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FSIB to select CMDs of New India and United India on Mar 20-21, AIC’s Girija S top contender for NIA

by AIP Online Bureau | Mar 15, 2024 | Indian News, Non-Life, Policy

This is also for the first time that a serving CMD of a PSU entity is again appearing for the interview to be selected as a CMD of another PSU insurer. Earlier, there were instances, where CMD of one PSU general insurer had been shifted another PSU general insurer...
New India launches Drone insurance, to cover physical damage to the aircraft and its theft

New India launches Drone insurance, to cover physical damage to the aircraft and its theft

by AIP Online Bureau | Dec 22, 2022 | Indian News, Non-Life, Reinsurance, Technology

Neerja Kapur, CMD,NIA said, “India’s drone manufacturing industry clocked annual sales of Rs 60 crores in FY 2021 and is expected to grow to Rs 900 crores by FY 2024. Thanks to the impetus given by the Government of India through the liberalised Drone Rules, 2021,...
New India’s net profit rises 32 % to Rs 118 crore in Q1FY23

New India’s net profit rises 32 % to Rs 118 crore in Q1FY23

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...
CMD Selection: FSIB recommends Neerja Kapur for New India,Girija Subramanian for AIC

CMD Selection: FSIB recommends Neerja Kapur for New India,Girija Subramanian for AIC

by AIP Online Bureau | Jul 27, 2022 | Indian News, Non-Life

Neerja Kapur, general manager , New India Assurance The FSIB, that replaced the BBB (Banks Board Bureau) as the head hunting agency for the top management of PSU banks and insurance companies on July 1, had interviewed seven shortlisted general mangers of different...

LIC, GIC Re, New India continue to be systematic important insurers, need extra supervision: IRDAI

by AIP Online Bureau | Dec 30, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance, Risk Management

Domestic systemically important insurers(D-SIIs) are already being subjected to enhanced regulatory supervision as the continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy On Thursday, the...
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