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...
by AIP Online Bureau | Jan 2, 2023 | Indian News, Non-Life
On Monday, under the banner of Joint Forum of Trade Unions (JFTU),the unions participated in conciliation meeting with the management under the guidance of chief labour commissioner(CLC). Various arguments took place in the meeting from both sides and finally CLC...
by AIP Online Bureau | Nov 8, 2022 | Health, Indian News, Non-Life, Reinsurance
The private sector general insurers have further expanded their market share to 51.34 per cent till October-2022 as against 49.24 per cent in the year-ago period. The four PSU general insurers have continued to lose their market share to 33.13 per cent till Oct -2022...
by AIP Online Bureau | Sep 27, 2022 | Health, Indian News, Non-Life
The four PSU general insurers, which together have over 35 per cent of industry’s market share, have generated 70 per cent of its underwriting losses in FY2021-22 19 full fledged private sector general insurers, led by IFFCO Tokio General Insurance, have...
by AIP Online Bureau | Sep 21, 2022 | Health, Indian News, Non-Life, Reinsurance
The new WG will examine framework surrounding the products in general insurance including Health Insurance segment for other than annual policies and for uniformity in the approach to be followed Some of the other members of WG are-Neeerja Kapur, CMD, New India...
