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...
by AIP Online Bureau | Apr 17, 2024 | Indian News, Non-Life
The company’s combined ratio has improved to 102.2 per cent in Q4 FY2024 as against 104.2 per cent in Q4 FY2023 Rakesh Jha, executive director, ICICI Bank has been appointed as the non-executive chairman of the company, with effect from June 30, 2024, after...
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...
by AIP Online Bureau | Feb 8, 2024 | Indian News, Life
“Our consistent and focused approach towards diversifying and changing our product mix is now yielding results at a faster pace. ” Chairperson Siddhartha Mohanty, said Mumbai: Life Insurance Corporation of India reported a nearly 50% rise in third-quarter...
