by AIP Online Bureau | Jun 19, 2024 | Indian News, Non-Life, Reinsurance
`For FY 25, the company is targeting to grow its premium income in a single digit of around 5 per cent to 8 per cent. With continued efforts on claim management initiatives, the company is confident of maintaining the healthy claims ratio and confident of making the...
by AIP Online Bureau | May 31, 2024 | Eco/Invest/Demography, Indian News, Policy
Nearly half of India’s farmland, without irrigation, depends on the annual June-September rains. Regular rains during the monsoon season will also bring relief from the searing heat wave that has seen maximum temperatures cross 50 degrees Celsius (122°F) in some...
by AIP Online Bureau | Apr 18, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Crop insurance has seen a dip in the premium by 4 per cent to Rs 30.715 crore in Fy 24. Mumbai:With a total premium of Rs 1,09,006 crore, showing a growth of 20 per cent, Health Insurance continues to be no 1 portfolio in Rs 2.89 trillion Indian general insurance...
by AIP Online Bureau | Mar 23, 2024 | Data, Eco/Invest/Demography, Policy
“In collaboration with Jal Shakti ministry, we are exploring ways to maximize usage of surface water. For example, if water of a canal is presently irrigating 100 hectare of agricultural land, how can we take it to 150 hectare using various means but same amount...
by AIP Online Bureau | Feb 26, 2024 | Indian News, Non-Life, Regulation, Reinsurance
The action of Malaysian re/insurance broker Confinance in reinsurance transaction caused inconvenience to TATA-AIG in India which could have potential loss to the insurer and to policyholders. It is considered view that the action of Confinance is deliberate and...
