Insurance Industry

Insurance Industry News

LIC IPO expected to improve accountability, transparency; encourage pvt sector insurance firms to get listed: Fitch
Business

LIC IPO expected to improve accountability, transparency; encourage pvt sector insurance firms to get listed: Fitch

The proposed initial share sale of LIC will improve the accountability and transparency of the country's largest insurer and benefit the insurance industry, Fitch Ratings said on Wednesday

Gender pay gap still high in India, women earn 19% less than men; IT sector shows pay gap of 26%: Survey
Business

Gender pay gap still high in India, women earn 19% less than men; IT sector shows pay gap of 26%: Survey

According to the latest Monster Salary Index (MSI), the current gender pay gap in India stood at 19 percent where men earned Rs 46.19 more in comparison to women.

Finance ministry to review performance of state-run insurers; meeting to pave way for proposed merger
Business

Finance ministry to review performance of state-run insurers; meeting to pave way for proposed merger

Finance ministry will be holding a performance review meeting of general insurers - National Insurance, United India Insurance & Oriental India Insurance

Swiss Re announces InsurTech startup accelerator program in India
Startup

Swiss Re announces InsurTech startup accelerator program in India

Swiss Re has announced the launch of its corporate InsurTech accelerator to help startups develop business solutions that could revolutionise the way (re)insurance conducts business. The accelerator is a program managed by Kyron.

Budget 2015: Change tax laws to make pensions, annuities plans attractive
Economy

Budget 2015: Change tax laws to make pensions, annuities plans attractive

The finance minister in his maiden budget speech had announced the concept of universal KYC and a single demat account across asset classes.

Informatica Provides Coverage For Big Data In The Insurance Industry
Biztech

Informatica Provides Coverage For Big Data In The Insurance Industry

XMap and HParser Capabilities in Informatica 9.5 enable insurance organisations to more effectively address the opportunities and challenges around ACORD insurance standards and Big Data.