India markets regulator to restart review of $440 million Digit Insurance IPO

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India's Digit satisfied regulator on compliance-sourcesRegulator accepted clarification on share allotmentIPO review course of set to restart Monday-sourcesDigit taking a look at $440 mln IPO valuing it at $4.5-5 blnMUMBAI, Sept 30 (Reuters) - India's markets regulator will restart a review of a $440 million preliminary public providing of Digit Insurance after the corporate resolved sure compliance points...

Ian will ‘financially spoil’ homeowners and insurers

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Hurricane Ian is anticipated to financially spoil numerous folks in Florida whose properties weren't coated by flood insurance when the storm inundated the area with highly effective ocean surges and damaging downpours. The private monetary losses are a mirrored image of Ian’s depth and the failure of hundreds of thousands of Americans nationwide to purchase flood insurance. The federal...

Hiring in India jumps 13% on-year in September ahead of festive season; IT sector slows down onboarding

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The Indian job market has picked up tempo ahead of the festive season as firms ramp up their operations to satisfy the rising calls for. The Naukri.com JobSpeak report confirmed a 13 per cent on-year development and a ten per cent sequential development in September 2022. The actual property sector has topped the charts in the business. However,...

High-net-worth households expands participation in commerical insurance

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The participation charge of high-net-worth households in business insurance reveals a rise 12 months by 12 months, from 36.4% in 2010 to 61.7% in 2020, in accordance with a white paper launched collectively by insurance large China Life and Peking University's China Social Science Survey Centre. Source link

CarTrade Tech partners CoverStack Technologies for motor insurance technology

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CarTrade Tech, a multi-channel on-line auto platform, has introduced a strategic partnership with CoverStack Technologies, a digital ‘Insurance Infrastructure as a Service’ platform.  Through this partnership, CoverStack Technologies will be capable of provide digital insurance companies on CarTrade Tech’s dealer-oriented platforms. This will assist sellers to make sure their stock seamlessly whereas they deal with their core i.e. promoting...

Expert warns insurance claims after Ian could take longer than expected

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… than sufficient insurance. “I immediately called my insurance company,” Luke … CEO of Neptune Flood Insurance mentioned new Floridians would possibly … the biggest misunderstandings about insurance is that individuals … of your insurance contract, to contact your insurance firm … Source link

145 P&C non-life insurer groups had $1bn in GDWP in 2021: Insuramore

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A brand new evaluation from Insuramore on the worldwide industrial P&C non-life insurance provider market has discovered that 145 insurer groups had gross direct written premiums (GDWP) in this class of greater than $1bn in 2021. The evaluation additionally discovered that simply over half of the highest 200 groups recorded a double-digit enhance in their industrial traces GDWP in...

Insurance: Insurance penetration gains momentum in India

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BENGALURU: The Indian Venture & Alternate Capital Association (IVCA) organized a discussion board to debate, 'Investing into India’s burgeoning Insurance Ecosystem', in Bengaluru on Thursday. The discussion board noticed the participation of many Private Equity, Venture Capital funds and Family Offices take part together with the chairman of Insurance Regulatory and Development Authority (IRDAI) Debasish Panda. “The rapid...

Hurricane Ian Could Worsen Florida’s Strapped Property Insurance Market – NBC 6 South Florida

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Experts are warning Hurricane Ian may worsen Florida’s already strapped property insurance market. Numerous insurance corporations in Florida have closed their doorways in recent times, and most lately six insurers have been deemed bancrupt this 12 months alone. “Florida’s domestic insurance market was extremely volatile before Hurricane Ian hit,” mentioned Mark Friedlander, the Florida spokesperson for the Insurance Information Institute....