Regulator lets insurance companies buy green bonds as infrastructure investments

Insurance Companies - Invest

India’s top industry authority will classify the purchases as an investment into domestic infrastructure. The Insurance Regulatory and Development Authority of India has announced that insurance companies will be permitted to treat their sovereign green bond purchases as the equivalent to making infrastructure investments. The regulator recently released the decision in a circular, including its purpose for making it. In the circular, the regulator said that it made the decision to allow insurance companies to categorize their green bond purchases this way for the purpose of “de-concentration and diversification” of…

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GoDB Tech develops Mobile Insurance POS (point-of-sale) platform for Reliance General

GoDB Tech, a leading software product firm specializing in enterprise mobility solutions, today announced it has led the development of a mobile insurance point of sale (M-POS) application for Reliance General Insurance (RGICL), one of India’s leading private general insurance companies. The M-POS application is presently rolled out on Android devices and is powered by the GoDB Mobility platform, which is already deployed on the existing PC based Offline POS systems at RGICL across the country. The Mobility platform is a state-of-the art Mobile Enterprise Application Platform (MEAP).The platform equips…

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