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HDFC Ergo General Insurance is likely to be listed in next two years
ECGC cuts down its exposure to Gems & Jewellery sector
Geetha Muralidhar,CMD, ECGC said,“Keeping in view the ongoing developments in the sector, when large amount of bank loans have turned into non-performing assets(NPAs) in the sector, we have put our own control system in place. Earlier, we used to provide cover 75 per cent of loans. Now, whenever the export amount the sector crosses Rs 600 crore, our cover comes down to 50 per cent
General insurance collection up 12.2% to Rs 37,349 Cr in Q1
Bajaj Allianz General Insurance posts a net profit of Rs 128 crore in Q1
Combined ratio of the company improved to 90.2 per cent in Q1 FY19 as against 95.8 per cent in Q1 FY18.The overall gross written premium for Q1 FY19 increased by 23 per cent to Rs 2,429 crore Rs 1,973 crore in Q1 FY18 and the net earned premium for Q1 FY19 stood at t 1,612 crore vis t 1,334 crore in Q1 FY18 – an increase of 21 per cent.
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