Liberty Life Assurance unveils the Kuza Plan

Insurance experts are attributing the low adaptation of insurance to companies that refuse to pay claims and if they do, they cheat the public.Life and general insurance company, Liberty Life Assurance, Chief Executive, Mohammad Danish Eqbal says Customer protection and growth are paramount, which is why they have created the Kuza Plan.“This comprehensive protection plan ensures our clients’ security while supporting their financial growth.” Unlike traditional plans, the Kuza Plan…
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Source: https://capitalradio.co.ug/amp/business/2024-05-17-liberty-life-assurance-unveils-the-kuza-plan/

Emoha partners with Aditya Birla Health Insurance to offer holistic eldercare solutions

Eldercare brand Emoha has partnered with Aditya Birla Health Insurance Co. Limited (ABHICL), the health insurance joint venture of Aditya Birla Capital. This collaboration will empower ABHICL to offer personalized senior care solutions to its corporate clients and group mediclaim policyholders, thereby extending Emoha’s comprehensive services to a wider audience across the nation.
Through this partnership, Emoha reinforces its commitment of providing exceptional care and support to…
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Source: https://mediabrief.com/emoha-x-aditya-birla-health-insurance/

The Evolution of Life Insurance as a Wealth Management Solution for Clients in the UAE -Asian Wealth Management and Asian Private Banking

A detailed and insightful panel discussion took place at the Hubbis HNW Insurance Forum in Dubai on May 2 at which experts cast their eye over life issuance and its role in smart planning and structuring for HNW and UHNW clients and their families. They tracked the evolution of life insurance solutions as they cater to the unique needs and preferences of UAE-based wealth management clients. They analysed the specific features or benefits of life insurance solutions that have become…
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Source: https://www.hubbis.com/article/the-evolution-of-life-insurance-as-a-wealth-management-solution-for-clients-in-the-uae

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Source: https://www.businesstoday.in/personal-finance/investment/story/kangana-ranaut-has-50-lic-policies-good-or-bad-idea-heres-what-financial-experts-have-to-say-429913-2024-05-17

ICICI Lombard Share Price: Share price of ICICI Lombard falls as Sensex gains 284.96 points

Share price of ICICI Lombard General Insurance Company Ltd. dropped 0.58 per cent to Rs 1666.25 at 12:11PM (IST) in Friday’s trade. The scrip hit a high of Rs 1683.45 and low of Rs 1661.4 so far during the session. The stock had closed at Rs 1676.1 in the previous session. The counter had a total traded volume of 12:11PM shares so far with a turnover of Rs 0.49 crore on BSE. The stock traded at a price-to-earnings multiple of 43.87 and a price-to-book ratio of 5.03. A higher…
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Source: https://m.economictimes.com/markets/stocks/stock-watch/share-price-of-icici-lombard-falls-as-sensex-gains-284-96-points/amp_articleshow/110199012.cms

Religare Enterprises: Religare moves HC over Sebi ‘inaction’

Mumbai: Religare Enterprises has moved the Delhi High Court against the Securities and Exchange Board of India (Sebi) for its alleged inaction on the complaints made against the Burman family, the Dabur promoters who have emerged as the largest Religare shareholders and want management control of the financial services firm. Religare has asked the court to direct Sebi to conduct a forensic audit to unearth the facts behind the grievances raised by it and to submit to the court a detailed…
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Source: https://m.economictimes.com/markets/stocks/news/religare-moves-hc-over-sebi-inaction/amp_articleshow/110190968.cms

Kotak Mahindra Life Insurance declares 20% higher bonus for over 7 lakh policyholders

Kotak Mahindra Life Insurance has announced a bonus of ₹1,007 crore for more than 7 lakh eligible policyholders for FY 2023-24. This is the 23rd consecutive year that Kotak Life has declared a bonus on participating products.The bonus declared is 20% higher than the bonus amount of FY2022-23.Participating plans provide policyholders with profit-sharing benefits in the form of bonuses. This announcement follows a recent trend among major life insurance companies in India declaring…
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Source: https://www.cnbctv18.com/personal-finance/kotak-mahindra-life-insurance-declares-20-pc-higher-bonus-7-lakh-policyholders-check-eligibility-19413330.htm/amp

Nippon Life Insurance to acquire 20% stake in US-based Corebridge

Nippon Life Insurance says it’s going to acquire a 20-percent stake in Corebridge Financial for about 3.8 billion dollars.
Corebridge is a financial services firm and affiliate of insurance giant American International Group, or AIG, which operates in 70 countries.
Nippon Life says the acquisition amount is its largest to date.
Corebridge is known as a strong player in the private pension business. Nippon Life expects the…
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Source: https://www3.nhk.or.jp/nhkworld/en/news/20240517_14/

Trium & Wikifri enter commercial E&S property insurance space

Wikifri, an insurance consulting firm and provider of the Insurance Daylight Data Solution, is collaborating and supporting Trium Cyber US Services, Inc., a US-domiciled Lloyd’s coverholder and underwriter, in expanding their insurance offerings to include commercial E&S property insurance.
Following the successful launch of their cyber operations in January 2023 with Wikifri’s expertise, Trium is now harnessing market opportunities in the E&S property space.
Josh Ladeau, Chief Executive…
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Source: https://www.reinsurancene.ws/trium-wikifri-enter-commercial-es-property-insurance-space/

‘There is still a huge incentive for solicitors to push for litigation’ – The Irish Times

Declan O’Rourke, the chief executive of Aviva Insurance Ireland, may be a GAA diehard. But the Tipperary native knows the value of the group’s naming rights to the cathedral for Irish rugby and soccer.“It’s one of the best sponsorship assets in the country,” O’Rourke says of the Aviva Stadium, which over the next six weeks alone will play host to the Uefa Europa League final between Atalanta and Bayer Leverkusen and pop stars Pink and Taylor Swift.“It’s known by everybody in…
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Source: https://www.irishtimes.com/business/2024/05/17/aviva-insurance-ireland-ceo-there-is-still-a-huge-incentive-for-solicitors-to-push-for-litigation/