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New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

by AIP Online Bureau | Feb 9, 2024 | Health, Indian News, Non-Life, Reinsurance

“FY24 continues to be a challenging year for the company. In the third quarter, the country witnessed catastrophic events like cyclone Michaung and floods in South India, Sikkim West Bengal. The net impact of these events on the company’s third-quarter...
New India to integrate with ONDC soon, targets digital footprint increase by 10 to 15% annually: Kapur

New India to integrate with ONDC soon, targets digital footprint increase by 10 to 15% annually: Kapur

by AIP Online Bureau | Sep 20, 2023 | Indian News, Non-Life, Technology

Neerja Kapur, CMD, New India Assurance “The insurer is taking lot of digital initiatives and is deploying artificial intelligence for doing motor Own Damage( OD) claim surveys up to Rs. 50,000. This is currently in the pilot phase. It will be rolled out to all...
New India to integrate with ONDC soon, targets digital footprint increase by 10 to 15% annually: Kapur

NIA targets 12% top-line growth and 5% reduction in combined ratio in FY’ 24: Kapur

by AIP Online Bureau | Jul 12, 2023 | Health, Indian News, Non-Life

Neerja Kapur, CMD, NIA “Our future strategy is to increase the return on equity, expand our market share, leverage benefits of economies of scale driven by growth, rationalisation of operating offices, maintaining healthy solvency margin and increasing digital...

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