by AIP Online Bureau | May 25, 2023 | Indian News, Non-Life, Reinsurance
Devesh Srivastava, CMD, GIC Re GIC Re’s record net profit has been possible as the third largest Asian reinsurer has a combined ratio of 89.16 per cent and an underwriting profit of Rs 889.77 crore along with a higher investment income of Rs 3,667.16 during the...
by AIP Online Bureau | May 24, 2023 | Indian News, Life
The Indian Embedded Value (IEV) of the corporation has been determined as Rs.5,82,243 crore as at March 31st ,2023 as compared to Rs. 5,41,492 crore as at March 31st,2022 and Rs. 5,44,291 crore as at September 30th,2022, showing a growth of 7.53 per cent y-o-y basis....
by AIP Online Bureau | Apr 27, 2023 | Indian News, Non-Life
The company had an underwriting losses of Rs 2 crore for Q4 FY23 as against a profit of Rs 9 crore in Q4 FY22 Pune: With a combined ratio(CR) of of 97.3 per cent, Bajaj Allianz General Insurance Company(BAGIC) has reported a 30 per cent year-on -year(Y-O-Y) jump in...
by AIP Online Bureau | Apr 26, 2023 | Indian News, Life
The value of new business grew 37 per cent to Rs 5,067 crore, with a robust margin of 30.1 per cent, up 420 bps for the year Mumbai: SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in...
by AIP Online Bureau | Feb 9, 2023 | Indian News, Non-Life, Reinsurance
As a result of tight underwriting practices in recent years, the third largest Asian reinsure has managed a better combined ratio and lower underwriting losses in Fy 2022-23 Mumbai: Returning to profitability, state owned reinsurer GIC Re’s net profit has...
