by AIP Online Bureau | Oct 2, 2022 | Health, Indian News, Non-Life, Pandemic
The general insurance industry, saddled with the huge overall losses of three PSU general insurers, Oriental Insurance, National Insurance Company and United India Insurance, has slipped into net losses of Rs 2,842 crore in FY 2021-22 as against a net profitability...
by AIP Online Bureau | Aug 10, 2022 | Indian News, Non-Life
“After a challenging FY22, Q1FY23 saw a turnaround with the company’s results improving considerably compared to the previous quarter. The gross written premium growth at 6.5 per cent was low as the company took several proactive steps to strengthen the...
by AIP Online Bureau | Aug 10, 2022 | Indian News, Life, Non-Life, Reinsurance
Devesh Srivastava, CMD, GIC Re “We are targeting a Combined Ratio of 100 per cent and work is on progress to achieve it in the medium term. We are now purely looking for profitable business and the market is aware of our focus. Topline growth will happen but it...
by AIP Online Bureau | Jul 28, 2022 | Indian News, Life
The life insurer’s Value of New Business (VNB) jumped 130 per cent to Rs 882 crore and the VNB margin soared 665 basis points to 30.4 per cent during the reporting period Mumbai: SBI Life on Thursday reported an 18 per cent growth in net profit at Rs 263 crore...
by AIP Online Bureau | Jul 28, 2022 | Indian News, Non-Life
The general insurer’s combined ratio stood at 104.6 per cent in Q1 FY23 as compared to 103.4 per cent in Ql FY22 mainly due to higher claims ratio The company’s investment and other income (net) for Q1 FY23 increased by 30 per cent y-o-y to Rs 612 crore...
