Industry News

Insurance firms go for digital-first to grow business
Monday 04 June, 2018
Insurance firms knock off agents, go for digital-first to grow business - Business Standard – 4th June 2018 Insurance is a business of relationships; traditionally, an outcome of frequent handshakes between agents and their customers. That is changing fast. Some of the country’s biggest insurers are moving to a digital-first approach, reducing the dependence on agents for selling an insurance product.

IRDAI fixes motor third-party insurance premiums for FY19.
Thursday 30 March, 2017
General insurers told Business Standard the reduction in premium rates would motivate customers, especially private car and motorcycle owners After having issued a set of proposed revisions to motor third-party insurance premiums early this month, the Insurance Regulatory and Development Authority (IRDAI) notified general insurers of the rates applicable from April 1 onward. IRDAI has kept the premium rate unchanged from that stated in its draft for private cars and two-wheelers.