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Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re

Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re

by AIP Online Bureau | Apr 24, 2025 | International News, Non-Life, Reinsurance, Technology

Swiss Re’s Chief Underwriting Officer Casualty Laure Forgeron said: “The global motor insurance market is both dynamic and rapidly evolving. At this moment, the introduction of new tariffs will have a material impact by increasing repair costs and putting...

Shriram General wins court case in fraudulent motor claims case

by AIP Online Bureau | Mar 23, 2025 | Indian News, Non-Life

The case also exposed a nexus between a hospital, police officials, and lawyers to claim motor vehicle accident insurance money by submitting forged documents, fraudulent certificates and medicine bills, Shriram General Insurance Company said in a statement New Delhi:...

Shriram General Insurance settles Rajasthan accident claims in 24 hours

by AIP Online Bureau | Dec 23, 2024 | Briefs, Non-Life

Shriram General Insurance Company (SGIC) has settled the motor insurance claims within 24 hours of the incident in Jaipur (Rajasthan).On Friday, December 20, 2024, a truck loaded with chemicals collided with a tanker carrying LPG and other vehicles including a CNG...
Govt to pay for treatment of road accident victims of uninsured vehicles

Govt to pay for treatment of road accident victims of uninsured vehicles

by AIP Online Bureau | Sep 3, 2024 | Indian News, Non-Life, Policy

Earlier, the General Insurance Council (GI Council), the official representative body of the Indian general insurers consisting of private sector and PSU general insurers, has sued the Ministry of Road Transport and Highways (MoRTH) in Delhi High Court for asking the...
Rising claims pose challenge for health insurance sector in India: Jefferies

Rising claims pose challenge for health insurance sector in India: Jefferies

by AIP Online Bureau | Aug 24, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Reinsurance

The report indicated that India’s non-life insurance sector is experiencing significant shifts, the health insurance segment may face challenges as healthcare costs continue to rise and more consumers claim their insurance, and insurers are grappling with...
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