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FinMin to take call on Rs 3,000 crore infusion into 3 PSU general insurers

by AIP Online Bureau | May 10, 2023 | Indian News, Non-Life, Regulation

The FY’23 financial numbers would give some idea about the impact of restructuring initiated on the profitability numbers and the solvency margin, sources said Barring the solvency ratio of New India Assurance, this key indicator of the three Public sector general...

Women outshine men for GM promotions in PSU general insurance companies

by AIP Online Bureau | Apr 19, 2023 | Health, Indian News, Non-Life

Out of 16 vacancies of general mangers across five companies including GIC Re, 11 have been cornered by women candidates New Delhi: The public sector general insurance companies, for the first time, have seen a few senior women officers (deputy general managers)...

Govt to infuse more capital in public sector general insurers next year

by AIP Online Bureau | Mar 12, 2023 | Indian News, Non-Life, Policy

Based on the performance in the FY23, the finance ministry would take a call as to how much capital they would require to meet regulatory requirement, the official said.They are not in good financial health and fund would be infused in these entities to augment their...

4 PSU general insurers to implement organisational restructuring from Monday, Unions to protest

by AIP Online Bureau | Feb 11, 2023 | Indian News, Non-Life, Policy

“As we enter the New Year, we are excited to announce the introduction of this new organisational design starting from 13th February on pilot basis,”said Suchita Gupta, CMD, National Insurance Company in a letter to the company’s employees Similar...

PSU gen insurers and unions to meet on Jan 12 for sorting out differences over E&Y recommendations on restructuring

by AIP Online Bureau | Jan 4, 2023 | Indian News, Non-Life, Workplace/Employee Benefits

A section of employees of public sector general insurance companies had given a call to go on strike on January 4 against the proposed unilateral restructuring in the state-run insurers. The unions alleged that the proposed restructuring would weaken the public sector...
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