by newsworm | Jan 15, 2025 | Insurance
DARAG Group, a specialist in legacy acquisition, has agreed to acquire the run-off portfolio of Wefox Insurance, which includes motor damage and third-party liability, private liability, and property business in Germany, Italy, and Switzerland. The portfolio transfer... by newsworm | Jan 15, 2025 | Insurance, LIC
With the current global political uncertainty and rising inflation, investing in stocks and mutual funds can be a high-risk endeavor. If you’re looking for a safer investment option with the potential to accumulate a substantial sum, the Life Insurance... by newsworm | Jan 15, 2025 | Insurance
A recent survey of 52 leading retailers by the British Retail Consortium (BRC) has revealed significant concerns about trading conditions over the next 12 months. The survey found that 70% of CFOs at these retailers were pessimistic or very pessimistic about trading... by newsworm | Jan 15, 2025 | Insurance, Religare
The article discusses the current market trends and provides a summary of the news and insights from Ravi Singh, Senior Vice President of Retail Research at Religare Broking Limited. According to Singh, the Nifty and Bank Nifty experienced a sharp decline last week,... by newsworm | Jan 15, 2025 | Cholamandalam MS, Insurance
Here is a summary of the content in 400 words: Cholamandalam MS General Insurance Company has made a significant donation to Sankara Eye Hospital in Hyderabad, India. The insurance company has handed over a new bus to the hospital, which will be used to transport... by newsworm | Jan 14, 2025 | Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a circular dated February 15, 2024, highlighting the reasons behind the increase in unclaimed insurance amounts. According to the circular, one of the primary causes of unclaimed amounts is... by newsworm | Jan 14, 2025 | Insurance
Polo Insurance Managers (PIM), a Guernsey-based insurance manager, has launched Clockwork Re, a new Category 4 Commercial General Reinsurer in Guernsey. The company has received regulatory approval from the Guernsey Financial Services Commission (GFSC) to operate in... by newsworm | Jan 14, 2025 | ICICI Prudential Life, Insurance
ICICI Prudential Life Insurance has reported a claim settlement ratio of 99.04% for the July-September quarter of FY2025, the highest among all life insurance companies in the country. The average claim settlement turnaround time was just 1.2 days, with a total value... by newsworm | Jan 14, 2025 | Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) issued a circular on February 15, 2024, regarding unclaimed amounts in insurance policies. One reason for the increase in unclaimed amounts is that consumers are traceable but insurers are unable to... by newsworm | Jan 14, 2025 | ICICI Prudential Life, Insurance
ICICI Prudential Life Insurance has launched a new insurance product called ICICI Pru Wish, specifically designed for women to address critical illnesses and surgeries. The product, in collaboration with Reinsurance Group of America (RGA), provides a lump sum payout...