by AIP Online Bureau | Jan 20, 2023 | Indian News, Life, Non-Life
Torrent Investments had filed a plea seeking the tribunal to quash the lenders’ plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Torrent Investments was the highest bidder offering Rs 8,640 crore Mumbai: The National...
by AIP Online Bureau | Jan 20, 2023 | Indian News, Life
Vibha Padalkar, MD & CEO said,“In Q3 fy2022-23, we grew by 17% in terms of Individual Weighted received premium( WRP). On a year to date (YTD) basis, we grew by 13% leading to a market share of 15.8% amongst private insurers. Our distribution network has...
by AIP Online Bureau | Jan 19, 2023 | Eco/Invest/Demography, Indian News, Non-Life
Under the new policy which is effective from April 1, 2022, the Centre has said states and Union Territories will provide up to 25 per cent tax rebate on road tax for vehicles that are purchased after scrapping old vehicles. New Delhi: From April 1, all vehicles owned...
by AIP Online Bureau | Jan 19, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
“India’s privately-owned insurers, where foreign shareholdings are concentrated, have cut their exposure to high risk assets and have been early adopters of actuarial-led reserve management and risk-based capital management. This has and will continue to...
by AIP Online Bureau | Jan 19, 2023 | International News, Non-Life, Reinsurance
One of the top 10 players in global aviation insurance, AXA XL is pulling back from underwriting risk on so-called war cover, the sources said, reducing options for airline operators or lessors seeking protection against loss or damage arising from warThe retreat by a...
