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General insurance industry likely to hit Rs 3 trillion of premium in FY24

by AIP Online Bureau | Mar 7, 2024 | Eco/Invest/Demography, Indian News, Non-Life

The Health portfolio, at Rs 90,788 crore, has remained the largest business for the industry till Jan 2024, followed by Motor(Rs74,500 crore) and Crop(Rs 25,549 crore) Mumbai: Propelled by a few private sector and PSU general insurers insurers along with the Health...

SC seeks Centre’s response on PIL seeking palliative care as part of national health programme

by AIP Online Bureau | Mar 7, 2024 | Eco/Invest/Demography, Health, Indian News, Policy

Terming the plea “genuine”, the bench sought the Centre’s response in eight weeks and asked it to file a comprehensive reply stating the existing policy on palliative care in the country New Delhi: The Supreme Court sought the Centre’s response...
Generali CEO Philippe Donnet targets big insurance deals in Europe

Generali CEO Philippe Donnet targets big insurance deals in Europe

by AIP Online Bureau | Mar 7, 2024 | Eco/Invest/Demography, International News, Non-Life

Philippe Donnet,Chief Executive Officer The current takeover planning is focused on Generali’s core European markets and is considering mainly share-based deals, rather than cash. Other targets on its radar include Aegon Ltd, Ageas SA, Baloise Holding AG, Ergo Group,...
Ship evacuated after first civilian fatalities in Houthis’ Red Sea attacks

Ship evacuated after first civilian fatalities in Houthis’ Red Sea attacks

by AIP Online Bureau | Mar 7, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

War risk insurance rates have already reflected the sinking of the Rubymar cargo ship, days after being hit by a Houthi missile on Feb 18, and the first fatalities from the True Confidence, said Munro Anderson, head of operations at marine war risk and insurance...

Passenger vehicles industry estimated to grow up to 9% this fiscal: ICRA

by AIP Online Bureau | Mar 7, 2024 | Data, Eco/Invest/Demography, Non-Life

The utility vehicle (UV) segment continued to expand led by a shift in customer preferences coupled with a slew of product launches. Mumbai: The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the...
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