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New India turns profitable at Rs 71 crore in Q2FY25

New India turns profitable at Rs 71 crore in Q2FY25

by AIP Online Bureau | Oct 30, 2024 | Health, Indian News, Non-Life

Girija Subramanian, CMD, NIA, said, “It gives me immense satisfaction that the operating metrics have improved, with loss ratio as well as combined ratio being lower than the same period last year with profit after tax showing a 5x increase. While the premium...
New India and GIC Re to launch India’s first Digital Identity Monitoring and Insurance Solution

New India and GIC Re to launch India’s first Digital Identity Monitoring and Insurance Solution

by AIP Online Bureau | May 30, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management, Technology

“As more of the Indian population moves online and shares sensitive identity information on various platforms, it’s vital that individuals have access to the right protection should their data be breached. We are pleased to introduce our latest innovation in...
New India doubles its net profit to Rs 354 cr in Q4FY24

New India doubles its net profit to Rs 354 cr in Q4FY24

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...

LIC, GIC Re and New India continue to be Domestic Systemically Important Insurers(D-Slls) in 2023-24:IRDAI

by AIP Online Bureau | Mar 27, 2024 | Indian News, Life, Non-Life, Reinsurance

D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system Hyderabad: Insurance regulator IRDAI, on Wednesday, said Life...
Girija S selected as CMD of New India, BS Rahul for UII

Girija S selected as CMD of New India, BS Rahul for UII

by AIP Online Bureau | Mar 21, 2024 | Indian News, Non-Life, Policy

Girija Subramanian, CMD,Agriculture Insurance Company This is also for the first time that a serving CMD of a PSU entity again participated in the selection exercise meant to choose a CMD of another PSU insurer New Delhi: The Financial Services Institutions...
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