GIC in the News for November, 2023

Navigating smoothly with Innovative Motor Claims Process
Thursday 23 November, 2023
In the age of digital transformation, industries of all kinds are reimagining the way they operate. The insurance sector is no exception, with leading the charge in making insurance processes more accessible and efficient. We, as a leading general insurance provider, is at the forefront of embracing new regulatory reforms and initiatives to enhance our services and uphold best practices in the industry

Trivandrum meeting for use of ai in traffic monitoring
Tuesday 14 November, 2023
A meeting was held at Hyatt Regency, Trivandrum on 14.11.2023. It was arranged by the Kerala Government under the leadership of the Kerala Transport Minister, Mr. Anthony Raju and the Kerala Transport Commissioner, Mr.S.Sreejith .

Cyber Insurance Policy - A Necessity for All
Monday 27 November, 2023
Today most of us depend heavily on the Internet to manage our routine lives, be it shopping, bank transactions, entertainment, or communication. You will be surprised to know that India has over 750+ Million internet users spread across the country

GIC wants to divert terror insurance money for oil and nuclear risks
Tuesday 14 November, 2023
More than Rs 15,000 crore (about $2 billion) is sitting unused in India’s insurance pool against terrorism and could be used to cover nuclear accidents or for imports of Russian oil.

New Zealand- Comprehensive car insurance premiums jump by up to 38% since 2021
Thursday 16 November, 2023
Asia Insurance Review Premiums for comprehensive motor insurance have risen by up to 38% since 2021, according to the findings of a survey by the consumer organisation, Consumer NZ.

Taiwan- Majority of non-life insurers see operating profits in 2Q 2023
Saturday 25 November, 2023
Asia Insurance Review Some non-life insurers in Taiwan continued to see unfavourable claims development and reported net losses in the first quarter of 2023, but the majority had returned to operating profitability as of secondquarter 2023, notes AM Best.

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