[ MUMBAI: Aditya Birla Group chairman Kumar Mangalam Birla has set an ambitious target for the financial services arm of the conglomerate to be among the top three players in each of its primary businesses – lending, asset management, insurance, and payments. Birla said this during the launch of Aditya Birla Capital Digital’s new direct-to-customer … Read more
[ Here’s what you need to think about when you shop for smart leak detectors and install them in your home. How do water leak detectors work? Water leak detectors can detect water pooling, and some can also detect water dripping or even humidity rising. Premium water leak detectors monitor the flow of water in … Read more
[ MUMBAI: South African insurer Sanlam has said it will hike its stake in Shriram General Insurance to 50.99% from 40.25% and in Shriram Life Insurance to 54.4% from 42.38%. The insurer would also cut its stake in Shriram Finance from 10.19% to 9.54%.The stake hike in Shriram’s insurance arms will be achieved by purchasing … Read more
[ The First Street Foundation study points out that insurers could offer discounts to homeowners who take steps to fortify their homes, which would help make disasters less damaging. Moore said Florida once was a leader when it came to measures like building codes, although that has changed in recent years. The state also had … Read more
[ Annuities are back on the table for retirement, but savers should act sooner rather than later if they want to nail down one before payouts fall, experts have warned. Annuities offer a guaranteed annual income in retirement. They offer an alternative to drawing down money from a pension pot, which could eventually run out, … Read more
[ MUMBAI: LTIMindtree has signed a MoU with insurance player Eurolife FFH, to establish a genAl and digital hub in Athens and dedicated facilities in Poland and Mumbai. The MoU was signed by LTIMindtree president Sudhir Chaturvedi and Alexandros Sarrigeorgiou, chairman & CEO, Eurolife FFH Insurance Group on Wednesday. As a part of this association, … Read more
[ CHICAGO, Feb. 9, 2024 /PRNewswire/ — Trinity Universal Insurance Company (“TUIC”) and its subsidiaries* today announced that it identified and addressed a data incident. TUIC completed an investigation into an incident involving backup tapes that went missing from a company office that was in the process of moving to another location. These backup tapes … Read more
[ SYDNEY: Asia-focused insurer FWD Group has cut around 50 jobs in its head offices this week, according to two sources with direct knowledge of the matter. The job cuts took place mainly in Hong Kong and Singapore, added one of the sources. The two sources requested not to be identified as the information has … Read more
[ Inheritance tax (IHT) receipts are on course to “break all previous records,” with more experts calling for reform to the UK’s “most hated” tax. HMRC revealed it had received £5.7bn in the nine months between April and December 2023. This intake is £400m more than the same period of 2022 – an increase of … Read more
[ House prices reached a nine-month high in December, reaching £287,105, according to the Halifax house price index. The average price of a home rose by 1.1 per cent last month, the third monthly consecutive rise and means house prices rose by 1.7 per cent, or £4,800, during 2023. This beat previous expectations that house … Read more
