Insurance Illusion: A recent survey conducted by InsurTech platform CoverSure has brought to light a startling revelation: 79% of Indian policyholders are unsure whether their current insurance policies offer adequate coverage. Released ahead of National Insurance Awareness Day on June 25, the survey draws attention to a growing crisis of insurance illiteracy and under-insurance in…
Consumer Panel Bars Loan Recovery from Widow: In a landmark decision that upholds the rights of consumers and promotes accountability among financial institutions, the Tirunelveli District Consumer Disputes Redressal Commission has barred Cholamandalam Investment and Finance Company Ltd. from recovering a ₹15 lakh loan from a 55-year-old widow. The loan, originally taken by her now-deceased…
SBI Card Major Policy Update: In a significant shift affecting lakhs of SBI credit cardholders, SBI Card has announced crucial changes to its credit card policies, effective from July 15, 2025. These updates mark the discontinuation of complimentary air accident insurance for several premium and co-branded cards, along with a revamped structure for minimum due…
Govt to Bring Open Architecture for Individual Insurance Agents: In a significant move towards liberalizing and modernizing India’s insurance sector, the Indian Government is all set to introduce an open architecture model for individual insurance agents. The proposal comes as part of the upcoming Insurance Act Amendment Bill, aiming to unlock new opportunities and bring…
ZhongAn Online P & C Insurance (HKG:6060) Surges 25%: In recent weeks, ZhongAn Online P & C Insurance Co., Ltd. (HKG:6060) has caught the eye of investors with a substantial 25% uptick in its share price. This surge comes after a volatile period where the stock saw fluctuating performance, raising both eyebrows and hopes among…
Women-Specific Insurance Products Witness Steady Growth in India: India is undergoing a transformative shift in how women access and perceive financial security, especially through women-specific insurance products. As more women become financially independent, their demand for tailored financial protection has grown significantly. Insurance companies have taken note, introducing a wide range of products designed specifically…
Gulf Tensions & Marine Insurance: Rising geopolitical tensions in the Gulf—particularly around the Strait of Hormuz—are significantly reshaping the landscape of marine insurance. The recent conflict triggered by US airstrikes on Iranian nuclear facilities has sparked fears of Iran retaliating by blocking the Strait of Hormuz, one of the world’s most vital oil and shipping…
General Insurance Corporation of India Q4 Results: The General Insurance Corporation of India (GIC Re), a premier reinsurance company, reported its financial results for the quarter ended March 2025. The corporation witnessed a modest decline in its consolidated net profit by 3.16%, clocking in at Rs 2,498.86 crore compared to Rs 2,580.42 crore in the…
Arthur J. Gallagher SWOT Analysis: Arthur J. Gallagher & Co. (NYSE:AJG) is a powerhouse in the global insurance brokerage and risk management landscape. Headquartered in Illinois, AJG has built a strong reputation over the decades for delivering customized insurance solutions across commercial, employee benefits, and reinsurance verticals. The company has experienced consistent growth, driven largely…