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Indian general insurance industry’s record underwriting losses flare up by 50% to Rs 28,500 crore in FY2021-22

Indian general insurance industry’s record underwriting losses flare up by 50% to Rs 28,500 crore in FY2021-22

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...
IRDA forms Ritesh Kumar panel to study long-term products in Property (Dwelling), Motor and Health Insurance

IRDA forms Ritesh Kumar panel to study long-term products in Property (Dwelling), Motor and Health Insurance

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...

General insurance industry’s premium grow 12% to Rs 24,471 crore in Aug

by AIP Online Bureau | Sep 8, 2022 | Health, Indian News, Non-Life

Gross premium underwritten by general insurance companies has gone up by 18.57 percent to Rs.102,357 crore during the five months ended August 2022 The market share of private players also increased to 50.23 percent during the period from 47.90 percent a year ago...

General insurance industry’s premium rise by 23% to Rs 54,492 crore in Q1Fy 20222-23

by AIP Online Bureau | Jul 6, 2022 | Health, Indian News, Non-Life, Reinsurance

The four PSU multiline general insurers -New India Assurance, Oriental Insurance Company, United India Insurance, National Insurance Company- have further lost around four per cent of their market share to private sector competitors in Apr-June period. Mumbai:...
Paytm forms general insurance JV without any external partner; to invest Rs 950 cr in 10 years

Paytm forms general insurance JV without any external partner; to invest Rs 950 cr in 10 years

by AIP Online Bureau | May 21, 2022 | Indian News, Non-Life, Technology

Vijay Shekhar Sharma, managing director, One97 Communications Initially, One97 Communications (OCL) will hold a 49 per cent stake in PGIL while the rest 51 per cent stake is to be owned by OCL’s managing director Vijay Shekhar Sharma-led VSS Holding Private...
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