Niva Bupa Health Insurance Company Limited, a major player in India’s health insurance market, has announced an initial public offering (IPO) set to open on November 7, 2024. The company has set the price band at ₹70 to ₹74 per share, with the IPO comprising a fresh issue of ₹800 crore and an offer for […]
Insurance giant AXA announced today that it has entered into an agreement to acquire Laya Healthcare Limited from Corebridge Financial Inc., a subsidiary of AIG, for a consideration of €650 million. The acquisition, representing an expected price-to-earnings multiple of around 11x, is set to have an impact of -3 points on AXA Group’s Solvency II […]
Bajaj Markets, a subsidiary of Bajaj Finserv, has formed a strategic alliance with Niva Bupa, an Indian health insurance provider, to offer Niva Bupa Health Plus now on its platform. The health insurance provider boasts more than one crore customers and a network of over 10,000 hospitals. The collaboration aims to make affordable health insurance […]
ICICI Lombard, an Indian general insurance company, has introduced a new feature called “Anywhere Cashless” for its health insurance policyholders. The new feature permits customers to use cashless services at any hospital, regardless of whether it’s part of ICICI Lombard’s existing hospital network. The Anywhere Cashless feature is dependent on the hospital’s acceptance of the […]
French multinational insurance company AXA has announced entering into negotiations to acquire Groupe Assurances du Credit Mutuel Espana (GACM Espana) for €310 million in an all-cash deal. GACM Espana is mainly a property and casualty (P&C) and health insurer. AXA will make the acquisition through AXA Spain, which has entered into discussions with Groupe des […]
BSE Ebix Insurance Broking has signed an insurance broker agreement with Life Insurance Corporation (LIC) to distribute the latter’s products on its hi-tech platform. The joint venture of BSE and Ebix Singapore will offer life and health insurance products from LIC to its customers by tapping its omni-channel digital presence. BSE Ebix Insurance Broking said […]
American health insurance giant Humana has wrapped up its previously announced $5.7 billion deal of acquiring full ownership of home health and hospice provider Kindred at Home (KAH). As per the terms of the deal announced in April 2021, Humana acquired the remaining 60% stake it previously did not own in Kindred at Home from […]
US health insurer Anthem has agreed to acquire the Puerto Rico-based subsidiaries of healthcare solutions provider InnovaCare Health for an undisclosed price. The deal will see Anthem acquire MMM Holdings and its Medicare Advantage (MA) plan MMM Healthcare and also affiliated firms and Medicaid plan. Gail K. Boudreaux – President and CEO of Anthem said: […]
Indian insurer SBI General Insurance has introduced Arogya Sanjeevani Health Insurance Policy. which offers hospitalization cover anywhere in India with sums insured in the range of Rs. 1 lakh to Rs. 5 lakhs. The Arogya Sanjeevani policy will also cover the hospitalization treatment cost of COVID-19 and is claimed to help in making affordable health […]
Vericred, a data services company engaged in simplifying the exchange of health insurance and employee benefits data, has launched its Card Scanning API, to enable applications to programmatically identify the provider-network of users from their insurance cards. The health insurance card scanning API solution is claimed to help in solving the tough problem of most […]