduction at source (TDS) by 10% in 2008-09.
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