GIC in the News for July, 2023

General Insurers plead before SC to reverse 2017 ruling on LMV licences for transport vehicles
Tuesday 18 July, 2023
Special Leave Petitions were filed by Bajaj Allianz, Oriental Insurance Co., HDFC Ergo and others in the matter of Bajaj Allianz Vs. Rambha Devi before the Constitution Bench of the hon’ble SC. The matter came up for hearing on 18th July 2023. The basic issue involved in the SLPs is “whether a person holding a driving licence in respect of Light motor vehicle could on the strength of that licence, be entitled to drive a transport vehicle of light motor vehicle class.”

Bajaj Allianz General Insurance, hosted the first-ever General Insurance Festival of India
Wednesday 05 July, 2023
Bajaj Allianz General Insurance, hosted the first-ever General Insurance Festival of India (GIFI) on the 3rd of July 2023 in Pune which officially set a new Guinness World Records achievement for the Largest attendance for an insurance conference.

Unveiling the Enigma: The Evolution of Operations in Insurance
Friday 21 July, 2023
Unveiling the Enigma: The Evolution of Operations in Insurance -Imagine a time when insurance policies were written on clay tablets and stored in dusty archives. Mr KV Dipu, Senior President & Head - Operations & Customer Service, Bajaj Allianz General Insurance Co. Ltd. gives an interesting account of how the insurance industry has come a long way since those ancient days.

Hyper-personalization in insurance
Friday 28 July, 2023
Welcome to the era of hyper-personalization in insurance, where advanced technologies and data-driven insights empower insurers to revolutionise the customer journey. In this article By K V Dipu, Senior President & Head-Operations & Customer Service, Bajaj Allianz General Insurance writes about a futuristic scenario where insurance providers can tailor policies to suit individual lifestyle

Securitization in Insurance
Friday 14 July, 2023
Securitization: By moving the risk to the capital market through financial instruments or derivatives, securitization would increase an insurer's capacity for underwriting: Saurabh Chandra of New India Assurance explores this option in a write up

Indonesia: Non-life insurers seek alternatives to capital hikes to strengthen insurance market - Asia Insurance Review
Monday 31 July, 2023
Indonesia: Non-life insurers seek alternatives to capital hikes to strengthen insurance market - Asia Insurance Review

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