Welcome to My Blog

Rokde is the senior most general manger and director in the public sector general insurance industry and has already appeared for the interview for selecting the CMDs of three public sector general insurers- National Insurance Company,United India Insurance and NIA

“The swiftness with which the central bank has responded to the jump in inflation should prevent the need for very aggressive policy changes in the future,” Capital Economics analyst Shilan Shah said in a note.

IFFCO Tokio had recently rejigged its organisational structure by adding focused distribution verticals like Agency, Brokers, Bancassurance, Corporate, Government and Digital channels to enable focussed approach with complete accountability and to enhance customer satisfaction levels.

Rikhil Shah, CFO, SBI General Insurance, said, “Our entire accumulated losses have been wiped out and we are likely to achieve a growth of 20 % in ROE post tax by the fiscal-end.We have witnessed a growth of 52% in Q1 FY 18-19 against an industry growth of 12%. We are looking 30 per cent of topline growth by the end of the fiscal. Also, we are looking at ROE growth by 20 per cent in the current fiscal”

NIA’s combined ratio, the key parameter in assessing the profitability, declined to 111.02 per cent in Q1 2018-19 from 111.03 per cent in Q1 207-18 and adjusted combined ratio of the company also reduced to 94.72 per cent in the reporting period.

Out of the total unclaimed amount of Rs 15,166.47 crore, as on March 31, 2018, insurance behemoth Life Insurance Corporation (LIC) is sitting on Rs 10,509 crore, while the 22 private sector insurers account for the remaining Rs 4,657.45 crore 

Such growth, Kant said, was not possible if infant-mortality and maternal mortality rates were at very high rates and if one in three children was stunted