An unprecedented growth of over 200% is likely to be seen in Indian insurance business by 2009-10 in which private insurance business would grow @ 140% in view of aggressive marketing technique adopted by them as against 35-40% of state owned insurance companies growth rate, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).  The Chamber expects the total insurance business reaching a level of Rs.2000 billion in next 2 years from current level of Rs. 500 billion.

Agencies: An estimated loss of over 15 billion rupees has occurred in the last two weeks, due to continued agitation in J&K area, as per information from the Associated Chambers of Commerce and Industry of India.

New Delhi: A new research report, “Poland Insurance Market Forecast (2008-2012)”, by RNCOS says that the gross life insurance premium in Poland is expected to surge at a CAGR of nearly 23.4% during 2008-2012.

New Delhi: RNCOS has recently added a new Market Research Report titled, “South African Insurance Industry Forecast till 2012” to its report gallery. The report provides extensive research and in-depth analysis of the insurance sector in South Africa.

Massachusetts, PRNewswire-FirstCall: The Hanover Insurance Group, Inc. and AIX Holdings, Inc. today announced that they have entered into a definitive agreement through which The Hanover will purchase all of the stock of AIX Holdings.

The Windsor, Conn.-based AIX Holdings is a specialty property and casualty insurance carrier that focuses on underwriting and managing program business, utilizing alternative risk transfer techniques. AIX Holdings has developed general liability, workers' compensation, property, and auto liability programs for a range of well-defined, under-served markets where there are specialty coverage or risk management needs.

Gurgaon: Software providers Cincom Systems and Medical Data Express (MDE) have formed a global alliance to provide improved claims and document accuracy for the health insurance industry.

Most health insurance payers struggle with generating documents that accompany the claims-payment and settlement process. They are also unaware that comprehensive document-generation products are available that easily integrate with the claims disbursement process. This alliance will make document creation, claim testing, and encounter solutions ¯ that check the accuracy of the claims-reimbursement process ¯ more easily attainable for Cincom’s and MDE’s respective network of health insurance clients.

Delhi:  RNCOS has recently added a new Market Research Report titled, "Booming Insurance Market in India (2008-2011)" to its report gallery. With a huge population base and large untapped market, insurance industry is a big opportunity area in India for national as well as foreign investors. India is the fifth largest life insurance market in the emerging insurance economies globally and is growing at 32-34% annually.

New Delhi: The Indian Institute of Management Bangalore (IIMB), a centre of excellence in management, recognized as one of the top 100 management schools in the world, today announced plans for a One-year Full-time Post Graduate Programme in Management, commencing April 1, 2009.