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how banks must use insurance to cover risks




the indian banking sector has been attracting lot of public attention of late. be it the recent fraud reported at a major public sector bank, npa resolution, the need for recapitalisation and the impact on fiscal deficit or rising cyber-crime. but before we look into various risk issues, let me make...



vehicle insurance: third-party cover is essential but may not be sufficient




recently, the insurance regulatory and development authority of india (irdai) directed insurance companies to make third-party (tp) motor insurance plans easily available to customers. tp insurance cover is mandatory for all vehicles and someone who does not have one can be detained until such time ...



did you know? home insurance also covers valuables inside bank locker




a few days ago, thieves stole valuables worth rs 2.8 crore from the lockers of a bank of baroda branch. usually, individuals keep valuables in bank lockers as they consider it safer than keeping them at home.  however, banks do not take any responsibility if valuables are stolen from the lockers. ...



cba to repay 65,000 customers about $10m for unsuitable insurance




commonwealth bank will refund more than 65,000 customers a total of about $10 million after selling them unsuitable insurance when they applied for credit cards.the australian securities and investments commission (asic) on monday said cba sold creditcard plus insurance for credit card repayments...



fewer australians are taking up health insurance each year, new data shows




after 10 years of enduring health insurance premium price hikes, the hannah family of elermore vale in newcastle is on the verge of dumping their policy.alisha and patrick hannah, who have had three daughters in that time, are struggling to live within their budget, despite downgrading to a "basic" ...



lic may get irdai breather on 15% investment cap in public sector banks




insurance sector regulator is open to allow life insurance corporation of india (lic) to increase its stake beyond the 15 per cent ceiling in public sector banks (psbs). the move is to give a boost to the government's recapitalization plan, an initiative to help banks tackle bad loan woes and revive...



the ultimate guide to horsebox insurance




deciding what horsebox insurance you need might fill you with dread, but here's everything you need to know to get you up to speed before you sign on the dotted lineinsurance for a horsebox is a legal requirement and there are a number of policy options depending on the type of vehicle and how you u...



bs insurance round table 2018: govt's health scheme needs realistic pricing




actuarial pricing will make the government’s national health protection scheme (nhps) sustainable in the long run, said panellists at the business standard insurance round table held on thursday. discussions around the health insurance scheme were the major talking point at the round table, consid...



no pensions, no insurance, but freelancers are positive about the future




most zzp’ers rely on a single contractor. photo: depositphotos.comthey may not have insurance or pensions, but self-employed workers are a happy lot, according to the latest findings from the national statistics office cbs.a report published on tuesday found that 80% of self-employed sole trader...



ecb bad-loan rule to have an impact on local banks | business




standard & poor’s has singled out italian, greek and portuguese banks as the most affected by new european central bank rules concerning impaired debts. the credit rating agency said on monday that the rules could hit italian banks particularly hard and lead them to cut lending to businesses. the...



weak fire safety may lead to higher premiums: uk insurers after grenfell




insurers are considering raising premiums for tall buildings in britain with flammable cladding panels and no sprinklers or even excluding related risks following the grenfell fire in london earlier this year. inquiries into the tragedy, which killed up to 80 people in the 24-storey social housing b...



discrimination against women in insurance cover: industry leaders




as a flood of insurance companies tap the capital markets with public issues, there is however, hardly any reference to this asymmetrysubhomoy bhattacharjee  |  new delhi  last updated at october 21, 2017 22:04 isthttp://mybs.in/2uzdlhs women have limited options when it comes to choosing an insu...



new year's bonanza: use discounts to enhance your insurance cover




private insurance companies such as bajaj allianz general insurance and icici lombard general insurance have reduced premium rates for the private car segment by 5-15 per cent. several more may follow suit in the coming days. insurers say they have reduced the premium due to the rolling out of the g...



insurance vital, but no magic bullet to fight drought in africa - malawi




"people think sometimes that insurance is the solution for everything. it is not correct"by alex whitinglondon, march 6 (thomson reuters foundation) - more developing countries urgently need insurance to cushion their farmers against weather extremes that can worsen poverty, but it is no magic bulle...



4 phone insurance options that are (much) cheaper than your carrier




if you have a top-tier flagship smartphone, there’s a good chance you paid somewhere between $600 and $800 for it…or more. that’s a fairly substantial sum, and the reason why many find it hard to turn down their carrier’s monthly phone insurance. that insurance, though, adds up on its own, t...



letter to bs on frdi bill and increase in deposit insurance coverage




once the financial resolution and deposit insurance (frdi) bill is passed, the resolution corporation will take over the functions of deposit insurance from the deposit insurance and credit guarantee corporation (dicgc), a subsidiary of rbi. the rbi has, till date, by and large, ensured no loss to t...



banks were warned thrice against misuse of swift: rbi




amid the multi-agency probe into india's biggest banking scam, rbi on tuesday said it had "confidentially" cautioned banks thrice since august 2016 on the risks arising from malicious use of swift system, and has decided to set up a panel to look into the rising incidence of frauds.state-owned punja...



big dutch banks lose more ground in mortgage market




photo: dutchnews.nlthe big three dutch banks abn amro, ing and rabobank now have 50% of the dutch market, down two percentage points on the first quarter of the year, according to research by ig&h consulting.it is the third quarter in a row that the big three combined have lost market share, althoug...



review insurance portfolio every year




raise the amount of life cover you own if your liabilities and responsibilities have increased during the yeararvind a rao  last updated at december 10, 2017 00:59 isthttp://mybs.in/2ub6p6r with 2017 drawing to a close, it is time to carry out an year-end review of your personal finances. both inve...



forget the banks – health insurance makes them look like amateurs




more australian than hot summers and bagging cricket selectors is the habit of criticising the big four banks' "outrageous" profits.forget the banks, they're relative amateurs. if you want outrage, check out the private health insurance rip-off as demonstrated by nib and medibank.what is wedshed?vid...



dutch underestimate funeral costs, don't know what their insurance covers




photo: depositphotos.comsome two-thirds of the dutch have an insurance policy to cover the cost of their funeral but most don’t know what they are actually getting or what the true cost of a funeral is, family spending institute nibud said on wednesday.around half of funeral policies are not large...



central bank warns health insurers: top-up policies are at risk




health care costs.dutch health insurance companies must continue to modernize their operations and risk management to ensure their long-term solidity, the central bank said on tuesday.in particular, the future of top-up policies, which cover treatment not included in the government-determined basic ...



insurance coverage for ct colonography increases likelihood of screening




oak brook, ill. - people with insurance policies that cover ct colonography for colorectal cancer screening are almost 50 percent more likely to get screened than those whose policies don't cover the procedure, according to a new study appearing online in the journal radiology.colorectal cancer kill...



uber offers insurance to us drivers, but only in certain states (updated)




"uber is not making any money off of this," uber's head of safety and insurance gus fuldner told pennlive. "we believe drivers should have a low-cost option for protecting themselves and their families from rare and unpredictable accidents that prevent them from working."the maximum payout is $1 mil...



a hurricane shouldn't bankrupt your insurance company.




when a storm puts a tree branch through your roof, or a flood damages your foundation, you turn to your insurance company to pay for the repairs. and when it's only one, or two, or even 10 claims, insurance can cover the costs, no problem. but when it's an entire city? an entire state? the price of ...