Aviva announced that it has completed the acquisition of an additional 23% share in Aviva Life Insurance Company India from its joint venture partner Dabur Invest Corp.
SBI Life Insurance Co. Ltd on Tuesday reported a 5% growth in net profit at Rs.861 crore for the year ended 31 March.
Future Generali India Life Insurance and Saraswat Bank entered into its bancassurance partnership. Munish Sharda, MD & CEO, FGILI and S.K. Banerji, MD, Saraswat Bank signed an agreement to this effect in Mumbai
Swiss Re announced the launch of its first-ever corporate InsurTech accelerator to help startups develop business solutions that could revolutionise the way (re)insurance conducts business. The accelerator is a programme managed by Kyron.
The Securities and Exchange Commission of Pakistan approved a new micro-insurance product under the SECP Rules, 2014 with the name ‘First Sehat Tahafuz Plan’ under which micro health coverage can be provided to low-income clients of a microfinance institution.
The Zimbabwe National Road Administration and insurance companies have begun the computerisation exercise of third party motor insurance cover amid claims fake notes had flooded the market.