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MUMBAI:  With a view to improve transparency in reinsurance contracts, the sectoral watchdog Irda today said that it is planning to introduce an electronic re-insurance platform for insurers.   http://economictimes.indiatimes.com//articleshow/11965837.cms   "We are going to come out with re-insurance platform for both local and foreign re-insurers,"...

General Insurance Premium May Double To Rs 1 Lakh Crore By '15, Says Pranab Mukherjee   NEW DELHI:  Finance Minister Pranab Mukherjee on Saturday said the annual general insurance premium collection could double to Rs 1 lakh crore in the next three years on the back of rising insurance penetration and disposable income.   ...

CERS Intervenes In Medical Insurance Logjam    Place : Ahmedabad   Jyotsna Patel will be paid more than the assured sum of Rs 1 lakh by United India Insurance which had previously denied her claim after her husband Ambalal succumbed to a head injury.   In a similar case, Himanshu Barot was also denied insurance money after the death of his wife Jagruti, who died of blood...

Oriental Insurance, National Insurance Need Rs 1,000 Crore As Motor Pool Strains Solvency     Place : Mumbai   The government may have to invest 1,000 crore in two non-life insurance companies - Oriental Insurance and National Insurance - to make up for provisioning requirements towards third-party motor pool by March, said two people close to the development.   Of...

Norms For Mfs, Insurers Participation In Preference Issues Eased  Place : New Delhi   "It has been decided to exempt insurance companies and MFs from the provisions of SEBI (ICDR) Regulations relating to sale and lock-in of their pre-preferential shareholding in the issuer company," SEBI chairman UK Sinha said after a board meeting on Sunday   Market regulator...