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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.

May 30 2018

Road Ministry issues notification to replace insurance limits in Motor Vehicle (Amendment) Bill, 2016, allowing victims to claim over ₹5 lakh.

May 30 2018

India’s road transport ministry asks IRDA to ensure companies do not issue or renew vehicle insurance unless the owners can produce a PUC certificate.

May 25 2018

There is an increase in the gross premium of non-life insurance by 14 percent at ₹13,880.74 crores compared to April last year.

May 04 2018

The Health Ministry is contemplating to enforce refund of excess premium if the claim ratio of NHPM falls below the threshold of 85%

May 03 2018

The British Standard Institution (BSI) has awarded a Certificate of Compliance to ICICI Lombard – the first Indian company to be certified with the ISO 31000:2018

May 02 2018

Subhash Chandra Khuntia, the new IRDAI chairman will focus on increasing insurance penetration in the country, among other things

April 16 2018

Cognizant has developed a blockchain solution that is expected to provide several benefits to life insurers part of the consortium.

April 15 2018

The Madras High Court has issued notice to the central ministry and the IRDAI following a plea about the disparity in third party insurance premium rates.

April 02 2018

Gross non-compliance among vehicle owners with regards to insurance, prompts SC committee to ask IRDAI to consider mandatory long-term vehicle Insurance