by AIP Online Bureau | Apr 30, 2025 | Indian News, Non-Life
Unions want a 17 per cent hike to be on par with the Life Insurance Corporation(LIC) and the Indian banking industry. GIPSA management has assured the matter would be taken up again with the Department Financial Services for further consideration, according to union...
by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Reinsurance
GIPSA, the coordinating agency for the six PSU companies, has completed the largest ever promotional exercises in the industry and published the results to fill up 30 post of general managers and 97 deputy general mangers(DGMs) New Delhi: After creating a...
by AIP Online Bureau | Feb 13, 2025 | Indian News, Non-Life, Policy
“With improved risk-management practices, loss-control initiatives, adoption of technology, development of new products, better customer services and diversification of portfolio, the Public Sector General Insurance Companies have posted a magnificent turnaround...
by AIP Online Bureau | Jan 2, 2025 | Health, Indian News, Non-Life, Regulation, Reinsurance
“Cyber insurance is expected to gain prominence alongside the adoption of parametric insurance for disaster management and surety bonds as alternatives to traditional bank guarantees in infrastructure projects,” Bajaj Allianz General Insurance MD & CEO...
by AIP Online Bureau | Dec 1, 2024 | Health, Indian News, Life, Non-Life
To enable PSU insurers to avail composite licenses, the government needs to amend the two existing Acts- The Life Insurance Corporation Act of 1956 and the General Insurance Business (Nationalisation) Act, 1972 (GIBNA). But, no such provisions have been made in the...
