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Digital Adoption: Online platform preferred for general insurance products

Digital Adoption: Online platform preferred for general insurance products

by AIP Online Bureau | Jul 26, 2023 | Articles, Eco/Invest/Demography, Health, Non-Life, Technology

“Digital adoption is no longer just a choice; it has become a necessity for businesses to thrive in today’s rapidly evolving landscape. Our recent research report underscores the critical role that technology plays in driving growth, efficiency, and...

Health, motor continue to drive general insurance, Q1 sales jump 17.9%

by AIP Online Bureau | Jul 14, 2023 | Data, Health, Non-Life

In June, the non-life insurance industry reported a premium of Rs 20,451.9 crore growing by 14.8 per cent on-year compared to 20.6 per cent in the same period last year, according to the data collated by Care Ratings Mumbai: Robust demand for health and motor covers...
Indian general insurance prm to cross Rs 3 trillion by FY 2025, says ICRA

Indian general insurance prm to cross Rs 3 trillion by FY 2025, says ICRA

by AIP Online Bureau | May 15, 2023 | Indian News, Non-Life, Reinsurance

Neha Parikh, vice president and sector head – Financial Sector Ratings, ICRA, says: “ICRA expects the GDPI to expand by a healthy 13-15% to Rs. 2.73-2.78 trillion by FY2024 and further by 12-14% to Rs. 3.06-3.17 trillion by FY2025. Driven by the improving distribution...

General insurers likely to end FY 2022-23 with a total prm of over Rs 2.5 trn, Pvt sector players’ market share exceed 60%

by AIP Online Bureau | Mar 6, 2023 | Indian News, Non-Life, Reinsurance

Twenty multiline private sector general insurers led by ICICI Lombard General Insurance, have maintained  a formidable lead over the four PSU general insurers by recording a total premium of Rs 1,19,561.38 crore, a y-o-y growth of 21 per cent and have already...

Kotak Mahindra Bank plans minor stake sale in its general insurance arm

by AIP Online Bureau | Feb 14, 2023 | Indian News, Non-Life

The process could draw potential strategic partners as well as financial investors Deliberations are at an early stage, details of a deal such as size and structure could change and the lender could decide not to go ahead with the stake sale, the people said. A...
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