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Jio Financial Services to enter insurance sector soon, confirms Mukesh Ambani

Jio Financial Services to enter insurance sector soon, confirms Mukesh Ambani

by AIP Online Bureau | Aug 28, 2023 | Health, Indian News, Life, Non-Life

`JFS will enter the insurance segment to offer simple, yet smart, Life, General, and Health insurance products through a seamless digital interface, potentially partnering with global players. It will use predictive data analytics to co-create contextual products with...

General insurance industry’s premium grows 14% to Rs 26,629 crore in July, Pvt sector cos lead

by AIP Online Bureau | Aug 7, 2023 | Health, Indian News, Non-Life

Bajaj Allianz General Insurer with a premium base of Rs3762 crore , a y-o-y growth of 51 per cent, has overtaken ICICI  Lombard General insurance in garnering the largest  premium in the month of July Mumbai: The Indian general  insurance industry has...
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...
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