by AIP Online Bureau | Jul 16, 2025 | Indian News, Non-Life, Reinsurance
“Large-scale irregularities came to light (in the previous scheme). Some insurance companies indulged in irregularities. So a decision had to be taken. So far, crop insurance companies have earned profits of Rs 10,000 crore,” Maharashtra Agriculture...
by AIP Online Bureau | Jul 15, 2025 | Workplace/Employee Benefits
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by AIP Online Bureau | Jul 15, 2025 | Health, Indian News, Non-Life, Reinsurance
The insurer’s Combined Ratio, a key metric that compares claims and expenses to premium income, worsened to 102.9% in Q1FY26 from 102.3% a year ago though, there is fall in the underwriting losses of the company from Rs 346 crore in Q1 FY 25 to Rs 293 crore in...
by AIP Online Bureau | Jul 15, 2025 | Eco/Invest/Demography, Indian News, Life
ICICI Prudential Life Insurance MD and CEO Anup Bagchi said, “We reported a total premium growth of 8.1 per cent year-on-year in Q1 FY2026 on the back of our extensive distribution and comprehensive product suite”. New Delhi: ICICI Prudential Life...
by AIP Online Bureau | Jul 15, 2025 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management, Technology
“As part of enforcement function, to decide on the violations observed as regards the provisions of Insurance Act and Regulations issued there under, with respect to certain Insurers/Insurance Intermediaries, panels of Whole-Time Members were formed,”...
