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Top News In காப்பீட்டாளர்கள் க்கு மறுக்க Today - Breaking & Trending Today

RBI restricting banks from raising stakes in insurance firms: Report

India s central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20 per cent, less than half of what the current regulations permit, three sources with knowledge of the discussions told Reuters.
Reserve Bank of India (RBI) rules allow banks to hold up to 50 per cent stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period.
The sources, who asked not to be named as the discussions are private, however said the central bank in 2019 unofficially advised banks seeking to acquire stakes in insurers, to limit such stakes to a maximum of 30 per cent, and more recently directed them to cap stake purchases in insurers at 20 per cent. ....

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Vaccine adverse reaction: Insurers will 'cover hospitalisation'

Vaccine adverse reaction: Insurers will ‘cover hospitalisation’
Surabhi
Mumbai |
Updated on
With Phase 2 opened to general public, insurers say gearing for claims
Any adverse reactions to Covid-19 vaccination that may require hospitalisation will be covered by your insurance policy.
Insurance industry sources said that existing medical policies will cover any adverse reaction or allergy that requires hospitalisation, just as any other illness.
“Any vaccine-related issue that needs hospitalisation will be covered under the health policy. As a general rule, whatever is not specifically excluded in the policy document, is included,” noted a standalone health insurer.
Insurers, too, are gearing up for claims. A general insurer said all such cases would be covered. The cost of vaccination will not be included, but any hopitalisation for over 24 hours will be covered. ....

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UK business interruption insurance anguish far from over

3 Min Read
LONDON (Reuters) - Insurers in Britain have begun making interim payments or settlement offers to businesses disrupted by the COVID-19 pandemic after a high-profile January court case, but concerns have been raised about low payouts, with one business offered as little as 13 pounds ($18.14).
FILE PHOTO: General view of an empty restaurant in the Docklands, East London, after British Prime Minister Boris Johnson asked all pubs, restaurants and cafes in Britain to shut indefinitely as the spread of the coronavirus disease (COVID-19) continues. London, Britain, March 20, 2020 REUTERS/Steven Watt/File Photo
The UK Supreme Court dismissed appeals by insurers that said business interruption insurance claims were not valid in a test case brought by Britain’s markets watchdog on behalf of policyholders. ....

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Talent tactics: why it pays to unite D&I and talent strategies

Talent tactics: why it pays to unite D&I and talent strategies
26-02-2021
22-02-2017
For insurers, securing the best talent has always been crucial to gaining the advantage during times of change but, argue two experts from McKinsey, now is the time to tie diversity and inclusion into talent strategies to ride the crest of the wave into the new normal.
Talent strategy has always been important for insurers, but as COVID-19 accelerated the move to remote working and years of digital transformation happened in a matter of weeks and months, talent became essential to lead organisations through these changes. ....

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Irdai asks insurers to bring standard accident cover from Apr

Read more about Irdai asks insurers to bring standard accident cover from Apr on Business Standard. The insurance regulator has asked general and health insurance providers to provide standard personal accident cover products ....

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