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IRDA forms Ritesh Kumar panel to study long-term products in Property (Dwelling), Motor and Health Insurance

IRDA forms Ritesh Kumar panel to study long-term products in Property (Dwelling), Motor and Health Insurance

by AIP Online Bureau | Sep 21, 2022 | Health, Indian News, Non-Life, Reinsurance

The new WG will examine framework surrounding the products in general insurance including Health Insurance segment for other than annual policies and for uniformity in the approach to be followed Some of the other members of WG are-Neeerja Kapur, CMD, New India...

General insurance industry’s premium grow 12% to Rs 24,471 crore in Aug

by AIP Online Bureau | Sep 8, 2022 | Health, Indian News, Non-Life

Gross premium underwritten by general insurance companies has gone up by 18.57 percent to Rs.102,357 crore during the five months ended August 2022 The market share of private players also increased to 50.23 percent during the period from 47.90 percent a year ago...

General insurance industry’s premium rise by 23% to Rs 54,492 crore in Q1Fy 20222-23

by AIP Online Bureau | Jul 6, 2022 | Health, Indian News, Non-Life, Reinsurance

The four PSU multiline general insurers -New India Assurance, Oriental Insurance Company, United India Insurance, National Insurance Company- have further lost around four per cent of their market share to private sector competitors in Apr-June period. Mumbai:...
Paytm forms general insurance JV without any external partner; to invest Rs 950 cr in 10 years

Paytm forms general insurance JV without any external partner; to invest Rs 950 cr in 10 years

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...
Paytm forms general insurance JV without any external partner; to invest Rs 950 cr in 10 years

Paytm drops plans to acquire Raheja QBE General, to file for a new general insurance license

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...
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