AXA XL, a leading global insurance and reinsurance provider, has announced the addition of three new members to its Energy team in the UK & Lloyd’s Business Unit. The new appointments are expected to further enhance the team’s capabilities in the energy insurance market. Josephine Stroud, who has been appointed as Senior Underwriter for Energy…
Non-life insurance industry sees robust growth of 16.4% driven by health and motor insurance, according to industry report. The non-life insurance industry in India has been experiencing robust growth, with the health and motor insurance sectors driving the demand. In FY23, the industry witnessed an impressive growth rate of 16.4%, surpassing the previous…
When it comes to filing an insurance claim for vehicle theft with an insurance company, it is generally recommended to file the claim as soon as possible after the incident occurs. Most insurance companies require policyholders to report a theft claim within a certain time limit, which can vary depending on the specific insurance policy…
Life Insurance Corporation of India (LIC) has recorded a growth of 16.67% in total premium collected for fiscal year 2022-23, reaching a total of ₹2.32 trillion from ₹1.99 trillion in the previous fiscal year. This makes LIC the largest insurance company in India, with a market share of over 62%. The private insurance sector has…
[ad_1] Summer is a great time to plan a vacation and explore new destinations. Whether you are travelling within your own country or abroad, it is essential to be insured against unforeseen events that can quickly deplete your funds. That’s where travel insurance comes in. In this blog, we will delve deeper into what travel…
Summer is a great time to plan a vacation and explore new destinations. Whether you are travelling within your own country or abroad, it is essential to be insured against unforeseen events that can quickly deplete your funds. That’s where travel insurance comes in. In this blog, we will delve deeper into what travel insurance…
The Standard Fire and Special Perils (SFSP) policy is an insurance policy that provides coverage for damage or loss caused by fire and special perils such as floods, earthquakes, and storms. While this policy is generally taken for a period of one year, there may be situations where a short-term policy is needed, and the…
[ad_1] Air India and its subsidiary, Air India Express fleet, have chosen Tata AIG General Insurance and other insurance companies to offer insurance coverage amounting to $10 billion. The national carrier will be charged a premium of $30 million (Rs 246 crore) for the upcoming financial year starting from April 1, which remains unchanged from…