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...
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...
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...
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...
by AIP Online Bureau | Feb 1, 2023 | Indian News, Non-Life, Policy, Regulation, Reinsurance
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...
