by AIP Online Bureau | May 29, 2023 | Indian News, Non-Life
Neerja Kapur, CMD, NIA NIA has declared a dividend of Rs 1.93 per share with a face value of Rs 5 NIA’s underwriting losses have fallen by 5 per cent y-o-y to Rs 1,690 crore in Q4FY23 Operationally, the company looks forward to an improved performance in FY24 in...
by AIP Online Bureau | May 4, 2023 | Briefs, Non-Life
The government has nominated Mukesh Kumar Bansal, the new joint secretary in Department of Financial Services (DFS) on the board of Kolkata based National Insurance Company(NIC) with immediate effect in place of Saurabh Mishra, who quit his job earlier. Bansal will...
by AIP Online Bureau | Apr 2, 2023 | Indian News, Non-Life, Reinsurance
With a good track record, AI has managed to hold on to the last year premium of $30 million After a year of ownership of Air India, Tatas have preferred to make their own subsidiary Tata AIG General insurance as the lead insurer for the airlines by giving larger...
by AIP Online Bureau | Mar 31, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance
Domestic Systemically Important Insurers refer to insurers of such size, market importance, and domestic and global interconnectedness, whose distress or failure would cause a significant dislocation in the domestic financial system, said the Irdai Hyderabad: Life...
by AIP Online Bureau | Mar 6, 2023 | Articles, Non-Life, Reinsurance, Risk Management
The report provides global benchmarks on proven insurance practices, and discusses critical aspects like customer experiences, seamless claim settlements, and adoption of new technologies. The time is ripe for introducing changes in the insurance industry that will...
