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Insurance JVs between Generali and Central Bank unveil a new brand

Insurance JVs between Generali and Central Bank unveil a new brand

by AIP Online Bureau | Aug 4, 2025 | Indian News, Life, Non-Life

Rob Leonardi, Asia Regional Officer, Generali, said, “India has long been a strategic market for Generali and our joint venture with the Central Bank of India reflects the potential we see today and for the future. The synergies between our two organisations are...
FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions

FSIB recommends 5 GMs from 2 PSU re/insurance cos for ED promotions

by AIP Online Bureau | May 16, 2025 | Indian News, Non-Life, Regulation, Reinsurance

The five names are- Jayashri Balkrishna, GM, GIC Re for GIC-Re, Amandeep Singh Grover, GM, National Insurance Company(NIC) for Oriental Insurance Company(OIC), Anjana Saxena, GM, NIC for OIC, Sanjay Lalla, GM, NIC for Agriculture Insurance Company(AIC), Mini George,...
Wage Revision: Meeting among GIPSA, DFS and unions of 6 PSU general insurance cos postponed to Apr 30

Wage Revision: Meeting among GIPSA, DFS and unions of 6 PSU general insurance cos postponed to Apr 30

by AIP Online Bureau | Apr 27, 2025 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

On Sunday afternoon, GIPSA had informed the unions that the meeting has been postponed due to an urgent engagement of DFS officials New Delhi: Disappointing 35,000 work force of the PSU general insurance industry, the much awaited meeting among all the stake holders...
Singapore general insurance premium rises by 6.3% to S$10.8 billion in 2024, Underwriting profit grows by 5.6% to S$642.31 million

Singapore general insurance premium rises by 6.3% to S$10.8 billion in 2024, Underwriting profit grows by 5.6% to S$642.31 million

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,...
Status Quo: IRDAI retains general insurers’ Obligatory Cession for GIC Re at 4% in FY26

Status Quo: IRDAI retains general insurers’ Obligatory Cession for GIC Re at 4% in FY26

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...
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