by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
Indian general insurers, which will be generating a premium of over three lakh crore rupees in Fy 25, in their detailed representation to the IRDAI, explained that the proposed regulations are reducing choice for the insurers, reducing reinsurance capacity for the...
by AIP Online Bureau | Jan 5, 2025 | Indian News, Non-Life, Reinsurance, Risk Management
“We are closely monitoring the evolving market dynamics and are taking all steps necessary to protect GIC Re’s interests. These measures would include enhanced risk assessment, collaboration with insurers and also prudent capacity allocation.’’ N Ramaswamy, CMD,...
by AIP Online Bureau | Aug 9, 2024 | Indian News, Life, Non-Life, Reinsurance
N Ramaswamy, CMD, GIC Re GIC Re has expanded its premium income by almost 40 per cent y-o-y to Rs 12,406 crore during the quarter ending in June 2024 `We now plan to push growth both in top line and bottom line. Of course, we are closely...
by AIP Online Bureau | May 28, 2024 | Indian News, Reinsurance
“Despite having nine catastrophic events, which have added Rs 3,300 crore of losses for GIC Re, we had a profitable year in Fy 24. As a matter of strategy, we have increased our domestic premium by almost 15 per cent in Apr 1 renewals while going slow in...
by AIP Online Bureau | Feb 7, 2024 | Indian News, Non-Life, Reinsurance
`Our results during the quarter are more or less as per expectations. Domestic premium this quarter has come down due to our decreasing agricultural business. Combined ratios have gone up in domestic due to two natural catastrophic events in the quarter,” said N...
