by AIP Online Bureau | Jan 9, 2024 | Indian News, Non-Life, Policy, Regulation, Reinsurance
FSIB has shortlisted a few of GMs who were promoted in FY2022-23 and also in FY 2023-24, though they have not completed one year in the posts New Delhi: After deciding to convert the posts of general mangers and director(GMDs) into executive directors(EDs), the...
by AIP Online Bureau | Dec 23, 2023 | Indian News, Non-Life, Policy, Reinsurance
The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi has finally approved the proposal of the Department of Financial Services for framing of guidelines for appointment of EDs in all public sector general insurance companie Currently,...
by AIP Online Bureau | Dec 10, 2023 | Indian News, Non-Life
The PSU general insurance companies are board governed commercial entities operating in a competitive and regulated market. This entities are empowered to take appropriate decision in such a matter in compliance with regulatory framework and guidelines, said Bhagwat...
by AIP Online Bureau | Sep 10, 2023 | Indian News, Non-Life
Public sector insurers saw their premium income fall by 1 per cent to Rs 34,203 crore during the first five months of the current fiscal. As a result, their market share plunged to less than a third at 32.5 per cent from 33.4 per cent, while premium income slipped...
by AIP Online Bureau | Aug 27, 2023 | Indian News, Non-Life, Policy
Vivek Joshi, secretary, Department of Financial Services(DFS), recently had reviewed the functioning of the four PSU general insurers in New Delhi but the pressing issue of the capital infusion was out of meeting’s agenda The three PSU general insurers that...
