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Latest Insurance News Today

Identify Fraudulent Claims Insurance Industry

ICICI Lombard Upgrading Fraud Detection To Stem Fraudulent Claims

March 2018

Increasing incidences of fraudulent claims has led ICICI Lombard to strengthen their fraud detection processes

ICICI Lombard Upgrading Fraud Detection To Stem Fraudulent Claims

March 31 2018

Increasing incidences of fraudulent claims has led ICICI Lombard to strengthen their fraud detection processes

February 02 2021

The Government of India has proposed a hike in the limit or cap on Foreign Direct Investment (FDI) in the insurance sector to 74% from the existing 49%. The decision was announced by the Finance Minister of India, Mrs Nirmala Sitharaman, during her budget speech in the parliament on 1st February 2021.

July 30 2019

IRDAI’s mandate to cancel the registration of completely destroyed vehicles is expected to put a check in the cases of fraudulent car registrations.

January 19 2016

Following IRDAI guidelines, insurers are required to report the ownership structure of their holding by January 18th 2016.

January 18 2016

Ongoing discussions and innovative proposals are set to transform the insurance industry in 2016, simplifying the process for policyholders while providing them enhanced services.

January 13 2016

Travel insurance sales have almost doubled in 2015 as compared to 2014, due to rising global calamities.

January 04 2016

With natural disasters resulting in higher motor insurance claim amounts, insurance companies may revise the premium rates to accommodate the newly identified risks.

December 30 2015

A report released by ICICI Lombard reveals the insurance trends that developed in 2015 and their positive effects on the industry in 2016.

December 24 2015

IRDAI has drifted away from its earlier stand pertaining to regulations regarding reinsurance companies. This change might prompt certain global reinsurance companies to rework their strategy to open branches in India.

December 01 2015

Handwritten passports will no longer be valid for international travel with effect from 25th November 2015, as directed by the government of India for its citizens.

November 19 2015

The General Insurance Council (GIC), which is an association of non-life insurance companies in India has decided to put up a database of suspected cheats and frauds.

November 13 2015

A joint study conducted by Assocham-CRISIL states that the government should implement an index based on the insurance penetration and regard it as a measure of financial and social progress.