by AIP Online Bureau | May 27, 2024 | Indian News, Life
“During the last year, we have focused on directional changes in our product mix and enhancing margins in the business. We have more than doubled our share of non-par business within our Individual business. Now we intend to focus our strategic interventions to...
by AIP Online Bureau | May 22, 2024 | Health, Indian News, Non-Life, Reinsurance
Titus Francis, executive director, NIA “NIA has delivered excellent results in FY24, despite adverse impact of several catastrophic claims during the year. It has recorded a 128 per cent growth in its net profit in Q4. On individual lines, Motor third party loss...
by AIP Online Bureau | May 22, 2024 | Indian News, Non-Life
Anil Aggarwal, MD & CEO, Shriram General Insurance Company. The general insurer’s combined ratio, one of the key matrix for profitability had fallen to 105.98 per cent in Fy 24 from 110.42 per cent in Fy 23 The company’s underwriting losses have fallen...
by AIP Online Bureau | Apr 26, 2024 | Indian News, Non-Life, Reinsurance
BAGIC’S underwriting loss stood at Rs 76 crore for 04 FY24 as compared to a loss of Rs 2 crore in 04 FY23.The insurer’s combined ratio stood at 101.6 per cent in Q4 FY24 over 97.3 per cent in 04 FY23. Pune: Bajaj Allianz General Insurance...
by AIP Online Bureau | Apr 23, 2024 | Indian News, Life
Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance The decline in value of new business margin is primarily on account of the shift in underlying product mix towards unit linked & par (participatory ) from non par business, decline in group term business...
