UnitedHealth insurance unit to cut use of prior authorisation process – ET HealthWorld

Bengaluru: UnitedHealth Group Inc said on Wednesday its insurance unit will reduce the use of prior authorisation process by 20 per cent for some non-urgent surgeries and procedures. Under this process, Healthcare providers get coverage approval…

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Women seek health cover specific to gender : Survey – ET HealthWorld

New Delhi: According to a survey of women on health insurance, 93 per cent of those polled believe there is a need for women-specific health insurance plans. The survey also revealed that 65 per cent of…

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Australia’s Medibank gets second class action lawsuit over data breach – ET HealthWorld

Bengaluru: Medibank Private Ltd was slapped with a second class action lawsuit related to its disclosures on its cyber security systems leading up to a data breach last year, Australia’s largest health insurer said on Wednesday.…

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IRDAI’s new rules on commission payments give insurers more flexibility to manage their expenses

The Insurance Regulatory and Development Authority of India (IRDAI) has approved new rules on the payment of commissions to insurance agents or insurance intermediaries by insurers. Under the IRDAI (Payment of Commission) Regulations, 2023, notified on…

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Tycoon Piramal, TPG weighing exit from Shriram General – ET HealthWorld

New Delhi: Billionaire Ajay Piramal and TPG Inc. are considering selling their stakes in Shriram General Insurance Holdings Co., according to people familiar with the matter. Piramal and TPG are jointly working with an adviser on…

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Karur Vysya Bank-SBI Life in bancassurance tie-up in life insurance category

Karur Vysya Bank executed an agreement as an additional bancassurance partner in the life insurance category with SBI Life on Thursday. Bancassurance is an arrangement between a bank and an insurance firm through which the insurer…

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