The non-life insurance industry has decided to contract out resolution of accidental reimbursement claims to a central body to lessen losses bobbing out of large awards.
The central agency, which is the General Insurance Corporation’s subdivision, services all reports for payment owing to accidents caused by commercial vehicles. The regulator has been directed the industry to pool all gains or losses getting up motor third-party liability insurance.
Insurance Regulatory and Development Authority stated that the motor insurance pool will get into effect from April 1 and will be applicable to all commercial vehicles that would include all vehicles makes and classes.

Prudential ICICI Mutual Fund has been assigned a new name ‘ICICI Prude

All is set for the Technology and Software giant, IBM to launch a multimedia web browser for visually impaired. Using this web browser, they can access web video and audio. This software for visually impaired, codenamed the Accessibility Browser or A-Browser is created by Dr. Chieko Asakawa, who has been blind since age 14 and is a senior researcher at IBM’s research laboratory in Tokyo. Blind and partially-sighted people will get the unbelievable control over multimedia application using a keyboard to control media player software.

ICICI Property prepared a report, India Retail Real Estate The Road Ahead, that says the total real estate requirement of the future organized retail chains will be far more than the construction i

Arecent Public Interest Litigation, filed by an NGO called
‘Sanrakshak’, in the Supreme Court has requested the court to direct

Interchanging fixed rate loans to floating rates or vice versa is done to claim benefits of the change in interest rates or to protect from the interest rate changes.