Page 5 - Insurance Times Janaury 2021

General Insurance News

Deaths due to parked Haryana (353). During 2019, Punjab Anviti into the Aon world as we
reported the second highest number of continue to help Indian businesses
vehicles doubled in last 3 such deaths (647) followed by Haryana prepare for the new better. We have
years (330). strong capabilities in India and have
The number of persons killed due to established trusted advisory
collisions with parked vehicles on roads Muthoot Finance ties up relationships since we started
in Delhi has more than doubled in the with Bajaj Allianz operations in 2017. I look forward to
past three years - from 2,317 in 2017 building upon this platform and
Muthoot Finance has tied up with Bajaj
to 5,086 last year. The state police accelerating results for our clients,
departments started collating this Allianz General Insurance to provide colleagues, and communities." He will
data from 2017 onwards. insurance on gold jewellery as part of continue to head the team.
their new initiative, Muthoot Gold
The increase in fatalities due to parked Shield. The policy provides insurance Anviti is a composite insurance broker
vehicles in the middle of a busy road coverage of gold jewellery for delivering insurance and reinsurance
have once again highlighted the dire broking services to corporate clients in
individuals. This is designed to provide
need for a robust highway patrol or insurance coverage of gold jewellery India. The company delivers technology
police system. A deadly accident on led insurance broking solutions in the
articles for customers of the company
the national highway connecting at the time of closure of gold loans and commercial insurance broking market
Prayagraj and Lucknow in UP claimed and is promoted by Catamaran, the
14 lives, including six children, after an release of gold ornaments. The policy proprietary investment firm of Mr N.R.
SUV rammed a truck parked on the covers burglary, robbery, theft from Narayana Murthy and Mrs Sudha
side of the highspeed corridor insured person's home, loss-in-transit Murty.
immobilised by a punctured tyre. and 13 other disasters (natural
calamities). Catamaran is a stage and sector
According to the road transport agnostic diversified investment firm
ministry's Road Accidents in India' that creates, partners with and invests
report, UP reported maximum number Aon buys 49% in Catamaran- in differentiated, innovative businesses
of such deaths since collection of data owned Insurance Broker globally.
under this head started. Last year, Aon, is re-entering insurance broking in
1,223 people were killed in such India with acquisition of 49% stake in CEO of Aon Asia-Pacific, Sandeep Malik,
crashes in UP. In 2018, the number of said - "I welcome the Anviti team to
Catamaran-owned insurance broker -
people killed in crashes with parked Anviti Insurance Brokers. the Aon family. We are excited about
vehicles stood at 1,299. The data the innovation that Aon can bring to
compiled on the basis of reports from The deal is subject to regulatory our clients in India, create exciting new
state police shows that in 2018, approvals. Speaking on the opportunities for our colleagues and
Gujarat reported the second highest developments, Jonathan Pipe, CEO, realise the full potential of our firm in
such fatalities (478) followed by Anviti, said - "I am excited to transition a dynamic market.
The Insurance Times, January 2021 5