by AIP Online Bureau | Apr 25, 2023 | Indian News, Life
In terms of new business premiums collected, it continues to hold a market share of 62.58 per cent as on March 2023 Mumbai: The total premium of Life Insurance Corporation of India (LIC) collected for fiscal 2022-23 grew 16.67 per cent to Rs 2.32 trillion from Rs 1.99...
by AIP Online Bureau | Apr 24, 2023 | Data, Non-Life, Reinsurance, Risk Management
Rising policyholder awareness of the multi-faceted cyber threat continues to boost demand for coverage. Rapid recent premium growth and a reduction in claims experience in 2022 led to a strong recovery in results for the US Cyber insurance line following two...
by AIP Online Bureau | Apr 6, 2023 | Health, Indian News, Non-Life, Reinsurance
Though, the actual figures are yet to be known for the whole year, this the second year, when the health business will be largest portfolio of the industry, followed by motor and crop At the end of Fy 2022-23, the four public sector general insurers, NIA,United India...
by AIP Online Bureau | Mar 31, 2023 | Briefs, Non-Life
New Delhi: IFFCO-TOKIO General Insurance has achieved a 16 per cent growth in its gross premium to of Rs 10,000 crores in 2022-23.H.O. Suri, managing director & CEO, IFFCO Tokio stated that “‘‘Health Insurance’ and ‘Crop Insurance’ verticals are the top most...
by AIP Online Bureau | Feb 1, 2023 | Eco/Invest/Demography, Indian News
Some budgetary announcements is negative for life insurance companies– as it will impact savings products which are usually high value and margin products (though not protection). However, smaller policies remain unaffected. Overall a negative for life insurance...
