India eyeing creation of P&I insurance club

spike

The Insurance Regulatory and Development Authority of India (IRDAI) is discussing the possible creation of a protection and indemnity (P&I) club in the Indian marine insurance market.

The regulator is in talks with the Indian National Shipowners Association (INSA) regarding the move, which will boost the country’s marine insurance market, as revealed during the 2021 Maritime India Summit on March 02, The Hindu Business Line reported.

Marine insurance makes up around 2% of gross domestic premiums in India, and the national regulator has been planning to create a homegrown P&I club for several years now.

Another potential move that

Read More

Business News &Inventory Quotes

spike

As we speak, even the sector of dentistry is rich in artistic entrepreneurs who actively create and introduce items and providers that may seem cool and unusual to you. Wedding ceremony photographers command premium charges. In any case, you might be capturing one in every of a couple’s most necessary life moments, making it a really lucrative side enterprise concept. Many professional marriage ceremony photographers charge between $2,500 – $10,000 ( or more ) to shoot a wedding, so it’s practical that this aspect enterprise idea might shortly blossom into becoming a full-time endeavor with the appropriate happy clientele base … Read More

Singapore life insurers elect new set of officers

spike

The remaining management committee members are: Jean Drouffe (AXA), Raymond Ong (Etiqa) and Andrew Yeo (NTUC Income).

According to LIA Singapore, this year’s management committee will focus on boosting consumer protection, sustainability and digitalisation in the industry, as it seeks to assist Singapore’s recovery from the effects of the COVID-19 pandemic.

To ensure the utmost security of customer data, LIA Singapore said it will continue to work closely with the Monetary Authority of Singapore (MAS) and other regulators to develop and strengthen industry best practices. The association will also prioritise the upskilling and reskilling of workers as insurers meet increased

Read More

Infographic: Credit card killer? The rise of BNPL

spike

The hype train for buy now, pay later (BNPL) continues to pick up steam as consumers seek shopping alternatives during the pandemic – could this emerging payment option be a credit card killer?

While flexible payments are something that all generations can get behind, younger consumers in particular are drawn toward simple payment processes and behavioural shifts away from traditional credit cards.

As a way to better understand usage, experiences, and trust surrounding BNPL, The Strawhecker Group (TSG) surveyed over 1,500 US consumers in February. Check out some highlights below and download the infographic to get a better understanding of

Read More