Insurance Sector

Galileo inks pact with Future Generali for travel insurance market

Galileo inks pact with Future Generali for travel insurance marketGalileo, the leading Global Distribution System (GDS), has joined hands with Future Generali to offer best insurance products to the travellers to make travel as convenient as possible.

Galileo's tie up with Future Generali is in line with the company's commitment to launch and introduce value added propositions for the travel agents. The company through its product 'Future Generali Travel Suraksha' will provide risk cover for contingency expenses during overseas travel like medical expenses, financial, and other losses incurred while traveling.

Bharti AXA General Insurance Start Operation In India

Bharti AXA General Insurance, the latest entrant in the general insurance Bharti AXA General Insurance Start Operation In India business, has finally launched its business operations in Indian market.  

The company will offer products to cover property, motor, health, personal accident across rural, urban and commercial segments (Large Corporate, Medium enterprises and Small enterprises).

Bharti AXA General Insurance received the certificate of registration from the Insurance Regulatory Development Authority (IRDA) on July 27, 2008.

Munich Re holds dividend steady despite earnings slump

Munich - The giant German insurer Munich Re said Wednesday it was holding its dividend steady despite investment write-downs leading to a 47-per-cent slump in second-quarter earnings.

The Munich-based reinsurer said net profit in the three months to the end of June fell to 599 million euros (929 million dollars) compared to 1.14 billion euros a year ago.

Last month, the group said the shake-out in global financial markets sparked by the US subprime mortgage-sector crisis meant it could miss its 2008 earnings forecast.

However, the reinsurer said its 2008 dividend would remain at 5.50 euros a share.

Bharti AXA Life Insurance Launches Its 100th Branch In India

Bharti AXA Life Insurance Company has announced that it has launched its Bharti AXA Life Insurance Launches Its 100th Branch In India100th branch in India, at Delhi.

In order to strengthen branch network in Northern India, the company is also launching operations in Ghaziabad and Faridabad.

Bharti AXA Life Insurance has diversified its business footprints in large and small cities and towns.

The multi-channel distribution spread of Bharti AXA Life consists agents, corporate agents and brokers, bancassurance and telcassurance.

Aviva Life Insurance inks pact with McDonald’s

Aviva Life Insurance, the world’s fifth largest insurer has tied- up with Aviva Life Insurance inks pact with McDonald’sMcDonald’s, one of the leading fast food chains in India, to promote its new marketing initiative Tension Chhodo Cricket Khelo (TCCK).

TCCK is a unique mass activation campaign conceptualized by Aviva, which is based on the insight that parents these days being so occupied with securing their child’s future that they miss out on enjoying their childhood today.

Shriram makes foray into general insurance

Shriram Group of Chennai has decided to step into general insurance Shriram makes foray into general insurance

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