IRDAI last week extended the ‘use and file’ procedure for most of the life insurance products, thereby allowing insurers to launch new products without prior approval of the regulator.
Santam estimates that its gross exposure to the KZN floods is around R3.2 billion. It says this "one in 25-year event" was by far the largest natural catastrophe in its history.
Shriram is a name in the ultra-competitive world of financial services. With the Shriram Group consolidating its various finance businesses under Shriram Finance, Founder R. Thyagarajan is bullish about future growth prospects