Growth in average commercial lines premiums has picked up again in the third quarter of 2024, following a slow-down in the first half of the year, according to the latest Acturis Commercial Broking Index. Ida Axling reports. Fleet and property owners have continued to be the most significant movers within the Acturis Commercial Broking Index, … Read more
The Reserve Bank of India’s recent regulatory measures on lending were necessary to address lax practices, according to KV Kamath, Chairman at Jio Financial Services. The steps taken by the central bank were ‘warranted’, given that lending standards were becoming loose in certain segments, he noted. Kamath also highlighted that some players failed to utilise … Read more
A nail-biting wait for the appointment of the RBI Governor ends as the government announces that current revenue secretary Sanjay Malhotra will be the next governor of the Reserve Bank of India (RBI). Company Value Change %Change Malhotra comes with rich experience and thorough knowledge of government cash flows that he would have gleaned as … Read more
Allianz Commercial chief distribution officer Nick Hobbs is intrigued by Aviva’s Probitas deal, bemoans the continued presence of underinsurance and hopes that the term ‘insurer service’ is consigned to the clickbait dustbin. What has been your insurance/broking related highlight of 2024? From a market perspective my (a little self-worthy) highlight has been the way colleagues … Read more
Union Education Minister Dharmendra Pradhan has asserted that India will become a USD 30 trillion-economy by 2047. Company Value Change %Change Delivering a lecture at the concluding function of XLRI-School of Management’s year-long platinum jubilee celebration here on Saturday, Pradhan said that India, the fastest-growing global economy, is currently in the fifth position and will … Read more