by AIP Online Bureau | May 21, 2022 | Indian News, Non-Life, Technology
Vijay Shekhar Sharma, managing director, One97 Communications Initially, One97 Communications (OCL) will hold a 49 per cent stake in PGIL while the rest 51 per cent stake is to be owned by OCL’s managing director Vijay Shekhar Sharma-led VSS Holding Private...
by AIP Online Bureau | May 16, 2022 | Indian News, Non-Life, Regulation
Vijay Shekhar Sharma, founder and CEO, Paytm The company in the exchange filing said, ”Our associate company, Paytm Insuretech Private Limited, had entered into a share purchase agreement to acquire 100% of Raheja QBE General Insurance Company Limited. As the...
by AIP Online Bureau | Apr 27, 2022 | Indian News, Non-Life
The combined ratio across the industry deteriorated to 119% in 9M FY2022 from 112% in 9M FY2021 with increase in health claims Covid claims accounted for 6% of the total number of health claims paid in FY2021 and are expected to form around 11-12% of the total number...
by AIP Online Bureau | Apr 11, 2022 | Indian News, Non-Life, Reinsurance
Thanks to Covid-19 Pandemic and stagnant motor third party premium for the last two years, for the first time in the history of Indian general insurance industry, in FY 2021-22, Health portfolio has replaced Motor business as the largest segment in the industry Though...
