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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.

May 26 2015

According to data provided by General Insurance Council (GIC), Delhi has emerged number one in insurance density and insurance penetration, while Maharashtra tops the list in generating non-life premium for the year 2013-14.

May 20 2015

A recent study conducted by ICICI Lombard and Google India has revealed that the online medium is playing a critical role in the purchase of non-life insurance products. To leverage this opportunity, ICICI Lombard has decided to focus on its online platform to increase business.

May 15 2015

Contradictory to the general perception, insurance seekers in non-metros are also exploring the online option to purchase insurance products.

May 11 2015

Indian insurance companies are expected to invest close to `130.4 billion on IT products and services this year. This amounts to a 10.4% increase in IT expenditure over the previous year.

April 28 2015

Insurance Regulatory and Development Authority of India (IRDAI) is in the process of ensuring that insurance companies provide the insured with an electronic version of new insurance policies.

April 27 2015

After succumbing to the country's worst earthquake in 80 years, Nepal is now trying to recuperate from the losses faced in past two days. Property, Life and Motor insurance companies have begun their loss assessment survey.

April 16 2015

As per Insurance Regulatory and Development Authority of India's (IRDAI) amendments to the Insurance Surveyors and Loss Assessors regulations last week, the claim limit for mandatory availing Surveyor and Loss Assessor service has been hiked.

April 15 2015

As per a recent Insurance Regulatory and Development Authority of India (IRDAI) directive, there has been a hike in the claim amount required to avail Insurance Surveyor and Assessor Services.