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...
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...
by AIP Online Bureau | Jan 30, 2024 | Indian News, Non-Life, Reinsurance
Tapan Singhel , MD & CEO, Bajaj Allianz General Insurance The private sector insurer’s combined ratio increased to 102.9 per cent in 03 FY24 from 100.3 per cent in 03 FY23.Excluding the NATCAT impact. combined ratio for 03 FY24 stood at 99.5 per cent.BAGIC’s...
by AIP Online Bureau | Jan 16, 2024 | Indian News, Non-Life
The insurer’s combined ratio, an important profitability metric for an insurance firm’s underwriting business, improved to 103.6 per cent from 104.4 per cent a year ago Mumbai: ICICI Lombard General Insurance, the country’s second largest general...
