by AIP Online Bureau | Mar 25, 2025 | International News, Non-Life, Reinsurance
“The general insurance sector is operating in an increasingly complex and fast-evolving risk environment. From climate-related disasters to rising medical costs and economic volatility, insurers today must navigate a rapidly changing landscape,” said Mr. Ronak Shah,...
by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Regulation, Reinsurance
The percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC Re), will be 4% (four percent) during the financial year beginning from 1st April, 2025 to 31st March, 2026, except the terrorism premium and...
by AIP Online Bureau | Jan 7, 2025 | Eco/Invest/Demography, Indian News, Non-Life
In the first nine months(Apr-Dec) of FY 23-24, the industry has grown by 7.83 per cent year on year(y-o-y) to Rs 2.30.181crore Mumbai: Post segregation of long- term business from monthly premium figures, the general insurance industry has slowed down a bit in...
by AIP Online Bureau | Nov 12, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
In a note worthy trend, seven stand alone health insurers have now captured 11.58 per cent of the market share in the general insurance industry in the first seven months of the current fiscal. It was 10.20 per cent in the corresponding period of the last fiscal...
by AIP Online Bureau | Jun 25, 2024 | Indian News, Non-Life, Reinsurance, Technology
Tulsi Naidu, chief executive officer for Asia Pacific There are opportunities to grow in commercial, small and medium enterprise, assurance, auto and general insurance, Naidu said, noting the business has already recorded growth of 40% “over the past few years.”...
