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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.

August 28 2015

The Insurance Regulatory and Development Authority of India (IRDAI) is set to come up with clear-cut guidelines pertaining to management control in insurance firms.

August 27 2015

September 15 onwards, renewing your driving license will become a lot convenient. The Tardeo RTO has implemented a new system wherein the license holder can book an online appointment for any work pertaining to a driving license.

August 24 2015

Heavy rains over past few days have caused flash floods in Assam. Nearly two lakh people in seven districts have been affected. The Brahmaputra is flowing above its danger mark and a flood warning has been issued to all districts.

August 21 2015

According to the National Crime Records Bureau (NCRB), India witnesses 377 deaths and 1,287 injuries per day, due to road accidents. In 2014, 4.79 lakh people sustained injuries from road accidents.

August 19 2015

The total online insurance market size is at `1000 crores in the year 2015, as per reports from the Boston Consulting Group (BCG). While the life insurance segment covers `350-400 crores, motor insurance is worth `300-350 crores and health and travel insurance amounts to `150-200 crores.

August 18 2015

The non-life insurance industry received a boost from the Prime Minister initiated insurance schemes and reflected more than 12% growth during the first quarter of the financial year 2015-16.

August 13 2015

Children who exercise below the age of 13 are more likely to evade the onset of Type 2 diabetes in the future as compared to those who exercise at a later age, reveals recent research.

July 24 2015

On an average, 80 Mumbaikars have died due to heart diseases on a daily basis in 2014-2015. Official records show that heart attacks cause a third of the annual deaths in Mumbai.

July 20 2015

Pricewaterhouse Cooper (PwC) conducted the 'Insurance Banana Skin 2015' survey that polled around 800 insurance practitioners and industry observers in 54 countries.

July 14 2015

The Insurance Regulatory and Development Authority of India (IRDAI), has issued a strict guideline instructing Third Party Administrators (TPAs) to keep out of claims. Several TPA services have been terminated by companies after discovering their fraudulent practices.