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GIC Re’s gross premium goes up by 11 % to Rs 27,117 crore, net profit falls by 28 % in H1 2018-19
Though, the agriculture portfolio, which had contributed massively to the GIC Re’s premium kitty in recent years, at Rs 11,296.62 crore had remained flat, the reinsurer, with Rs 5400 crore of fire portfolio and Rs 4439 of motor portfolio, has grown both the portfolios by 25 per cent each in H1 2018-19.
Cyber-attacks, volatile weather top risks for India Inc:Marsh-RIMS study
In fact, some 88 per cent of the survey respondents – representatives of C-suites, executives, and risk professionals across 19 industries – identified cyber-attacks as the top-most risk. This was followed by data fraud or theft (85%), volatile weather (84%), severe energy price shock (81%) and major financial failure (81%) among the other top risks for India Inc.
New India’s net profit falls by 22 % to Rs 963.82 cr in H1 2018-19
Pilot’s error triggers hijack scare on Kandahar-bound plane at IGI airport
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