by AIP Online Bureau | Mar 7, 2024 | Eco/Invest/Demography, Indian News, Non-Life
The Health portfolio, at Rs 90,788 crore, has remained the largest business for the industry till Jan 2024, followed by Motor(Rs74,500 crore) and Crop(Rs 25,549 crore) Mumbai: Propelled by a few private sector and PSU general insurers insurers along with the Health...
by AIP Online Bureau | Feb 23, 2024 | Indian News, Non-Life, Regulation, Reinsurance
The IRDAI, after consultation with the Advisory Committee, and with the previous approval of the Central Government has taken the decision that the percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC...
by AIP Online Bureau | Jan 5, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life
In a move that supported the growth of the industry, New India Assurance(NIA), the country’s largest general insurer, after lying low with a single digit growth for the last few quarters, has expanded its topline by 14.47 per cent to Rs 4,070 crore in the month...
by AIP Online Bureau | Dec 31, 2023 | Articles, Eco/Invest/Demography, Health, Non-Life, Policy, Regulation, Risk Management, Technology
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance The IRDAI initiated the journey towards adopting IFRS 17 and implementing risk-based supervision and capital frameworks. Looking ahead, significant developments are anticipated in the general insurance...
by AIP Online Bureau | Oct 9, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
With a total premium of Rs77,049 crore, up 21 per cent y-o-y, mobilised in the first six months Fy 2024, the market share of private sector multiline general insurers has inched up to 53.58 per cent from 50.81 per cent(in Sept fy 2023) while the SAHIs, with a total...
